New Data: Rents in Charlotte up 2.6% This Month

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In March 2020, rent prices in Charlotte fell dramatically in response to the COVID-19 pandemic. Since then, renters have enjoyed “pandemic pricing” and double-digit rent drops in some places. But today, nearly a year and a half later, prices have fully rebounded and are back above pre-pandemic projections, according to a new report by Apartment List.
  • Rents in Charlotte grew 2.6% in June, compared to 2.3% nationally. Charlotte’s monthly rent change ranks #42 among the nation’s 100 largest cities.
  • Rent prices in Charlotte are currently 2.6% higher than they were last March, meaning they are finally back to where they would have been had the pandemic not cratered the market last spring.
  • Median rents in Charlotte currently stand at $1184 for a 1-bedroom apartment and $1323 for a two-bedroom.
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