A recent study revealed that Charlotte residents needed to make a little over $70,000 to rent a two-bedroom apartment.
Unfortunately in some areas, rent prices continue to rise.
As of April, the average rent for a one-bedroom apartment in Charlotte was $1,513. That’s up 11.12% from the past years.
Only 1% of Mecklenburg County apartments rent for less than $1,000 a month. This means very few apartments are now considered affordable by today’s standards.
If you are a renter, there are ways to negotiate your rent:
- Offer to sign a longer lease. Not having to find new tenants can be beneficial to landlords.
- Offer to pay more rent upfront. This can help lower monthly costs.
- Emphasis your value as a good tenant to your landlord. Sometimes good history with landlords can push them to negotiate prices.
- Compare prices of properties in the area.
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