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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