Average Rent in Charlotte 2026
The average rent in Charlotte, NC is $1,400 for a 1-bedroom, $1,700 for a 2-bedroom, and $2,100 for a 3-bedroom apartment in 2026. The cost of living in Charlotte is 2% above the national average. To afford a 1-bedroom apartment here using the 30% rule, you need an annual income of at least $56,000.
Charlotte Rent Prices by Bedroom
1 Bedroom
$1,400
per month
2 Bedrooms
$1,700
per month
3 Bedrooms
$2,100
per month
Cost of Living in Charlotte
102
Cost of Living Index (100 = national average)
Charlotte's cost of living index is 102, which is 2% above the national average. This index factors in housing, groceries, transportation, healthcare, and utilities. A higher number means you need more income to maintain the same standard of living compared to the national average.
Charlotte at a Glance
Population
879K
Median Income
$66,399
COL Index
102
Rent Control
No
How Much Income Do You Need to Rent in Charlotte?
The widely accepted guideline is to spend no more than 30% of your gross income on rent. Here is the minimum annual income you need to afford an apartment in Charlotte by bedroom count:
1-Bedroom
$1,400/mo rent
$56,000/yr
2-Bedroom
$1,700/mo rent
$68,000/yr
3-Bedroom
$2,100/mo rent
$84,000/yr
Based on the 30% rule: monthly rent should not exceed 30% of gross monthly income.
How Much You Save with a Roommate in Charlotte
Save $550/month
by splitting a 2-bedroom with a roommate
Solo 1BR
$1,400
per month
Split 2BR
$850
per person/month
Annual Savings
$6,600
per year
Instead of paying $1,400 for a 1-bedroom on your own, splitting a 2-bedroom ($1,700) with one roommate brings your share to $850. That is $6,600 per year you could put toward savings, investments, or paying down debt.
Rent Control in Charlotte
Charlotte, NC does not currently have rent control or rent stabilization laws. Landlords can raise rent by any amount at lease renewal, though they are typically required to provide advance notice (usually 30-60 days). If you are concerned about rent increases, consider negotiating a longer lease term for price stability.
Rent Calculators for Charlotte Renters
Use these free calculators to plan your Charlotte rental budget, split rent with roommates, and check if you qualify for an apartment.
Rent Affordability Calculator
Find out how much rent you can afford based on your income.
Fair Rent Split Calculator
Split rent fairly by room size, features, and income.
Rent-to-Income Calculator
Check if you meet the 3x rent rule landlords require.
Renter Budget Calculator
Build a 50/30/20 budget around your rent payment.
Frequently Asked Questions About Renting in Charlotte
Is Charlotte expensive to rent in?
Charlotte is near the national average for rental costs. A 1-bedroom averages $1,400 per month in 2026. The city has seen rapid growth, but new apartment construction has helped moderate rents. South End and Uptown are pricier, while University City and Steele Creek are more affordable.
How much income do you need to rent in Charlotte?
Using the 30% rule, you need about $4,667 per month ($56,000 annually) to afford an average $1,400/month 1-bedroom apartment in Charlotte.
How much can you save by splitting rent with a roommate in Charlotte?
Splitting a 2-bedroom ($1,700/month) with one roommate brings your share to $850, saving $550 per month or $6,600 per year versus renting a 1-bedroom alone.
Planning to rent in Charlotte?