Best Affordable Neighborhoods in Charlotte, NC
Some of the cheapest neighborhoods in Charlotte are West Blvd, The Oasis at Regal Oaks, 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 December 23, 2025, the average rent in Charlotte is $1,458, which is 1.8% 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.
West Blvd
Average Rent
$949/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
42/100
Units Available
34 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out West Blvd. The average rent is $949, compared to the city average of $1,458. Rent prices have increased by 1.5%. West Blvd is convenient to Johnson & Wales U., Charlotte, Johnson C Smith University, and Discovery Place. The community is car-dependent with a WalkScore® of 46.
The Oasis at Regal Oaks
Average Rent
$1,013/Month
TransitScore® Rating
42/100
Units Available
22 Rentals
The Oasis at Regal Oaks is an affordable neighborhood in Charlotte with an average rent price of $1,013. Compare this to the city average of $1,458. The Oasis at Regal Oaks provides easy access to Frutas, Discovery Place, and Concord-Padgett Regional. It’s a car-dependent neighborhood with a WalkScore® of 45.
Hidden Valley Estates
Average Rent
$1,021/Month
Units Available
11 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 $1,021, while the city’s average stands at $1,458. Hidden Valley Estates is near Northgate Square, RibbonWalk Nature Preserve, and Sugar Creek Station.
Park Fairfax
Average Rent
$1,023/Month
TransitScore® Rating
34/100
Units Available
20 Rentals
Park Fairfax is a top choice for budget-conscious renters for a variety of reasons. The average rent in Park Fairfax is $1,023 while the city average is $1,458. Residents enjoy convenient access to Latta Plantation Nature Center, Johnson C. Smith University Citylynx, and French St Citylynx. The neighborhood is considered car-dependent with a WalkScore® of 2.
Wexford
Average Rent
$1,024/Month
Units Available
11 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out Wexford. The average rent is $1,024, compared to the city average of $1,458. Wexford is convenient to University City Blvd Station, Wexford Plaza, and Rowan-Cabarrus, South Campus.
Preserve at Lake Forest
Average Rent
$1,029/Month
TransitScore® Rating
42/100
Units Available
33 Rentals
Preserve at Lake Forest is an affordable neighborhood in Charlotte with an average rent price of $1,029. Compare this to the city average of $1,458. Preserve at Lake Forest provides easy access to Frutas, Sunnyside St Citylynx, and Charlotte/Douglas International. It’s a somewhat walkable neighborhood with a WalkScore® of 52.
Lake Forest
Average Rent
$1,029/Month
TransitScore® Rating
37/100
Units Available
31 Rentals
If you’re looking for a great, affordable neighborhood in Charlotte, Lake Forest might be the perfect place! It has an average rent price of $1,029, while the city’s average stands at $1,458. Lake Forest is near Campbell Creek Greenway, Frutas, and Evergreen Nature Preserve.
Four Seasons
Average Rent
$1,041/Month
Units Available
48 Rentals
Four Seasons is a top choice for budget-conscious renters for a variety of reasons. The average rent in Four Seasons is $1,041 while the city average is $1,458. Residents enjoy convenient access to Frutas, 36Th St Station, and Campbell Creek Greenway.
Farm Pond
Average Rent
$1,047/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
40/100
Units Available
53 Rentals
When you’re looking for a great Charlotte neighborhood on a budget, check out Farm Pond. The average rent is $1,047, compared to the city average of $1,458. Rent prices have increased by 2.9%. Farm Pond is convenient to Four Seasons Plaza, Old Concord Road Station, and Campbell Creek Greenway. The community is somewhat walkable with a WalkScore® of 57.
Westchester
Average Rent
$1,047/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
34/100
Units Available
34 Rentals
Westchester is an affordable neighborhood in Charlotte with an average rent price of $1,047. Compare this to the city average of $1,458. In the past year, rent prices have increased by 0.8%. Westchester provides easy access to Tuckaseegee Shopping Center, E-Corps Expeditions Inc., and Concord-Padgett Regional. It’s a car-dependent neighborhood with a WalkScore® of 11.
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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.