Aug 4, 2023 - Real Estate

18 new apartments in Charlotte with rent specials including six weeks free

Signing a lease for a newly built apartment could help you pocket a little extra cash for at least a month and a half.

If you’re on the hunt for an apartment, right now might be the time to catch some deals.

Zoom out: Nationwide rent growth is decelerating as sluggish demand collides with a strong incoming supply of new apartments, according to Apartment List. 

Why it matters: Newly constructed apartments are sprouting up all over in Charlotte — but these properties don’t always fill up as quickly as they are being built.

  • Locally, the vacancy rate stands at 8.5%, up 2.8 percentage points from this time last year, per Apartment List.

Bottomline: Property owners may have to compete with a smaller pool of tenants, similar to the early part of the pandemic. One way to entice apartment hunters is through move-in specials.  

  • In 2020, there were at least 23 apartments offering up to two months of free rent. Now we’re seeing similar deals.

Here are 18 brand-new apartments that are offering specials in Charlotte.  

SOUTH END/LOSO 

Miller & York

Location: 235 Verbena St.

Deal: Up to six weeks free.

Monthly rent:

  • Studio: starting at $1,406
  • One bedroom: starting at $1,630
  • Two bedroom: starting at $2,237
Photo: Alexis Clinton/Axios

The Aritzia

Location: 200 E Cama St.

Deal: One month of free rent and a $500 gift card.

Monthly rent:

  • One bedroom: starting at $1,675
  • Two bedroom: starting at $2,599

The Edge

Photo: Alexis Clinton/Axios

Location: 2705 Haverford Pl.

Deal: Depending on availability they’ll offer discounted rates on studio and one-bedroom units.

Monthly rent:

  • Studio: starting at $1,810
  • One bedroom: starting at $2,050
  • Two bedroom: starting at $2,775

The Prospect

Location: 1115 S Mint St.

Deal: One-month free rent

Monthly rent:

  • Studio: starting at $1,659
  • One bedroom: starting at $1,911
  • Two bedroom: starting at $3,031

MIDTOWN/OPTIMIST PARK

Neighborhoods include Midtown, Optimist Park and Belmont.

Solis Midtown

Location: 1133 Harding Pl.

Deal: Up to six weeks free.

Monthly rent:

  • Studio: starting at $1,600
  • One bedroom: starting at $2,054
  • Two bedroom: starting at $2,639
  • Three bedroom: starting at $3,950

Broadstone Optimist Park

Photo: Alexis Clinton/Axios

Location: 2010 N Brevard St.

Deal: Up to six weeks of free rent.

Monthly rent:

  • Studio: starting at $1,508
  • One bedroom: starting at $1,575
  • Two bedroom: starting at $2,290

Alta Filament

Location: 525 E 21st St.

Deal: Six weeks free on two-bedroom apartments and one month free on a one-bedroom apartment.

Monthly rent:

  • One bedroom: starting at $1,640
  • Two bedroom: starting at $2,189

Mill House

Location: 1115 Seigle Ave.

Deal: Six weeks of free rent.

Monthly rent:

  • Call for specific pricing details, but they offer floor plans for one, two and three bedrooms units.

NORTH CHARLOTTE

Neighborhoods include University City, Research Park and Mallard Creek.

The Oliver

Location: 3020 Gloryland Ave.

Deal: Up to six weeks free.

Monthly rent: 

  • Studio: starting at $1,385
  • One bedroom: starting at $1,395
  • Two bedroom: starting at $1,725

NOVEL University Place

Photo: Alexis Clinton/Axios

Location: 5315 Waters Edge Village Dr.

Deal: Four weeks are free for 13-18 month lease terms.

Monthly rent:

  • Studio: starting at $1,440
  • One bedroom: starting at $1,565
  • Two bedroom: starting at $2,085
  • Three bedroom: starting at $2,955

Alexan Research Park

Location: 9821 Research Dr.

Deal: Up to six weeks free. 

Monthly rent: 

  • One bedroom: starting at $1,420
  • Two bedroom: starting at $1,780
  • Three bedroom: starting at $2,420

Elan Research Park

Photo: Alexis Clinton/Axios

Location: 5200 Oxford Pond Dr.

Deal: Free rent for six weeks.

Monthly rent: 

  • Studio: starting at $1,325
  • One bedroom: starting at $1,394
  • Two bedroom: starting at $1,803
  • Three bedroom: starting at 2,597

Optima Mallard Creek

Location: 930 W Mallard Creek Church Road

Deal: One month of free rent.

Monthly rent

  • One bedroom: starting at $1,475
  • Two bedroom: starting at $1,684

The Kendry

Location: 8402 IBM Dr.

Deal: One month of free rent. 

Monthly rent:

  • One bedroom: starting at $1,356
  • Two bedroom: starting at $1,727
  • Three bedroom: starting at $2,132

Wellen

Location: 305 Prine Pl.

Deal: Up to one and a half months of free rent.

Monthly rent:

  • Studio: starting at $1,332
  • One bedroom: starting at $1,441 
  • Two bedroom: starting at $1,788
  • Three bedroom: starting at $2,275

The Henry

Location: 346 W 26th St.

Deal: One month of free rent.

Monthly rent:

  • Studio: starting at $1,37
  • One bedroom: starting at $1,410
  • Two bedroom: starting at $1,845

SOUTH CHARLOTTE

Solis Millenium

Location: 5306 Acadia Heights Dr.

Deal: One month of free rent.

Monthly rent:

  • Studio: starting at $1,480
  • One bedroom: starting at $1,630
  • Two bedroom: starting at $1,920
  • Three bedroom: starting at $2,295

Tapestry Tyvola

Location: 2051 Establishment Way

Deal: One and a half months of free rent for 13- to 15-month lease terms.

Monthly rent:

  • One bedroom: starting at $1,475
  • Two bedroom: starting at $1,775
  • Three bedroom: starting at $2,590
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