$1,495 – $3,131/mo

1–2 bedrooms
1–2 baths
645–1,256 sq ft
37 units available
Pet friendly

327 W Tremont Ave, Charlotte, NC, 28203

As of October 14, 2026, The Penrose in Charlotte, NC has 37 apartments for rent from $1,495 to $3,131/mo. One-bedrooms start at $1,495 and two-bedrooms at $2,541. The average asking rent has fallen 10.2% since May 4, 2026, from $2,181 to $1,958.

Floor plans

The Penrose has 37 units available across 9 floor plans: 6 one-bedroom layouts (645–1,136 sq ft) and 3 two-bedroom layouts (1,025–1,256 sq ft). Prices checked October 14, 2026.

A2

1 Bedroom • 1 Bath • 658 – 691 Sq Ft

Starting at $1,495/mo

14 available units	Price	Sq ft	Available
281	$1,596	659	Oct 3
153	$1,630	678	Oct 6
112	$1,691	678	Oct 6
462	$1,792	678	Oct 6
415	$1,904	691	Oct 6
152	$1,594	668	Oct 7
263	$1,521	659	Oct 10
156	$1,626	659	Oct 14
256	$1,611	659	Oct 24
212	$1,770	678	Nov 3
269	$1,621	664	Nov 5
262	$1,709	678	Nov 5
355	$1,572	658	Nov 7
361	$1,495	680	Dec 9

A1

1 Bedroom • 1 Bath • 645 – 695 Sq Ft

Starting at $1,569/mo

5 available units	Price	Sq ft	Available
108	$1,644	645	Oct 6
136	$1,569	645	Oct 15
357	$1,647	695	Nov 1
437	$1,705	693	Dec 6
151	$1,570	645	Dec 22

A3

1 Bedroom • 1 Bath • 723 Sq Ft

Starting at $1,683/mo

8 available units	Price	Sq ft	Available
188	$1,712	723	Nov 4
127	$1,763	723	Nov 6
486	$1,814	723	Nov 7
404	$1,788	723	Nov 20
233	$1,683	723	Nov 21
134	$1,738	723	Dec 2
297	$1,768	723	Dec 5
148	$1,738	723	Dec 22

A4

1 Bedroom • 1 Bath • 849 Sq Ft

Starting at $1,814/mo

1 available unit	Price	Sq ft	Available	Open unit
146	$1,814	849	Nov 16

A5

1 Bedroom • 1 Bath • 760 Sq Ft

Starting at $1,852/mo

1 available unit	Price	Sq ft	Available	Open unit
475	$1,852	760	Oct 21

B4LW

1 Bedroom • 1 Bath • 1,136 Sq Ft

Starting at $2,493/mo

1 available unit	Price	Sq ft	Available	Open unit
182	$2,493	1,136	Oct 6

B2

2 Bedrooms • 2 Baths • 1,075 – 1,080 Sq Ft

Starting at $2,541/mo

2 available units	Price	Sq ft	Available	Open unit
384	$2,541	1,080	Nov 14
317	$2,811	1,075	Dec 7

B3

2 Bedrooms • 2 Baths • 1,025 Sq Ft

Starting at $2,676/mo

2 available units	Price	Sq ft	Available	Open unit
292	$2,676	1,025	Oct 6
326	$2,686	1,025	Nov 4

B4

2 Bedrooms • 2 Baths • 1,093 – 1,256 Sq Ft

Starting at $2,721/mo

3 available units	Price	Sq ft	Available
301	$3,131	1,256	Oct 6
482	$2,801	1,093	Nov 13
290	$2,721	1,093	Dec 10

See all 101 units listed at The Penrose, including ones no longer available.

Cost to rent here

At The Penrose, a one-bedroom starts at about $1,923 a month all-in: $1,495 rent, $252 in listed fees, and an estimated $176 for electric and gas, internet, and renters insurance. A two-bedroom starts at about $3,011.

All-in from$1,923/mo

Estimates are local averages, not quotes from the property.

Can you afford it?

Most landlords ask for a monthly income of about 3× the rent, so qualifying at The Penrose takes about $53,820 a year for a one-bedroom and $91,476 for a two-bedroom. Keeping the $1,923 all-in month for a one-bedroom within 35% of take-home pay takes an income of about $86,400 a year.

Total monthly housing cost

$1,923/mo

Income to afford it comfortably

$86,400/yr

Income to qualify

$53,820/yr

Your estimated budget

Suggested rent budget, 1 bedroom

$ —/mo

See what you can afford here

Add your income and debts for a rent budget at this building.

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Rent history

Over the past year, the average asking rent at The Penrose has ranged from $1,889 to $2,200. The current average is $1,958, down $223 (10.2%) from $2,181 at the start.

Prices reflect the average advertised rent across units listed as available each day (137 days observed).

Fees & lease terms

The listing for The Penrose shows $252.25 a month in fees (parking reserved $100, storage space rental $35, trash services doorstep $35, and 6 more) and $1,455 due at signing (pet fee $450, administrative fee $250, resident change fee $250, and 5 more).

