How much does it cost to rent at The Penrose?

Rent at The Penrose in Charlotte, NC ranges from $1,835 to $3,112 per month as of August 18, 2026.

What is the average 1 bed rent at The Penrose?

The average 1 bed apartment at The Penrose costs $2,006/month, starting from $1,835.

What is the average 2 bed rent at The Penrose?

The average 2 bed apartment at The Penrose costs $2,782/month, starting from $2,657.

Is The Penrose a good apartment complex?

The Penrose has a 4.3-star rating on Google based on 224 reviews.

Updated August 18, 2026 at 6:28 a.m. ET

The Penrose

Name: The Penrose
Address: 327 W Tremont Ave, Charlotte, NC, 28203, US
Telephone: (833) 269-3246
Rating: 4.3

327 W Tremont Ave, Charlotte, NC 28203, USA

4.3 (224 reviews) Official Website (833) 269-3246

Live pricing, refreshed August 18, 2026 at 6:28 a.m. ET

Units Listed

$1,835

Starting at

$2,209

Average

$3,112

Highest

$2.73

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Dilworth rent trends

Beds

Pricing by Bedroom

1 Bed

$2,006

from $1,835 · 17 units

~714 sqft avg

2 Bed

$2,782

from $2,657 · 6 units

~1,084 sqft avg

Specials Available 23 units

4 Weeks Free

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (30)

Largest 8 movers of 30

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$853K

$10M annual run rate

Modeled estimate

Est. Occupancy

94%

of about 383 units (modeled from leasing activity)

Effective Rent on New Leases

$2,370

vs $2,209 current asking

Recent Lease Activity

87 units tracked; 64 assumed leased, 23 listed now

See which units leased, when they left the market, and the rent they leased at.

Unlock with Pro

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Good availability

8 floor plans

Move-in Specials

23 units with active promos

Use competing promos as leverage

Negotiation Leverage

Strong leverage

High availability and active promos suggest this building is eager to fill units.

Price vs. Dilworth

Neighborhood

The Carson

$1,352 The Winston

$1,359 District Flats at Summit and Church Apartments

$1,389 Selene at Southline

$1,435 Hanover South End

$1,497 Avalon South End

$1,500 The Crown of Queen City

$1,552 The Paces South End Apartments

$1,570 Hawkins Press

$1,584 The Atherton

$1,600

The Penrose

$1,835

Comparing 11 apartments in Dilworth. Click any bar to view that building.

See Dilworth rent trends on the Charlotte, NC map Explore Charlotte, NC on the interactive map

Available Units

Sort

23 units

1 Bed / 1 Bath A2

$1,835/mo

664 ft² · $2.76/ft² · #10

4 Weeks Free

Up $33 since Aug 9 (was $1,802)

1 Bed / 1 Bath A2

$1,860/mo

668 ft² · $2.78/ft² · #11

4 Weeks Free

Up $43 since Aug 9 (was $1,817)

1 Bed / 1 Bath A2

$1,870/mo

664 ft² · $2.82/ft² · #8

4 Weeks Free

Down $62 since Aug 9 (was $1,932)

1 Bed / 1 Bath A2

$1,889/mo

678 ft² · $2.79/ft² · #6

4 Weeks Free

Down $143 since Aug 9 (was $2,032)

1 Bed / 1 Bath A2

$1,890/mo

678 ft² · $2.79/ft² · #9

4 Weeks Free

Up $70 since Aug 18 (was $1,820)

1 Bed / 1 Bath A1

$1,914/mo

645 ft² · $2.97/ft² · #1

4 Weeks Free

Up $18 since Aug 9 (was $1,896)

1 Bed / 1 Bath A1

$1,935/mo

645 ft² · $3.00/ft² · #2

4 Weeks Free

Up $18 since Aug 9 (was $1,917)

1 Bed / 1 Bath A2

$1,950/mo

678 ft² · $2.88/ft² · #7

4 Weeks Free

Up $79 since Aug 9 (was $1,871)

1 Bed / 1 Bath A2

$1,965/mo

678 ft² · $2.90/ft² · #12

4 Weeks Free

Up $123 since Aug 9 (was $1,842)

1 Bed / 1 Bath A3

$1,972/mo

723 ft² · $2.73/ft² · #13

4 Weeks Free

Up $18 since Aug 9 (was $1,954)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
10	A2	1bd / 1ba	664	$1,835	$2.76	--	Pro	4 Weeks Free Up $33 since Aug 9
11	A2	1bd / 1ba	668	$1,860	$2.78	--	Pro	4 Weeks Free Up $43 since Aug 9
8	A2	1bd / 1ba	664	$1,870	$2.82	--	Pro	4 Weeks Free Down $62 since Aug 9
6	A2	1bd / 1ba	678	$1,889	$2.79	--	Pro	4 Weeks Free Down $143 since Aug 9
9	A2	1bd / 1ba	678	$1,890	$2.79	--	Pro	4 Weeks Free Up $70 since Aug 18
1	A1	1bd / 1ba	645	$1,914	$2.97	--	Pro	4 Weeks Free Up $18 since Aug 9
2	A1	1bd / 1ba	645	$1,935	$3.00	--	Pro	4 Weeks Free Up $18 since Aug 9
7	A2	1bd / 1ba	678	$1,950	$2.88	--	Pro	4 Weeks Free Up $79 since Aug 9
12	A2	1bd / 1ba	678	$1,965	$2.90	--	Pro	4 Weeks Free Up $123 since Aug 9
13	A3	1bd / 1ba	723	$1,972	$2.73	--	Pro	4 Weeks Free Up $18 since Aug 9
15	A3	1bd / 1ba	723	$1,978	$2.74	--	Pro	4 Weeks Free Down $20 since Aug 18
16	A3	1bd / 1ba	723	$1,998	$2.76	--	Pro	4 Weeks Free Up $66 since Aug 18
14	A3	1bd / 1ba	723	$2,002	$2.77	--	Pro	4 Weeks Free Up $48 since Aug 9
5	A2	1bd / 1ba	678	$2,050	$3.02	--	Pro	4 Weeks Free Down $87 since Aug 9
3	A1	1bd / 1ba	743	$2,128	$2.86	--	Pro	4 Weeks Free Up $18 since Aug 9
4	A2	1bd / 1ba	691	$2,155	$3.12	--	Pro	4 Weeks Free Up $72 since Aug 9
20	B3	2bd / 2ba	1,025	$2,657	$2.59	--	Pro	4 Weeks Free
21	B3	2bd / 2ba	1,025	$2,667	$2.60	--	Pro	4 Weeks Free
19	B2	2bd / 2ba	1,080	$2,712	$2.51	--	Pro	4 Weeks Free
23	B4LW	1bd / 1ba	1,136	$2,713	$2.39	--	Pro	4 Weeks Free
17	B1	2bd / 2ba	1,035	$2,752	$2.66	--	Pro	4 Weeks Free Down $72 since Aug 18
18	B2	2bd / 2ba	1,080	$2,792	$2.59	--	Pro	4 Weeks Free Up $80 since Aug 18
22	B4	2bd / 2ba	1,256	$3,112	$2.48	--	Pro	4 Weeks Free

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Charlotte, NC notes

No resident notes for this property yet.