According to the latest Apartments.com Multifamily Rent Growth Report, average apartment rents in Charlotte fell 0.01% from June to July and are down 1.2% compared to July 2025.
Charlotte’s decline reflects a broader trend across many Sun Belt cities, where years of aggressive apartment construction have increased supply and eased pressure on renters.
Nationally, rents remained relatively stable during July, but growth has slowed considerably compared to recent years. Analysts say elevated apartment supply and more moderate demand continue to keep prices in check…