Last updated
Average Rent in Cherry & Rent Trends
Rent prices and market trends across 3 apartment communities in Cherry, Charlotte, NC. Updated daily.
Market Average
$1,830/mo
Lowest Available
$1,030/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
65
available now
Cherry vs Charlotte, NC Average
Cherry is cheaper the Charlotte, NC average by $484/mo (21%). The citywide average is $2,314/mo across all neighborhoods.
Is Rent Going Up or Down in Cherry?
As of July 2026, the average rent in Cherry is $1,830 per month across 3 apartment communities and 65 available units.
The most affordable option is Midtown 205 starting at $1,030/mo. By unit type, a studio averages $1,490/mo, a 1-bedroom averages $1,729/mo, a 2-bedroom averages $2,266/mo, a 3-bedroom averages $3,301/mo.
Prices range from $1,030 to $3,301 per month. The most common price point is the $1,600 range, where 19 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Cherry
Rent Prices by Apartment in Cherry
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Midtown 205 | $1,030/mo | $1,704/mo | 26 | 4.1 |
| Solis Midtown | $1,457/mo | $1,836/mo | 29 | 4.5 |
| Presley Uptown | $1,839/mo | $2,145/mo | 10 | 4.3 |
Google Search Trends for Cherry Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Cherry
What is the average rent in Cherry?
Is rent going up or down in Cherry?
What is the cheapest apartment in Cherry?
How much is a 1-bedroom apartment in Cherry?
How many apartments are available in Cherry?
What salary do I need to live comfortably in Cherry?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$73,000/year
Based on the 30 percent rule, using our tracked average rent of $1,830/mo.
Comfortable income
$88,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,030/mo), you need to earn at least $41,000/year.
Median household income in Cherry is $78,438 , about 11% below the comfortable-living threshold.
Cost of living in Cherry
Overall prices in Cherry runs below the national average by about 3% (BEA Regional Price Parity index 97.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Cherry's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,830 |
| Utilities | $417 |
| Groceries | $522 |
| Transportation | $995 |
| Healthcare | $485 |
| Other goods and services | $776 |
| Estimated total | $5,026/mo |
Population
886,283
Median household income
$78,438
Census median rent
$1,504/mo
Rent as % of income
29.5%
Median age
34.4
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Cherry Apartments
Browse all 3 communities with daily-updated pricing and availability.