Prices remain on the rise for Charlotte renters, especially in ‘hottest' areas

Prices remain on the rise for Charlotte renters, especially in ‘hottest' areas

CHARLOTTE, N.C. — Renters in the Charlotte metro aren't likely to catch a break on rates in September.

That's according to three separate national sources, which show local rents this month are higher — in varying degrees — when compared to a year ago.

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One of those, the latest report from ApartmentData.com, puts the area's rental rate growth over the past year at 6.6%, with an effective monthly price of $1,194, or $1.25 per square foot, which spans one-, two- and three-bedroom units. The data indicates that 7,215 units were absorbed during that same 12-month time frame.

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ApartmentData.com also looked at rental rate growth and absorption in 21 Charlotte-area submarkets during the past three months to determine those segments of the market that are "hottest." Find that list in the full story here.