Apartments for Rent in Newell, Charlotte, NC

Newell, Charlotte apartment availability

Newell's rental market offers a good selection of listings, with an average of 44 rentals available each month in 2024. The neighborhood's inventory is comprised mostly of 3-bedroom apartments, followed by 2-bedroom and 1-bedroom units. A notable feature of Newell's rentals is that nearly half of them are pet-friendly, with some allowing dogs and others having restrictions. This makes Newell a suitable option for renters with pets. With a range of bedroom sizes and pet-friendly options, Newell is worth considering for those looking for a rental in Charlotte.

Newell, Charlotte rental market trends

The Newell neighborhood in Charlotte saw a modest increase in average rent prices in 2024, with a year-over-year growth of approximately 0.9%. The average monthly rent for all bed types and properties stands at around $1,913. Breaking it down by bed count, 1-bedrooms experienced a significant decrease of about 20% to an average of $834 per month. In contrast, 2-bedrooms saw a notable increase of nearly 10% to an average of $1,791 per month. The average rent for 3-bedrooms remained relatively stable, increasing by about 0.4% to $1,898 per month.

In terms of seasonal trends, July tends to be the most expensive month to rent in Newell, with prices about 9.9% higher than in October, the month with the lowest average rent. If you're looking for a new apartment, October may be a good time to find a deal. Keep in mind that the rental market can be competitive, especially during the summer months.

Why Newell, Charlotte is a great place to live

Newell is a top choice for renters who prioritize pet friendliness and social living. According to 2024 data, apartments in Newell often feature pet-friendly amenities such as outdoor space, pet-safe windows, and no breed restrictions, making it an ideal neighborhood for pet owners. Additionally, the neighborhood's walk score, transit frequency, and safety features contribute to its high social life score, making it easy for residents to get out and about with friends. With a mix of neighborhood age distribution and well-maintained street infrastructure, Newell offers a unique blend of community and convenience. Whether you're a pet owner or a social butterfly, Newell is a great place to call home.