By Blair Shiff, WCNC-TV
In just the last month, rent in the Queen City has increased 1.1%. The median 1-bedroom apartment is nearly $1,300.
If it feels like your landlord keeps upping the rent, you’re not alone.
Rents are rising across the Carolinas, but especially so in Charlotte. According to a recent report released by Apartment List, Charlotte rent increased 1.1% of the past month.
Compared to this time in 2020, Charlotte rents have increased by 19.9%. In good news, Charlotte’s year-over-year rent growth is behind the state’s average of 20.3%, but just barely. Also, it outpaces the national average of 15.8%
Rents have been steadily increasing in Charlotte over the past 12 months.
The median rent for a one-bedroom apartment in the Queen City is $1,273 while a two-bedroom is typically at $1,423.
Alternatively, while the sticker shock may be intense, Charlotte’s rents are still more affordable than other large cities.
San Francisco remains the most expensive place to rent in America, with its average rent doubling Charlotte’s.
When it comes to other cities in the Tar Heel State, Charlotte is not the highest. The median two-bedroom rent in Huntersville and Matthews is higher with rents hitting $1,810 and $1,720 respectively.
Watch more on WCNC-TV.