S1m1
Studio • 1 Bath • 579 Sq Ft
Starting at $1,229/mo
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$1,229 – $2,893/mo
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.
15 floor plans · 35 available units · Prices checked October 13, 2026
Studio • 1 Bath • 579 Sq Ft
Starting at $1,229/mo
Studio • 1 Bath • 574 Sq Ft
Starting at $1,289/mo
Studio • 1 Bath • 653 Sq Ft
Starting at $1,291/mo
Studio • 1 Bath • 614 Sq Ft
Starting at $1,376/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 1307 | $1,376 | 614 | Nov 2 |
Studio • 1 Bath • 654 Sq Ft
Starting at $1,410/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 2508 | $1,410 | 654 | Oct 6 |
1 Bedroom • 1 Bath • 668 Sq Ft
Starting at $1,464/mo
1 Bedroom • 1 Bath • 653 Sq Ft
Starting at $1,479/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 1112 | $1,479 | 653 | Oct 19 |
1 Bedroom • 1 Bath • 851 Sq Ft
Starting at $1,689/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 1513 | $1,689 | 851 | Oct 19 |
1 Bedroom • 1 Bath • 763 Sq Ft
Starting at $1,714/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 1506 | $1,714 | 763 | Oct 6 |
2 Bedrooms • 2 Baths • 1,061 Sq Ft
Starting at $1,999/mo
2 Bedrooms • 2 Baths • 1,276 Sq Ft
Starting at $2,071/mo
2 Bedrooms • 2 Baths • 1,130 Sq Ft
Starting at $2,327/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 3401 | $2,327 | 1,130 | Oct 6 |
2 Bedrooms • 2 Baths • 1,255 Sq Ft
Starting at $2,412/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 1405 | $2,412 | 1,255 | Oct 6 |
3 Bedrooms • 2 Baths • 1,426 Sq Ft
Starting at $2,456/mo
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.
| Month | Average asking rent | Lowest – highest | Units listed |
|---|---|---|---|
| Oct 2026 | $1,878 | $1,229 – $2,893 | 35 |
| Sep 2026 | $1,874 | $1,272 – $3,159 | 42 |
| Aug 2026 | $1,949 | $1,276 – $3,183 | 45 |
| Jul 2026 | $2,141 | $1,499 – $3,466 | 32 |
| Jun 2026 | $2,052 | $1,313 – $3,800 | 52 |
| May 2026 | $2,057 | $1,316 – $3,800 | 53 |
| Apr 2026 | $2,071 | $1,402 – $3,800 | 51 |
Rent
$1,229 – $2,893/moEarliest move-in
Oct 6Internet 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 |
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 |
The all-in monthly cost by apartment size, and how the rent compares across the Charlotte area.
$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
$81
Internet
$71
Renters insurance
$14
All-in monthly
$1,980
| Size | Rent from | All-in monthly | Income 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.
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.
| Size | Median asking rent here | Charlotte-area asking rent | Charlotte 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 |
Can you afford it? Rent affordability calculator for Charlotte
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
5315 Waters Edge Village Drive, Charlotte, NC 28262
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.
Somewhat Walkable
Minimal Transit
Not Bikeable
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 · GardenTotal units
326| School | Type | Level | Distance |
|---|---|---|---|
Charlotte Engineering Early College-UNCC Public · High | Public | High | 0.4 mi |
James Martin Middle Public · Middle | Public | Middle | 1.2 mi |
Julius L. Chambers High School Public · High | Public | High | 1.2 mi |
Children Of America Child Care Center-Chrlte Private · Preschool | Private | Preschool | 1.5 mi |
Tutor Time Child Care Center Private · Preschool | Private | Preschool | 1.5 mi |
Governors Village STEM Academy (Lower) Public · Elementary | Public | Elementary | 1.6 mi |
Chesterbrook Academy Mallard Creek Private · Preschool | Private | Preschool | 1.6 mi |
TMSA Charlotte Charter · High | Charter | High | 1.7 mi |
Governors Village STEM Academy (Upper) Public · Middle | Public | Middle | 1.7 mi |
Ymca Of Greater Charlotte Private · Preschool | Private | Preschool | 1.7 mi |