Most Affordable Neighborhoods in Charlotte, NC
Some of the cheapest neighborhoods in Charlotte are The Oasis at Regal Oaks, West Blvd, and Hidden Valley Estates. These neighborhoods offer some of the lowest rent prices in Charlotte, making them ideal for renters on a budget. As of June 14, 2025, the average rent in Charlotte is $1,496, which is 1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
The Oasis at Regal Oaks
Average Rent
$922/Month
TransitScore® Rating
42/100
Units Available
12 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out The Oasis at Regal Oaks. The average rent is $922, compared to the city average of $1,496. The Oasis at Regal Oaks is convenient to Evergreen Nature Preserve, Hawthorne Ln & 8Th St Citylynx, and Four Seasons Plaza. The community is car-dependent with a WalkScore® of 45.
West Blvd
Average Rent
$962/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
42/100
Units Available
56 Rentals
West Blvd is an affordable neighborhood in Charlotte with an average rent price of $962. Compare this to the city average of $1,496. In the past year, rent prices have increased by 2%. West Blvd provides easy access to New Bern Station, Central Piedmont C.C., Central, and Johnson C Smith University. It’s a car-dependent neighborhood with a WalkScore® of 46.
Hidden Valley Estates
Average Rent
$990/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Charlotte, Hidden Valley Estates might be the perfect place! It has an average rent price of $990, while the city’s average stands at $1,496. Hidden Valley Estates is near Old Concord Road Station, University City Blvd Station, and Nation Square.
Tree Top Condominiums
Average Rent
$1,016/Month
TransitScore® Rating
36/100
Units Available
32 Rentals
Tree Top Condominiums is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tree Top Condominiums is $1,016 while the city average is $1,496. Residents enjoy convenient access to Brixham Park, Tyvola Station, and Value Village. The neighborhood is considered car-dependent with a WalkScore® of 24.
Westchester
Average Rent
$1,022/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
34/100
Units Available
25 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out Westchester. The average rent is $1,022, compared to the city average of $1,496. Rent prices have increased by 1.4%. Westchester is convenient to Paw Creek Crossing, Johnson & Wales U., Charlotte, and Bruns Ave Citylynx. The community is car-dependent with a WalkScore® of 11.
Becton Park
Average Rent
$1,029/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
24/100
Units Available
31 Rentals
Becton Park is an affordable neighborhood in Charlotte with an average rent price of $1,029. Compare this to the city average of $1,496. In the past year, rent prices have decreased by 7.7%. Becton Park provides easy access to Concord-Padgett Regional, Tom Hunter Station, and 36Th St Station. It’s a car-dependent neighborhood with a WalkScore® of 45.
Preserve at Lake Forest
Average Rent
$1,029/Month
TransitScore® Rating
42/100
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Charlotte, Preserve at Lake Forest might be the perfect place! It has an average rent price of $1,029, while the city’s average stands at $1,496. Preserve at Lake Forest is near Evergreen Nature Preserve, Discovery Place, and Mint Hill Veteran's Park.
Lake Forest
Average Rent
$1,029/Month
TransitScore® Rating
37/100
Units Available
31 Rentals
Lake Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Forest is $1,029 while the city average is $1,496. Residents enjoy convenient access to Queens University of Charlotte, Albemarle East Shopping Center, and Reedy Creek Nature Center & Preserve. The neighborhood is considered car-dependent with a WalkScore® of 27.
Marlborough Woods
Average Rent
$1,053/Month
Units Available
13 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out Marlborough Woods. The average rent is $1,053, compared to the city average of $1,496. Marlborough Woods is convenient to Charlotte Nature Museum, French St Citylynx, and Johnson C. Smith University Citylynx.
Westerly Hills
Average Rent
$1,070/Month
TransitScore® Rating
39/100
Units Available
14 Rentals
Westerly Hills is an affordable neighborhood in Charlotte with an average rent price of $1,070. Compare this to the city average of $1,496. Westerly Hills provides easy access to Wesley Heights Citylynx, City View Shopping Center, and Waterfall Business Center. It’s a car-dependent neighborhood with a WalkScore® of 35.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.