Photo: Alexis Clinton/Axios
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
Photo: Alexis Clinton/Axios
The Edge
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
Photo: Alexis Clinton/Axios
Broadstone Optimist Park
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
Photo: Alexis Clinton/Axios
NOVEL University Place
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
Photo: Alexis Clinton/Axios
Elan Research Park
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
