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A recent study by NerdWallet reveals that renting has become more expensive, especially since the pandemic, with Charlotte being no exception.
The US Census Bureau data shows that over 35% of households in the US rent homes.
Tips on negotiating rent down are shared by WCNC Charlotte to help alleviate the financial burden.
Renters spending over 50% of their income on rent are considered severely rent burdened.
According to apartments.com, as of March 2024, the average rent in Charlotte is $1,415 per month.
Kate Terhune from Rent suggests making a list of must-haves and nice-to-haves when apartment hunting and leveraging negotiation power as a current resident when renewing leases.
