Rent Comparison: Charlotte vs. Atlanta apartment prices

Charlotte and Atlanta are continuously being in contrast. Whereas it’s changing into costlier to hire in each cities, rents in Charlotte are rising sooner than they’re in Atlanta.

What’s occurring: The nationwide common hire charge rose to $1,706 in July and up to date studies present Atlanta and Charlotte charges are comparatively shut in worth level, in keeping with RentCafe, an apartment-search web site.

Why it issues: Charlotte is listed as one of many prime 10 cities with the quickest metro-level hire development, in keeping with House Record.

• In a single yr, rental charges elevated 17% in Charlotte, making it the seventh highest yearly enhance in comparison with different metros. 
• Over the previous six months, Charlotte’s hire charges have elevated 9%, rating it quantity 10 amongst different metros.
• Atlanta skilled a ten% year-over-year enhance in rental charges, in keeping with a latest report.

The massive image: In response to RentCafe, hire costs fluctuate on a lot of components, with one in all them being location.

• Probably the most inexpensive neighborhood in Atlanta can be throughout the interior a part of town, Atlanta College Middle. The typical hire there may be $1,131. 
• Some of the inexpensive neighborhoods in Charlotte, which is farther away from the interior a part of town, Bradfield Farms, has a mean hire worth of $1,214. 
• In a few of the priciest neighborhoods in Atlanta (Buckhead Heights and Lennox), common rents are $2,477. That compares to $2,650 in Eastover, one in all Charlotte’s most costly neighborhoods.

The underside line: Whereas it’s typically cheaper to hire in Charlotte over Atlanta, rents listed here are hovering.

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