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NOVEL University Place by Crescent Communities 1 of 8

NOVEL University Place by Crescent Communities

$1,229 – $2,893/mo

  • Studio–3 bedrooms
  • 1–3 baths
  • 574–1,905 sq ft
  • 35 units available
  • Pet friendly
5315 Waters Edge Village Drive, Charlotte, NC 28262

As of October 13, 2026, NOVEL University Place by Crescent Communities in Charlotte, NC has 35 apartments for rent from $1,229 to $2,893/mo. Studios start at $1,229, one-bedrooms at $1,464, two-bedrooms at $1,999, and three-bedrooms at $2,456. The average asking rent has fallen 10.3% since April 29, 2026, from $2,071 to $1,858.

Floor plans

15 floor plans · 35 available units · Prices checked October 13, 2026

S1m1

Studio • 1 Bath • 579 Sq Ft

Starting at $1,229/mo

3 available unitsPriceSq ftAvailableOpen unit
4311$1,272579Oct 6
4111$1,299579Oct 10
3311$1,229579Dec 8

S1

Studio • 1 Bath • 574 Sq Ft

Starting at $1,289/mo

3 available unitsPriceSq ftAvailableOpen unit
2406$1,289574Oct 24
4403$1,489574Oct 29
2408$1,289574Dec 17

S2

Studio • 1 Bath • 653 Sq Ft

Starting at $1,291/mo

3 available unitsPriceSq ftAvailableOpen unit
3109$1,291653Oct 6
5309$1,382653Oct 6
2109$1,291653Dec 10

S1m2

Studio • 1 Bath • 614 Sq Ft

Starting at $1,376/mo

1 available unitPriceSq ftAvailableOpen unit
1307$1,376614Nov 2

S1m3

Studio • 1 Bath • 654 Sq Ft

Starting at $1,410/mo

1 available unitPriceSq ftAvailableOpen unit
2508$1,410654Oct 6

A1

1 Bedroom • 1 Bath • 668 Sq Ft

Starting at $1,464/mo

4 available unitsPriceSq ftAvailableOpen unit
1105$1,494668Oct 18
4114$1,464668Nov 12
3118$1,464668Dec 1
4304$1,614668Dec 5

A1m1

1 Bedroom • 1 Bath • 653 Sq Ft

Starting at $1,479/mo

1 available unitPriceSq ftAvailableOpen unit
1112$1,479653Oct 19

A2m1

1 Bedroom • 1 Bath • 851 Sq Ft

Starting at $1,689/mo

1 available unitPriceSq ftAvailableOpen unit
1513$1,689851Oct 19

A2

1 Bedroom • 1 Bath • 763 Sq Ft

Starting at $1,714/mo

1 available unitPriceSq ftAvailableOpen unit
1506$1,714763Oct 6

B1

2 Bedrooms • 2 Baths • 1,061 Sq Ft

Starting at $1,999/mo

2 available unitsPriceSq ftAvailableOpen unit
1303$1,9991,061Oct 6
5103$2,0181,061Oct 6

B2

2 Bedrooms • 2 Baths • 1,276 Sq Ft

Starting at $2,071/mo

6 available unitsPriceSq ftAvailableOpen unit
3101$2,0711,276Oct 6
2102$2,0961,276Oct 6
1320$2,2731,276Oct 6
4320$2,2911,276Oct 6
2302$2,2911,276Nov 4
2101$2,0711,276Dec 2

B1m3

2 Bedrooms • 2 Baths • 1,130 Sq Ft

Starting at $2,327/mo

1 available unitPriceSq ftAvailableOpen unit
3401$2,3271,130Oct 6

B4m1

2 Bedrooms • 2 Baths • 1,255 Sq Ft

Starting at $2,412/mo

1 available unitPriceSq ftAvailableOpen unit
1405$2,4121,255Oct 6

C1

3 Bedrooms • 2 Baths • 1,426 Sq Ft

Starting at $2,456/mo

5 available unitsPriceSq ftAvailableOpen unit
2420$2,4561,426Oct 6
1420$2,4851,426Oct 6
2421$2,5051,426Oct 6
4420$2,5051,426Oct 6
1421$2,5341,426Oct 6

CH Type B

3 Bedrooms • 3 Baths • 1,905 Sq Ft

Starting at $2,893/mo

2 available unitsPriceSq ftAvailableOpen unit
3201$2,8931,905Oct 6
3201$2,8931,905Oct 6

See all 124 units listed at NOVEL University Place by Crescent Communities, including ones no longer available.


