Charlotte Rents Continuing To Rise – October 2019 Charlotte Rental Report

831 just released their October rent report, showing that the national average rent reached $1,476, a 0.1% increase compared to September.

The report also noted rental increases in most cities throughout North Carolina. “Charlotte saw a $5 increase in monthly rent prices, reaching an average of $1,249, the 4th most expensive in the state.”

Here are some additional highlights for North Carolina:

  • The average rent in Chapel Hill dropped by $1, but remained the most expensive in the state ($1,415).
  • For an apartment in Raleigh, renters currently pay $1,230/month, on average. That’s just $50 more than what renters pay further up North in Wake Forest – $1,180.
  • Greensboro and Winston-Salem see monthly gains of $3 and $7 respectively to their average rents.
North Carolina Average Rents – October 2019
Data Source: Yardi Matrix