Charlotte’s rental market remained tight this peak rental season, even though the metro saw one of the largest waves of new apartments in the country. For renters, the extra supply offered more listings to scroll through — but it didn’t translate into relief. With most people still choosing to stay put, newcomers continued to face crowded open houses, fast-moving listings, and limited availability.

Here’s what the data shows from the most recent Rental Competitiveness Report: • Apartment supply increased by 2.3% in recent months, up from 1.35% during the same period last year. But despite the influx, 62.5% of renters renewed their leases, a 1.4% uptick from last summer. This trend underscores how cautious tenants remain about moving. • As a result, occupancy hovered around 93%, showin

See Full Page