Rent history

Over the past year, the average asking rent at NOVEL University Place by Crescent Communities has ranged from $1,830 to $2,189. The current average is $1,858, down $213 (10.3%) from $2,071 at the start.

Prices reflect the average advertised rent across units listed as available each day (142 days observed).
MonthAverage asking rentLowest – highestUnits listed
Oct 2026$1,878$1,229 – $2,89335
Sep 2026$1,874$1,272 – $3,15942
Aug 2026$1,949$1,276 – $3,18345
Jul 2026$2,141$1,499 – $3,46632
Jun 2026$2,052$1,313 – $3,80052
May 2026$2,057$1,316 – $3,80053
Apr 2026$2,071$1,402 – $3,80051

Fees & lease terms

  • Rent

    $1,229 – $2,893/mo
  • Earliest move-in

    Oct 6

Monthly fees

Internet Services

$55/mo

Package Services

$15/mo

Parking - Garage

$300/mo

Parking - Reserved

$75/mo

Pest Control Services

$5/mo

Pet Rent

$25/mo

Storage Space Rental

$85/mo

Trash Services - Doorstep

$25/mo

Due at signing

Access Device

$25

Administrative Fee

$150

Application Fee

$75

Pet Fee

$350

Pet Fee - Additional Pet

$100

Pet Management - Third Party

$20

Security Deposit (Refundable)

$250

Cost to rent here

The all-in monthly cost by apartment size, and how the rent compares across the Charlotte area.

Lowest-priced apartment: S1m1 at $1,229

$1,980/mo

$751/mo above the advertised rent

  • Rent

    $1,229

  • Internet Services

    $55

  • Package Services

    $15

  • Parking - Garage

    $300

  • Parking - Reserved

    $75

  • Pest Control Services

    $5

  • Pet Rent

    $25

  • Storage Space Rental

    $85

  • Trash Services - Doorstep

    $25

  • Electric and gas

    est.
    Other utilities are billed by the building

    $81

  • Internet

    est.

    $71

  • Renters insurance

    est.

    $14

  • All-in monthly

    $1,980

By apartment size

SizeRent fromAll-in monthlyIncome to qualify
Studio$1,229$1,980$44,244/yr
1 bedroom$1,464$2,225$52,704/yr
2 bedrooms$1,999$2,802$71,964/yr
3 bedrooms$2,456$3,315$88,416/yr

Landlords commonly look for a monthly income of three times the rent, about $44,244 a year for the $1,229 studio. The median renter household in Charlotte earns $61,696 a year.

Compared with the Charlotte area

The median two-bedroom at NOVEL University Place by Crescent Communities asks $2,185 a month, 75% above the Charlotte area's typical two-bedroom asking rent of $1,250. Typical asking rents across the area are down 2.5% from a year earlier.

SizeMedian asking rent hereCharlotte-area asking rentCharlotte rent paid
Studio$1,291—$1,494
1 bedroom$1,494$1,225$1,452
2 bedrooms$2,185$1,250$1,606
3 bedrooms$2,505—$1,765
Area asking rent: typical rent asked for a new lease across the Charlotte-Concord-Gastonia, NC-SC metro, Apartment List Rent Estimates, August 2026.Rent paid: median rent including utilities across all renter households in Charlotte, U.S. Census Bureau American Community Survey, 2020–2024.
Rows marked “est.” are averages for this area scaled to the apartment, not quotes from the property. The income figure is a common screening rule, not this property’s requirement.

Amenities

  • Air Conditioning

  • Co-Working Spaces And Private Huddle Rooms

  • Dishwasher

  • Fitness Center

  • Fitness Center With Matrix Cardio And Weight Machines, A Private Yoga And Spin Studio

  • Garage Parking

  • Great Room With A Covered Outdoor Porch

  • Luxurious Resort-Style Pool With A Sun Shelf, Cabanas, Extensive Chaise Lounge Seating, A Grilling Area And A Covered Pool House For Outdoor Get-Togethers

  • Outdoor Fitness Lawn For Flexibility In Workout Settings

  • Patio/Balcony

  • Pet Friendly

  • Pocket Courtyard With Water Features Provides A Serene Escape From The Everyday

