North Charlotte renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in North Charlotte is about $1,568 per month. This puts it in the 86th percentile compared to the city average cost of rent, which is $1,271. Households in North Charlotte have a median income of $6,689 per month so the average renter in North Charlotte is spending roughly 23% of their earnings on housing.
Nationally, and in North Charlotte, home values are the data point most closely correlated with the cost of rent. The median price of a home in North Charlotte is $348,847 right now, which is higher than nearby neighborhoods, meaning that rents in North Charlotte also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of North Charlotte while lower rent rates are often available in southwestern areas.
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