CHARLOTTE, N.C. – Charlotte renters are in for a big year: the Charlotte metro is anticipated to see one of the strongest apartment construction waves in the country in 2025.
But the Queen City itself stands out even more — ranking as the second-busiest city nationwide for new apartments planned this year, just behind Austin, TX.
Nationwide, more than half a million new rentals are expected to open in 2025, with the South claiming the lion’s share. North Carolina stands out as a major player — ranking #4 in the nation for new apartments this year.
Here are more insights from RentCafe.com’s Apartment Construction report:
- The Charlotte metro is projected to add 16,995 new apartments — more than Raleigh, Durham, Greensboro, Wilmington, and Asheville combined. The metro ranks 6th nationwide, just behind Atlanta (by 517 units) and slightly ahead of Miami.
- This activity reflects a 12.4% year-over-year increase, bucking the slowdown seen in many other metros. By contrast, Raleigh is expected to see a 44% decline, while Wilmington is projected to be down about 29%.
- At the city level, Charlotte shines even brighter: with 12,365 new apartments, it ranks 2nd nationwide, behind only Austin (15,195 units).
- Altogether, North Carolina is expected to add 35,502 apartments in 2025, with nearly half concentrated in Charlotte.
Let me know if you’d like me to share additional details on how Charlotte compares with other Southern metros, or if you’d like a quote from one of our experts.