  • Smoke Free

  • Swimming Pool

  • Tvs Throughout The Space Allow For Easy Streaming Of Workout Classes

  • Upper-Level Porch With Pool And Lake Views

  • Walk-In Closets

  • Washer/Dryer


Amenity photos

  • Pool
  • Grill area

Location

5315 Waters Edge Village Drive, Charlotte, NC 28262


Resident reviews

Overall rating
Positive
Mixed
Neutral
Negative
Management3.7
Amenities and Shared Spaces3.5
Location3.3
Maintenance2.7
Building Quality3.3

Novel University Place offers a beautiful, well-maintained property with spacious layouts and excellent amenities that residents consistently praise. Community events are a standout feature, with residents highlighting thoughtfully organized programming. However, the overall experience is mixed: while leasing staff and maintenance receive strong individual recognition, management communication and move-out billing practices have created significant frustration for some residents. Security concerns, parking enforcement inconsistencies, and occasional maintenance delays have also been reported.

Management responsiveness and communication are inconsistent, with some staff members receiving strong praise for professionalism and attentiveness while others are criticized for unresponsiveness and poor coordination. Billing and move-out charge disputes are a significant concern, with residents reporting unclear communication, disputed fees sent to collections, and difficulty obtaining clarification. Positive experiences center on individual staff members who demonstrate genuine care and follow-through, though organizational issues and staff turnover have impacted overall service quality.

Amenities and shared spaces are visually appealing and well-maintained, with community events regularly organized. However, residents report significant operational concerns including inconsistent pool availability despite year-round advertising, parking policy changes from free to paid reserved spots, gym equipment theft, and security issues including vehicle break-ins and towing disputes. Management responsiveness and coordination on amenity-related concerns has been inconsistent.

Residents report the location offers convenient access to major transit routes (I-85) and proximity to nearby amenities, with positive feedback on the property's walkability and community feel. However, external noise from nearby construction, weekend street racing, and weekend events in adjacent parking areas has been a recurring concern. Parking logistics have shifted, with some previously free surface spots converted to paid reserved spots. Security concerns including vehicle break-ins and theft from common areas have been noted by some residents.

Maintenance response times and coordination vary significantly at this property. While some residents report timely work order resolution and staff going above and beyond to assist with utility issues, others experienced extended delays (8+ hours) and communication breakdowns between maintenance, management, and external service providers like Duke Energy. Power outages affecting individual units and water service interruptions have been reported, with residents noting frustration over unclear timelines and lack of accountability during service failures.

The building features attractive, newly constructed apartments with quality finishes that residents appreciate. However, noise insulation is a significant concern, with multiple residents reporting substantial sound transmission from neighboring units, including footsteps, door slamming, and music. Elevator availability in one building has been noted as a limitation. Staff responsiveness to maintenance and resident concerns has been generally positive.

Summaries are written by AI from reviews residents posted on public review sites such as Google and ApartmentRatings. Each topic shows how many of those reviews discuss it.

Getting around

Somewhat Walkable

Minimal Transit

Not Bikeable


About this property

Offering a diverse collection of cozy studios, carriage homes, and 1-, 2- and 3-bedroom floor plans with lake views and luxury finishes, NOVEL University Place has refined spaces to fit any lifestyle. With a prime location just a short walk from the area's best retail, restaurants and culture, NOVEL University Place is an unparalleled residential hub that offers impressive waterfront amenities in a popular destination.

  • Building

    Apartment · Garden
  • Total units

    326

Nearby schools

SchoolTypeLevelDistance

Charlotte Engineering Early College-UNCC

Public · High
PublicHigh0.4 mi

James Martin Middle

Public · Middle
PublicMiddle1.2 mi

Julius L. Chambers High School

Public · High
PublicHigh1.2 mi

Children Of America Child Care Center-Chrlte

Private · Preschool
PrivatePreschool1.5 mi

Tutor Time Child Care Center

Private · Preschool
PrivatePreschool1.5 mi

Governors Village STEM Academy (Lower)

Public · Elementary
PublicElementary1.6 mi

Chesterbrook Academy Mallard Creek

Private · Preschool
PrivatePreschool1.6 mi

TMSA Charlotte

Charter · High
CharterHigh1.7 mi

Governors Village STEM Academy (Upper)

Public · Middle
PublicMiddle1.7 mi

Ymca Of Greater Charlotte

Private · Preschool
PrivatePreschool1.7 mi

Contact & management