Apartments for Rent in Shannon Park, Charlotte, NC

Shannon Park, Charlotte apartment availability

Shannon Park's rental market offers a good selection of listings, with an average of about 20 rentals available each month. The majority of these rentals are 3-bedroom apartments, followed by 2-bedroom apartments. Many of these apartments offer desirable amenities, including outdoor space, in-unit laundry, and dishwashers. Specifically, 58% of apartments in Shannon Park have outdoor space, while 48% have in-unit laundry and 44% have dishwashers. This makes Shannon Park a great option for renters looking for convenience and comfort in a suburban setting.

Shannon Park, Charlotte rental market trends

Shannon Park in Charlotte is experiencing a significant surge in rent prices, with the average monthly rent across all property types increasing by 13.5% year-over-year to $1,882 in 2024. The most notable jump is in 3-bedroom units, which have seen a 23.7% increase to $2,164 per month. In contrast, 1-bedroom units have experienced a more modest 3.5% increase to $730 per month.

The summer months, particularly July, are the most expensive time to rent in Shannon Park, with prices spiking by 19.8% compared to the lowest month, November. This trend suggests that renters looking for a more affordable option should consider searching during the off-season. Notably, studios are no longer available in the area, indicating a shift in the local rental market. Overall, Shannon Park's rental market is becoming increasingly competitive, with prices on the rise across most unit types.

Why Shannon Park, Charlotte is a great place to live

Shannon Park is a neighborhood that perfectly complements an active social lifestyle. Our analysis of the area reveals that its unique blend of characteristics makes it an ideal spot for those who value community and convenience. With a strong neighborhood population, excellent walk score, and frequent transit options, residents can easily connect with others and get around the city. Additionally, the area's well-maintained street infrastructure and emphasis on safety ensure a pleasant and secure living environment. For renters seeking a vibrant social scene, Shannon Park is an excellent choice, offering ample opportunities to engage with the community and make the most of urban living.