Charlotte Ranked As Having The #6 Biggest Rent Decrease Since Start of Pandemic


As the COVID-19 pandemic and its ensuing economic fallout continue to overwhelm renters across the country, a new report found that the rental market in Charlotte has been one of the most heavily affected.

According to now ranks as having the 6th biggest rent decline since March:

Here are some of the report’s highlights:

  • Rents in Charlotte have decreased by 0.5% month-over-month, and are down 1.7% since the start of the pandemic in March, the #6 fastest decline among the nation’s 50 largest cities.
  • This is normally peak season for rental activity, and from 2014-2019, rent growth from Marth to June in Charlotte averaged 1.9%.
  • Year-over-year rent growth in Charlotte currently stands at -0.4%, the lowest rate in June of any year since the start of our estimates.

Check out the full Charlotte report: ( and the national report here.