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The “Queen City,” Charlotte, NC, is a charming city with a vibrant downtown area, rich history, and easy access to nature. With attractions like the NASCAR Hall of Fame, Freedom Park, and the Spectrum Center, Charlotte lives up to its motto, “Charlotte’s Got a Lot.”
If you’re looking to rent an apartment in Charlotte, you’ll find that the average rent for a studio is $1,449 while a one-bedroom apartment is $1,497. But don’t worry, we’ve got you covered. ApartmentGuide has gathered a list of the most affordable neighborhoods in Charlotte to rent this year.
8 Affordable Neighborhoods in Charlotte, NC
From Elizabeth to Westside, Charlotte has affordable neighborhoods that fit your budget. The best part is that they’re all under Charlotte’s average rent for studio and one-bedroom units. Let’s jump in and see what Charlotte neighborhoods made the list.
1. Elizabeth
2. Westside
3. Eastside
4. Southwest Charlotte
5. Olde Whitehall
6. Harris – Houston
7. Myers Park
8. NoDa
Read on to see what each neighborhood has to offer its residents.
1. Elizabeth
Average studio rent: $1,395
Average 1-bedroom rent: $950
Apartments for rent in Elizabeth
Elizabeth is the most affordable neighborhood in Charlotte, as the average rent for a one-bedroom unit is $950. There are many reasons to love living in Elizabeth, from attractions like the Mural House and the Dale F. Halton Theater to green spaces like Independence Park. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore along Elizabeth Avenue. There are plenty of buses and light rail stops for renters living in Charlotte without a car.
Learn more about the Elizabeth neighborhood in Charlotte.
2. Westside
Average studio rent: $950
Average 1-bedroom rent: $1,020
Apartments for rent in Westside
Westside is a bustling area that’s just west of downtown Charlotte. This affordable neighborhood has many attractions, such as the Charlotte Douglas International Airport, the U.S. National Whitewater Center, and Hornets Nest Park. It’s an expansive neighborhood encompassing many smaller sub-neighborhoods, so there are plenty of places to explore if you’re new to Charlotte.
3. Eastside
Average studio rent: $925
Average 1-bedroom rent: $1,124
Apartments for rent in Eastside
With an average one-bedroom rent of $1,124, Eastside is the third-most affordable neighborhood in Charlotte. This neighborhood is an awesome option to consider as it’s home to attractions like the Charlotte Museum of History and McAlpine Creek Park. There are also picturesque views of the surrounding areas, and it’s close to downtown, so it’s a great area to explore Charlotte.
4. Southwest Charlotte
Average studio rent: $1,074
Average 1-bedroom rent: $1,307
Apartments for rent in Southwest Charlotte
Southwest Charlotte is the fourth-most affordable neighborhood in the city. This neighborhood is a great option if you’re looking for access to plenty of shops and restaurants, alongside lush green spaces. For example, you can easily access the Rivergate shopping center and Carowinds, an amusement park located along the North Carolina/South Carolina border. You can also explore the expansive McDowell Nature Preserve along Lake Wylie.
5. Olde Whitehall
Average studio rent: $1,290
Average 1-bedroom rent: $1,381
Apartments for rent in Olde Whitehall
Olde Whitehall is a stellar neighborhood if you want to live a little closer to the city center. The area has several shopping centers, like the Charlotte Premium Outlets, and nature preserves, like Berewick Park and Renaissance Park. This is a great area for renters with cars as there are several freeways, like I-485 and State Highway 49.
6. Harris – Houston
Average studio rent: $1,025
Average 1-bedroom rent: $1,481
Apartments for rent in Harris – Houston
Next up is Harris – Houston, the sixth-most affordable neighborhood in Charlotte. Harris – Houston is full of history and charm with tree-lined streets and creeks. This area also has plenty of parks, restaurants, and attractions, like the PNC Music Pavilion, so you’ll have lots to explore. Make sure to enjoy the outdoors at Kirk Farm Fields Park or grab a meal at one of the neighborhood restaurants. There’s something for everyone living in Harris – Houston.
7. Myers Park
Average studio rent: $1,329
Average 1-bedroom rent: $1,495
Apartments for rent in Myers Park
Nestled south of downtown, Myers Park is the seventh-most affordable neighborhood in Charlotte. Myers Park has a community feel, with plenty of local cafes and restaurants along Selwyn Avenue, such as Fenwick’s and Volo’s Ristorante. You can also check out some of Myers Park’s green spaces like Freedom Park or the historic landmarks like Elizabeth Lawrence House & Garden and The Duke Mansion.
Learn more about the Myers Park neighborhood in Charlotte.
8. NoDa
Average studio rent: $1,433
Average 1-bedroom rent: $1,452
Apartments for rent in NoDa
NoDa takes the eighth spot on our list of most affordable neighborhoods in Charlotte. The average rent for a one-bedroom unit is roughly $40 less than the city’s average, making NoDa a great option. It’s about 3 miles from downtown, so you’ll have the best city life without living in the city center. NoDa is home to the NoDa Historic Arts District and the Blackbox Theatre, meaning there’s plenty to do throughout the week. You’ll find countless historic buildings in NoDa, so make sure to explore the area’s charm. NoDa has a lot of local restaurants and bars along North Davidson Street, so there’s always something new to explore. If you need to commute to work, there are many options, as the Lynx Blue Line is nearby.
Learn more about the NoDa neighborhood in Charlotte.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.