Charlotte Ranks #10 for Fastest Year-Over-Year Rent Growth In America


A new report by has ranked Charlotte as having America’s 10th fastest rental rate growth among large cities.

According to their data, rents in the Queen City have inched up 0.2% over the past month and 2.5% over the past 12 months, which is just a hair shy of our state average.

The state’s average was pumped up from Wilmington seeing a massive annual rate growth of 5.9%, in addition to High Point’s 5.1%, Cary’s 3.9%, and Durham’s 3.1%;

The report also notes that:

  • Rents in Charlotte are up 2.5% over the past year, the #10 fastest growth rate among the nation’s large cities. For comparison, our national rent index grew by just 1.3% over the past year.
  • Since 2014, rents in Charlotte have grown by 19.9%, outpacing the national average of 12.7%.
  • The median rent for a 2BR apartment in Charlotte is currently $1,130 compared to the national average of $1,175.

You can read the full report here.

What do you think about Charlotte’s rental rates?