Cheap Homes for Rent in Charlotte, NC from $500 (332 Rentals)

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Search the lowest-cost Homes available for rent right now in Charlotte.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 321 Houston St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

3 Bedroom, 2 Bath Home for Rent

Available Now

321 Houston St

CharlotteNC28214

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 4243 Spring Oak Dr

$700 - $750

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $750

Total Monthly Price
$700 - $750

1 Bedroom, 0.5 Bath Home for Rent

Available Aug 1

4243 Spring Oak Dr

CharlotteNC28208

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Charlotte, NC Local Guide

Cheapest Neighborhoods for Apartments in Charlotte, NC

Pricing Updated: 07/18/2026

Current apartment rentals in the Charlotte, NC area range in price from $446 to $27,764 with an overall median price of $3,740. The three Charlotte neighborhoods with the lowest median rent pricing are Crowders View at $748, Fawnbrook at $825, and Capitol Drive at $801. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Charlotte Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Crowders View$1,350$74834
Fawnbrook$1,403$82536
Capitol Drive$1,437$801115
Rockwell Park Hemphill Heights$1,493$1,03817
Old Earnhardt$1,494$905157
Newtowne Estates$1,500$85041
Brookdale$1,515$1,08242
Back Creek Downs$1,525$650113
Heathwood$1,566$700157
Back Creek Church Road$1,590$65090

Cheapest Available Charlotte Apartments for Rent

 

The cheapest available apartment rental in Charlotte, NC is a 2 Beds unit found at Northlake Center Apartments in the Norwood at McIntyre neighborhood priced from $430. Rivergate Greene in the Steele Creek neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $526. Here is today’s list of the most affordable Charlotte apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northlake Center Apartments2 Bedroom2BR,1BA$430
Rivergate Greene3 Bedroom3BR,2BA$526
Pleasant View ApartmentsThe Waverly2BR,1BA$599
Ivy Hollow01Studio,1BA$799
The Mezzanine at Freedom ApartmentsEnderly1BR,1BA$801
Commons at University SquareA11BR,1BA$857
The Flats at ArrowoodA1Studio,1BA$861
The Flats at 2109 (Ashley Flats)B1 60% TU2BR,2BA$880
Wallace Townhomes2 Beds, 1.5 Baths2BR,1BA$885
Huntersville Apartment HomesStudioStudio,1BA$895

Best Value Apartments for Rent in Charlotte, NC

As of July 18, 2026 the best value apartment in the Charlotte area is the $0.68 price per square foot 3x2 Model at 8822 Addingham Dr in the in the Norwood at McIntyre neighborhood starting from $1,690. The second greatest value Charlotte apartment is the D1A Model at The Drake starting at $850 with a $0.59 price per square foot in the Back Creek Downs neighborhood. Here is today’s list of the best values for Charlotte apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8822 Addingham Dr3x23BR,3BA$0.68
The DrakeD1A4BR,4BA$0.59
Exchange at Steele Creek2BR/2.0BA2BR,2BA$1.03
Rise SunridgeA1 Bronze1BR,1BA$1.03
1501 Catherine Simmons Ave, Unit Number 11501 Catherine Simmons Ave2BR,1BA$1.10
Pleasant View ApartmentsThe Claymont3BR,1BA$0.67
Colville Condominiums2 Bed Student Rental2BR,2BA$0.84
Latitude 492 BEDROOM, 2 BATH2BR,2BA$0.77
Northlake Center Apartments2 Bedroom2BR,1BA$0.48
The Mezzanine at Freedom ApartmentsEnderly1BR,1BA$0.97

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods Near Charlotte Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Charlotte, NC | Find Charlotte Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Charlotte

What type of rentals are currently available in Charlotte?

There are currently 1687 Apartments for Rent in Charlotte, NC with pricing that ranges from $599 to $17,166. There are also 2747 Single Family Homes for rent, Condos, and Townhome rentals currently available in Charlotte ranging from $521 to $14,000.

What is the current price range for Rental Homes in Charlotte?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Charlotte ranges from $521 to $14,000 with an average monthly rent of $2,912.

How much are larger Three and Four Bedroom Rentals in Charlotte?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Charlotte range from $650 to $15,791, while Three Bedroom Homes, Condos, and Townhomes for rent range from $740 to $14,000. Four Bedroom Single-Family rentals are also available starting from $521 and Four Bedroom Apartments start at $769.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Charlotte, NC

Written by: Carrie Catalano

I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. I moved to the Triangle area of North Carolina in the summer of 2024 and have been exploring the state since.

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Expert's Guide to the Top Neighborhoods in Charlotte, NC for College Renters

Written by: Carrie Catalano

I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. Charlotte is an exciting place to live for anyone, but particularly for college students.

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Your Local Expert's Guide to Top Neighborhoods to Rent Near Charlottes Big Four Employers

Written by: Carrie Catalano

I'm Carrie, and I've been calling the Charlotte area home for a few years now.

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Authentic Charlotte: An Insider's Guide to the Queen Citys Neighborhoods and Quirks

Written by: Carrie Catalano

Hello from Charlotte, North Carolina! I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, and I'm thrilled to share the inside scoop on this incredible city that I've called home for over a decade.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.