Average Rent in 28216, Mecklenburg County, NC

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Current Versus Historical 28216, Mecklenburg County, NC Rents

28216 rentals average $1,175 for a 2-bedroom rental to $2,693 for a 4-bedroom rental. The median price of all currently available listings is $1,850, or roughly $1 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $1,566 (-51.07%) year-over-year from $3,066 to $1,500. 1-bedroom rentals prices have decreased by $1,111 (-62.21%) year-over-year from $1,786 to $675. 2-bedroom rentals prices have decreased by $706 (-37.52%) year-over-year from $1,881 to $1,175. 3-bedroom rentals prices have increased by $151 (8.62%) year-over-year from $1,749 to $1,900. 4-bedroom rentals prices have increased by $137 (6.07%) year-over-year from $2,253 to $2,390. 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 10.00% this month. 1-bedroom rents have gone down by 41.49% this month. 2-bedroom rents have gone down by 23.14% this month. 3-bedroom rents have gone up by 6.54% this month. 4-bedroom rents have gone up by 4.52% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $1.35 $1,175 $1,881 (-37.52%) $1,492 (-21.24%)
3 BR $1.30 $1,900 $1,749 (8.62%) $1,516 (25.36%)
4+ BR $1.15 $2,390 $2,253 (6.07%) $1,754 (36.29%)

Historical Rents in 28216, Mecklenburg County, NC

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 28216

There are a total of 1 cities nearby 28216. The average rent in 28216 is currently $2,000 per month. Our records show that Charlotte, NC, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near 28216, Mecklenburg County, NC is Charlotte, NC. Monthly rents here are on average $2,000 per month.

Let's compare 28216, Mecklenburg County, NC's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in 28216, Mecklenburg County, NC are about 48.51% more affordable. Finally, rent for three bedrooms are about 15.79% more affordable. Want more information? Check out the top 1 cities near 28216, Mecklenburg County, NC in the following chart.
City Studio 1 Bed 2 Bed All
Charlotte, NC N/A $1,525 $1,745 $2,000

Top Neighborhoods Near 28216



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 28216

The average rent for rentals in these counties is $2,048. That's roughly around $1 per sqft. The county that is the most affordable is Iredell, NC. It's average rent per month is $1,995. Vice versa, with an average rent of $2,100, Mecklenburg, NC is the most expensive county by 28216, Mecklenburg County, NC.

In comparison, rent for one bedroom listings in 28216, Mecklenburg County, NC is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 28216, Mecklenburg County, NC is 36.17% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Iredell, NC N/A $1,000 $1,450 $1,995
Mecklenburg, NC N/A $1,538 $1,750 $2,100

Top Zipcodes Near 28216



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - 28216 Average Rents

What is the average rent price in 28216, Mecklenburg County, NC?
The average monthly rental price for 28216, Mecklenburg County, NC apartments for rent is approximately $1,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 28216, Mecklenburg County, 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 28216, Mecklenburg County, NC.
How much is a studio apartment in 28216, Mecklenburg County, 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 0 studio apartment listings currently available for rent in 28216.
How much is a one bedroom apartment in 28216, Mecklenburg County, NC?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in 28216.
How much is a two bedroom apartment in 28216, Mecklenburg County, NC?
The average monthly rental price for two bedroom apartments is $1,175 and an average price per square feet of $1.35. There are a total of 3 two bedroom apartment listings currently available for rent in 28216.
How have rent prices in 28216, Mecklenburg County, NC changed this year?
Rent prices for rentals in 28216, Mecklenburg County, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.51%, one bedroom rental prices have changed by -0.62%, two bedroom rental prices have changed by -0.38%, and three bedroom rental prices have changed by 0.09% year-over-year.
What is a reasonable rent price in 28216, Mecklenburg County, NC?
A reasonable rent price in 28216, Mecklenburg County, NC is around $1,480/month. You can search for these reasonably priced rental listings on RentHop.
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