Apartment List just released their latest monthly rent report, revealing that prices are continuing to rebound, with our national index up by 1.9% month-over-month. This is the biggest monthly jump in our national index since the start of our estimates in 2017, breaking a record set just last month. Rent growth has now been outpacing prior-year averages for several months, indicating that this year’s moving season is set to be a historically busy one.
Rents in Charlotte increased 2.3% month-over-month, compared to 1.9% nationally. Month-over-month growth in Charlotte ranks #24 among the nation’s 100 largest cities.
Year-over-year rent growth in Charlotte currently stands at 3.2%, compared to 0.9% at this time last year.
Median rents in Charlotte currently stand at $1117 for a 1-bedroom apartment and $1248 for a two-bedroom.