Average Rent in 28203, Charlotte, NC

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Current Versus Historical 28203, Charlotte, NC Rents

28203 rentals average $0 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,312, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,062 (-29.82%) year-over-year from $3,561 to $2,499. 1-bedroom rentals prices have decreased by $33 (-1.83%) year-over-year from $1,783 to $1,750. 2-bedroom rentals prices have decreased by $47 (-1.87%) year-over-year from $2,494 to $2,448. 3-bedroom rentals prices have increased by $417 (12.33%) year-over-year from $3,383 to $3,800. 4-bedroom rentals prices have increased by $783 (15.16%) year-over-year from $5,167 to $5,950. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 4.20% this month. 1-bedroom rents have gone down by 6.46% this month. 2-bedroom rents have gone up by 7.31% this month. 3-bedroom rents have gone down by 2.98% this month. 4-bedroom rents have gone up by 14.42% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.55	$1,750	$1,783 (-1.83%)	$1,838 (-4.79%)
2 BR	$2.21	$2,448	$2,494 (-1.87%)	$2,065 (18.52%)
3 BR	$2.15	$3,800	$3,383 (12.33%)	$3,100 (22.58%)

Historical Rents in 28203, Charlotte, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 28203

There are a total of 4 cities nearby 28203. The average rent in 28203 is currently $1,895 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Concord, NC, with an average rent of $1,890, is the most affordable city nearby. In contrast, the most expensive city near 28203, Charlotte, NC is Charlotte, NC. Monthly rents here are on average $2,050 per month.

Let's compare 28203, Charlotte, NC's rent against other top cities nearby by bedroom size. One bedrooms are about 36.96% more expensive. Two bedrooms in 28203, Charlotte, NC are about 42.46% more expensive. Finally, rent for three bedrooms are about 49.24% more expensive. Want more information? Check out the top 4 cities near 28203, Charlotte, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Kannapolis, NC	N/A	N/A	$1,300	$1,890
Concord, NC	N/A	$935	$1,275	$1,890
Mooresville, NC	N/A	$1,272	$1,462	$1,900
Charlotte, NC	$2,174	$1,551	$1,850	$2,050

Top Neighborhoods Near 28203

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 28203

Some of these counties include Catawba, NC, Gaston, NC, and York, SC. The average rent for rentals in these counties is $1,940. That's roughly around $1 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Catawba, NC. It's average rent per month is $1,550. Vice versa, with an average rent of $2,150, Union, NC is the most expensive county by 28203, Charlotte, NC.

In comparison, rent for one bedroom listings in 28203, Charlotte, NC is 38.57% more expensive than other counties nearby. Finally, rent for two bedrooms in 28203, Charlotte, NC is 39.69% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Catawba, NC	N/A	$1,050	$1,295	$1,550
Gaston, NC	N/A	$1,050	$1,250	$1,558
York, SC	N/A	$1,371	$1,595	$1,895
Cabarrus, NC	N/A	$950	$1,300	$1,985
Mecklenburg, NC	$1,849	$1,550	$1,873	$2,100
Union, NC	N/A	$1,100	$1,750	$2,150

Top Zipcodes Near 28203

There are a total of 8 zipcodes in or near 28203, Charlotte, NC. The average rent for all of these zipcodes is $2,010. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 28208, Charlotte, NC at $1,800 per month. In comparison, the zipcode with the most expensive average rent of $2,295 per month is 28277, Charlotte, NC.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 28203, Charlotte, NC is $1,368 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,764 per month. Which comes out to $2 per sqft. The following chart includes the top 8 zipcodes in 28203, Charlotte, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
28208, Charlotte, NC	N/A	$1,384	$1,650	$1,800
28269, Charlotte, NC	N/A	$1,351	$1,645	$2,020
28277, Charlotte, NC	N/A	$1,620	$1,895	$2,295
28205, Charlotte, NC	N/A	$1,681	$1,825	$1,988
28202, Charlotte, NC	N/A	$1,640	$2,600	$2,000
28262, Charlotte, NC	N/A	$1,350	$1,703	$2,100
28027, Cabarrus County, NC	N/A	N/A	$1,938	$2,050
28216, Mecklenburg County, NC	N/A	N/A	$1,500	$1,950

Frequently Asked Questions - 28203 Average Rents

What is the average rent price in 28203, Charlotte, NC?

The average monthly rental price for 28203, Charlotte, NC apartments for rent is approximately $2,312. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 28203, Charlotte, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 28203, Charlotte, NC.

How much is a studio apartment in 28203, Charlotte, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 28203.

How much is a one bedroom apartment in 28203, Charlotte, NC?

The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $2.55. There are a total of 25 one bedroom apartment listings currently available for rent in 28203.

How much is a two bedroom apartment in 28203, Charlotte, NC?

The average monthly rental price for two bedroom apartments is $2,400 and an average price per square feet of $2.21. There are a total of 23 two bedroom apartment listings currently available for rent in 28203.

How have rent prices in 28203, Charlotte, NC changed this year?

Rent prices for rentals in 28203, Charlotte, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.30%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.12% year-over-year.

What is a reasonable rent price in 28203, Charlotte, NC?

A reasonable rent price in 28203, Charlotte, NC is around $1,850/month. You can search for these reasonably priced rental listings on RentHop.