Average Rent in 28203, Charlotte, NC

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Current Versus Historical 28203, Charlotte, NC Rents

28203 rentals average $2,525 for a studio rental to $5,923 for a 4-bedroom rental. The median price of all currently available listings is $2,412, or roughly $3 per square feet.

For the apartment units and housing in December 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $172 (-6.37%) year-over-year from $2,696 to $2,525. 1-bedroom rentals prices have decreased by $402 (-20.06%) year-over-year from $2,002 to $1,600. 2-bedroom rentals prices have increased by $263 (11.77%) year-over-year from $2,237 to $2,500. 3-bedroom rentals prices have increased by $509 (16.07%) year-over-year from $3,166 to $3,675. 4-bedroom rentals prices have decreased by $244 (-3.96%) year-over-year from $6,167 to $5,923. 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 3.80% this month. 1-bedroom rents have gone down by 9.77% this month. 2-bedroom rents have gone up by 1.35% this month. 3-bedroom rents have gone up by 1.61% this month. 4-bedroom rents have gone up by 14.30% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.38	$2,525	$2,696 (-6.37%)	$1,829 (38.00%)
1 BR	$2.69	$1,600	$2,002 (-20.06%)	$1,982 (-19.28%)
2 BR	$2.46	$2,500	$2,237 (11.77%)	$1,950 (28.21%)
3 BR	$2.31	$3,675	$3,166 (16.07%)	$2,875 (27.83%)
4+ BR	$2.39	$5,923	$6,167 (-3.96%)	$3,275 (80.84%)

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 $1,883 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Kannapolis, NC, with an average rent of $1,845, 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 $2,073 per month.

Let's compare 28203, Charlotte, NC's rent against other top cities nearby by bedroom size. One bedrooms are about 29.19% more expensive. Two bedrooms in 28203, Charlotte, NC are about 43.99% more expensive. Finally, rent for three bedrooms are about 45.52% 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	$1,298	$1,845
Mooresville, NC	N/A	$1,316	$1,545	$1,855
Concord, NC	N/A	$950	$1,250	$1,910
Charlotte, NC	$2,500	$1,575	$1,850	$2,073

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 Gaston, NC, Catawba, NC, and York, SC. The average rent for rentals in these counties is $1,930. 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 Gaston, NC. It's average rent per month is $1,600. Vice versa, with an average rent of $2,200, Union, NC is the most expensive county by 28203, Charlotte, NC.

In comparison, rent for one bedroom listings in 28203, Charlotte, NC is 31.64% more expensive than other counties nearby. Finally, rent for two bedrooms in 28203, Charlotte, NC is 43.29% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Gaston, NC	N/A	$1,040	$1,275	$1,600
Catawba, NC	N/A	$1,148	$1,250	$1,695
York, SC	N/A	$1,371	$1,603	$1,895
Cabarrus, NC	N/A	$950	$1,275	$1,965
Mecklenburg, NC	$2,499	$1,557	$1,850	$2,100
Union, NC	N/A	$925	$1,650	$2,200

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 $2,054. 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 $1,795 per month. In comparison, the zipcode with the most expensive average rent of $2,300 per month is 28202, 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 $1,370 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,748 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	$1,213	$1,550	$1,795
28269, Charlotte, NC	N/A	$1,330	$1,560	$2,010
28277, Charlotte, NC	N/A	$1,993	$1,900	$2,300
28205, Charlotte, NC	N/A	$1,546	$1,798	$2,125
28202, Charlotte, NC	N/A	$1,777	$2,500	$2,300
28262, Charlotte, NC	N/A	$1,409	$1,699	$2,085
28027, Cabarrus County, NC	N/A	N/A	$1,860	$2,023
28216, Mecklenburg County, NC	N/A	N/A	$1,550	$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 $2,412. 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 $2,525 and an average price per square feet of $4.38. There are a total of 2 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 $1,600 and an average price per square feet of $2.69. There are a total of 23 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 $2,538 and an average price per square feet of $2.46. There are a total of 16 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 -0.06%, one bedroom rental prices have changed by -0.20%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.16% year-over-year.

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

A reasonable rent price in 28203, Charlotte, NC is around $1,930/month. You can search for these reasonably priced rental listings on RentHop.