Cheap Homes for Rent in Charlotte, NC from $500 (281 Rentals)

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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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 5072 Parkview Way

$800

1 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5072 Parkview Way

MatthewsNC28104

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Charlotte, NC Local Guide

Cheapest Neighborhoods for Apartments in Charlotte, NC

Pricing Updated: 01/04/2026

Current apartment rentals in the Charlotte, NC area range in price from $500 to $11,000 with an overall median price of $3,013. The three Charlotte neighborhoods with the lowest median rent pricing are Winthrop University at $1,100, Hudson Estates at $1,299, and Short Street at $1,450. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Charlotte Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Winthrop University$1,125$1,1002
Hudson Estates$1,299$1,2991
Short Street$1,450$1,4501
South Corban Avenue$1,500$1,3552
Spencer Estates$1,500$1,4952
North Historic Concord$1,529$8506
Old Concord Middle School$1,529$1,3554
Hartsell School$1,537$1,4502
Charles Gray$1,550$1,5501
Paddington Drive$1,595$1,5951

Cheapest Available Charlotte Apartments for Rent

 

The cheapest available apartment rental in Charlotte, NC is a Studio unit found at Union at Tryon in the Mineral Springs neighborhood priced from $498. Archdale Senior in the Yorkmount neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $535. Here is today’s list of the most affordable Charlotte apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union at TryonStudio, 1 Bath, 521 Sq. Ft.Studio,1BA$498
Archdale SeniorA2.1-30%-PBV-TU1BR,1BA$535
Pleasant View ApartmentsThe Waverly2BR,1BA$624
The Mezzanine at Freedom ApartmentsEnderly1BR,1BA$771
The Apartments at Sailboat BayStudioStudio,1BA$789
Walden Station3 Bedroom Handicap1BR,1BA$800
The Flats at ArrowoodA1Studio,1BA$819
Arcadian Village1.1 Flat1BR,1BA$850
TOWNES AT UNIVERSITYAlexander1BR,1BA$878
Winslow ApartmentsA1 ClassicStudio,1BA$890

Best Value Apartments for Rent in Charlotte, NC

As of January 04, 2026 the best value apartment in the Charlotte area is the $1.06 price per square foot 4BR/3.5BA Model at Towns at Rocky River in the in the Back Creek Downs neighborhood starting from $2,350. The second greatest value Charlotte apartment is the 2 Bedroom Model at Spire Apartments starting at $1,653 with a $1.02 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.
Towns at Rocky River4BR/3.5BA4BR,3.5BA$1.06
Spire Apartments2 Bedroom2BR,2BA$1.02
Yugo Charlotte College Downs4 Bed, 4 Bath4BR,4BA$0.51
Arwen VistaBerwyn2BR,2BA$1.11
Hyde Glen2BR/2.0BA2BR,2BA$1.20
Woodland HollowThe Iris2BR,1.5BA$1.19
Maple RunThe Montford2BR,1.5BA$1.18
Latitude 492 BEDROOM, 2 BATH2BR,2BA$0.85
Pleasant View ApartmentsThe Waverly2BR,1BA$0.70
The Mezzanine at Freedom ApartmentsEnderly1BR,1BA$0.93

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Charlotte, NC Rentals by Map

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See the most popular apartments and homes in Charlotte, NC

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Frequently Asked Questions about Charlotte

What type of rentals are currently available in Charlotte?

There are currently 1733 Apartments for Rent in Charlotte, NC with pricing that ranges from $498 to $25,200. There are also 3022 Single Family Homes for rent, Condos, and Townhome rentals currently available in Charlotte ranging from $525 to $11,000.

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 $525 to $11,000 with an average monthly rent of $2,766.

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 $709 to $16,112, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $9,500. Four Bedroom Single-Family rentals are also available starting from $1,329 and Four Bedroom Apartments start at $750.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.