Madison Park, Charlotte, NC Rental Market Trends

The average rent for an apartment in Madison Park, Charlotte, NC is $1,863 ($2.46 per sqft), based on a survey of 249 rental listings in Madison Park, Charlotte, NC conducted by Hello Data, Inc. on May 28, 2023. This is -1% below the national average rent of $1,875 ($1.87 per sqft). The following graphs show how average rent varies based on number of bedrooms, square footage, quality and location:

Average rent in Madison Park, Charlotte, NC by Number of Bedrooms

The average rent for an apartment listing in Madison Park, Charlotte, NC ranges from $1,408 ($3.42 per sqft) for studios to $2,923 ($1.88 per sqft) for 3BR units in Madison Park, Charlotte, NC. The chart below shows the average rent in Madison Park, Charlotte, NC for apartments by number of bedrooms:

Average apartment size in Madison Park, Charlotte, NC

The average apartment size in Madison Park, Charlotte, NC is 758 sqft, which is -24% below the U.S. national average apartment size of 1,003 sqft. This graph illustrates average size in Madison Park, Charlotte, NC for each unit type:

Average Rent in Charlotte, NC by Neighborhood

There are 80 neighborhoods in Charlotte, NC . Ballantyne East is the most expensive neighborhood, with an average rent of $2,846 ($1.97 per sqft), and Westchester is the most affordable neighborhood in Charlotte, NC , with an average rent of $1,200 ($1.58 per sqft). The following tables show the Top 5 neighborhoods in Charlotte, NC by average rent and the top 5 most affordable neighborhoods in Charlotte, NC by average rent:

Top 5 most expensive neighborhoods in Charlotte, NC by average rent:

Neighborhood
$2,846 avg. rent
$1.97 per sqft
$2,300 avg. rent
$2.07 per sqft
$2,290 avg. rent
$1.34 per sqft
$2,195 avg. rent
$1.88 per sqft
$2,150 avg. rent
$1.60 per sqft

Top 5 most affordable neighborhoods in Charlotte, NC by average rent:

Neighborhood
$1,258 avg. rent
$1.45 per sqft
$1,258 avg. rent
$1.57 per sqft
$1,251 avg. rent
$1.80 per sqft
$1,224 avg. rent
$1.53 per sqft
$1,200 avg. rent
$1.58 per sqft

Average Rent in Charlotte, NC by Zip Code

There are 27 zip codes in Charlotte, NC . 28134 is the most expensive zip code, with an average rent of $2,700 ($1.42 per sqft), and 28212 is the most affordable zip code in Charlotte, NC , with an average rent of $1,405 ($1.66 per sqft). The following tables show the Top 5 zip codes in Charlotte, NC by average rent and the top 5 most affordable zip codes in Charlotte, NC by average rent:

Top 5 most expensive zip codes in Charlotte, NC by average rent:

Zip Code
$2,700 avg. rent
$1.42 per sqft
$2,515 avg. rent
$2.30 per sqft
$2,177 avg. rent
$2.63 per sqft
$2,141 avg. rent
$1.85 per sqft
$1,965 avg. rent
$1.69 per sqft

Top 5 most affordable zip codes in Charlotte, NC by average rent:

Zip Code
$1,599 avg. rent
$1.51 per sqft
$1,596 avg. rent
$1.84 per sqft
$1,572 avg. rent
$1.56 per sqft
$1,523 avg. rent
$1.63 per sqft
$1,405 avg. rent
$1.66 per sqft

Average Apartment Listing Volume and Average Time on Market in Madison Park, Charlotte, NC

Average number of days on market in Madison Park, Charlotte, NC

The average listing remains on the market for 10 days in Madison Park, Charlotte, NC. This is equal to the national average time on market of 10 days for apartment listings. The chart below shows how many units remain on the market by number of days in Madison Park, Charlotte, NC:

Available Apartments in Madison Park, Charlotte, NC by Unit Type

On May 28, 2023 Hello Data, Inc. surveyed 249 active apartment listings in Madison Park, Charlotte, NC. The graph below shows the breakdown of multifamily units listed by bedroom count:

Frequently Asked Questions – Madison Park, Charlotte, NC Average Rents

What are the most affordable neighborhoods in Charlotte, NC?

The most affordable neighborhoods in Charlotte, NC are Westchester, where the average rent is $1,200 ($1.58 per sqft) and Farm Pond, where renters pay $1,224 ($1.53 per sqft) per month on average.

What are the most expensive neighborhoods in Charlotte, NC?

The most expensive neighborhoods in Charlotte, NC are Ballantyne East, with an average rent of $2,846 ($1.97 per sqft) and Providence Crossing, with an average rent of $2,300 ($2.07 per sqft) per month.

What are the most popular neighborhoods in Charlotte, NC?

The most popular neighborhoods in Charlotte, NC are Downtown Charlotte, with 467 active listings as of May 28, 2023 and Madison Park, with 250 active listings as of May 28, 2023.

How much is a Studio apartment in Madison Park, Charlotte, NC?

The average monthly rental price for Studio apartments in Madison Park, Charlotte, NC is $1,408 ($3.42 per sqft).

How much is a 1 Bedroom apartment in Madison Park, Charlotte, NC?

The average monthly rental price for 1 Bedroom apartments in Madison Park, Charlotte, NC is $1,730 ($2.95 per sqft).

How much is a 2 Bedroom apartment in Madison Park, Charlotte, NC?

The average monthly rental price for 2 Bedroom apartments in Madison Park, Charlotte, NC is $2,177 ($1.95 per sqft).

How much is a 3 Bedroom apartment in Madison Park, Charlotte, NC?

The average monthly rental price for 3 Bedroom apartments in Madison Park, Charlotte, NC is $2,923 ($1.88 per sqft).

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