Charlotte MSA Avg Monthly Lease Price are up +10.9 % in February 2023

[Kai Kopsch]

Rent prices are on the rise again in Charlotte MSA, especially in the uptown area for apartments and townhomes. People are choosing to move to Mooresville, Huntersville, Rock Hill, and points further to pay lower prices in rent. In the past two years of investors buying SFH there, we have a high inventory in Rental SFH. More individuals are in need of low-income housing that almost not exists in CLT; I get more and more rent applications from people who like to move in with friends to share rent costs.

The average monthly lease price is up by + 8.2% by $1,989 in the Charlotte Region and up +10.9 % in Charlotte MSA $1,802 $1,997 +10.9%.