Rental Rates Decreasing in Charlotte For The First Time Since Feb 2017


The nationwide apartment search website RENTCafé has just released their September Rent Report, showing decreasing rental rates across the nation for the first time since February 2017.

Following the national trend, North Carolina registers monthly rent decreases in most of its major cities.

Here are the highlights on North Carolina as seen in our September state rent report:

  • Despite its 0.6% drop in rates, Chapel Hill displays the most expensive rent in its state, clocking in at $1,407.
  • Raleigh and Durham both register monthly decreases of 0.3%, clocking in at $1,208 and $1,186, respectively.
  • Charlotte sees a $1 drop in rates compared to August and sets the average rent at $1,243/month.
  • In the Piedmont Triad area, rents register meager monthly increases. Greensboro ($908) sees a small push of 0.4%, while Winston-Salem rents ($868) go up 0.5%.