Rent
$1,495 – $3,131/mo
Earliest move-in
Oct 3

Monthly fees

Parking - Garage	$30/mo
Parking - Reserved	$100/mo
Pest Control Services	$6/mo
Pet Rent	$20/mo
Renters Liability/Content - Property Program	$14.5/mo
Storage Space Rental	$35/mo
Trash Services - Doorstep	$35/mo
Trash Services - Hauling	$8/mo
Utility - Billing Administrative Fee	$3.75/mo

Due at signing

Access Device	$50
Administrative Fee	$250
Application Fee	$85
Pet Fee	$450
Pet Fee - Additional Pet	$100
Pet Management - Third Party	$20
Resident Change Fee	$250
Security Deposit (Refundable)	$250

Amenities

The Penrose is pet friendly and has in-unit washers and dryers. It lists 18 amenities, including fitness center, resort-style pool w/sun shelf, and patio/balcony.

24-Hr Street-Front Athletic Club
Air Conditioning
Attic Sky Lounge W/City Views
Business Center
Dishwasher
Entertainment Center W/Games
Fitness Center
Near Charlotte Rail Trail
Outdoor Kitchens & Grilling Station
Patio/Balcony

Pet Friendly
Resident Events
Resident Lounge & Kitchen
Resort-Style Pool W/Sun Shelf
Smoke Free
Swimming Pool
Walk-In Closets
Washer/Dryer

Amenity photos

Pool
Bike room

Location

327 W Tremont Ave, Charlotte, NC, 28203

Resident reviews

The Penrose has a 4.2 out of 5 rating from more than 200 resident reviews. Residents rate maintenance (4.6) and location (4.3) highest and building quality (3.7) lowest.

4.2 · 200+ reviews

Overall rating

Positive

Mixed

Neutral

Negative

Management4.1

Location4.3

Amenities and Shared Spaces3.9

Maintenance4.6

Building Quality3.7

Overall100 reviews

The Penrose offers a prime South End location with modern amenities, responsive maintenance, and generally welcoming staff, though residents report persistent issues with sound insulation, parking constraints, package security, and security deposit return delays. Most residents praise the gym, pool, community events, and convenient walkability to restaurants and shops, but some experience frustration with noise from neighbors, limited guest parking, and administrative responsiveness after move-out.

Management and leasing staff are consistently praised for responsiveness, friendliness, and helpfulness throughout the application, move-in, and residency process. Maintenance teams are noted for prompt service and going above and beyond on work orders. However, some residents report challenges with communication responsiveness, security deposit returns, and difficulty reaching upper management regarding unresolved concerns.

The Penrose offers a highly convenient South End location with excellent walkability to restaurants, bars, shops, and the light rail, making it a major draw for residents. Most residents praise the proximity to amenities and neighborhood vibrancy, though some note challenges with limited guest parking and occasional street noise on lower floors. The location is consistently cited as a primary reason residents choose and stay at the property.

Residents consistently praise the property's amenities, particularly the gym, pool, and dog park, along with well-maintained common areas and modern finishes. Parking availability and the package delivery system are recurring concerns, with some residents reporting difficulty finding spots and missing packages. Maintenance and leasing staff responsiveness are generally viewed positively, though communication delays have been noted by some residents.

Maintenance requests are consistently handled with prompt response times, typically within 48 hours or less. Residents report that maintenance staff are courteous, efficient, and thorough in completing repairs across appliances, HVAC, plumbing, and general maintenance issues. The team communicates clearly about problems and solutions, and management stays proactive in addressing service requests.

The building is generally well-maintained with clean common areas and modern finishes, though some residents report visible wear and tear. Noise transmission between units is a recurring concern, particularly from upper floors and street-facing units. Elevator availability and parking garage capacity are occasional issues. Maintenance response times are consistently praised as prompt and efficient.

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

The Penrose is very walkable and not bikeable, and transit is minimal.

Walking: Very walkable; Grade B+
Transit: Minimal; Grade F
Biking: Not bikeable; Grade F

Climate and air quality

Air quality near The Penrose was good on 133 of the past 365 days, and at its worst in February (average AQI 61, moderate). Daily highs averaged 90°F in July, the warmest month, and lows averaged 31°F in January, the coldest.

Air quality

133 good-air days

of the past 365

Oct 14: Moderate, AQI 60

Oct 2025Oct 2026

Temperature

90° / 31°

average July high / January low

Oct 14: 87° high, 59° low

Oct 2025Oct 2026

Pollen

High

Oct 14–18 forecast

Tree: very low, grass: very low, weed: high

Month	Average high	Average low	Average AQI	Good-air days
January	51°F	31°F	54 (moderate)	12 of 31
February	54°F	36°F	61 (moderate)	9 of 28
March	72°F	48°F	51 (moderate)	13 of 31
April	79°F	55°F	54 (moderate)	10 of 30
May	78°F	59°F	52 (moderate)	9 of 31
June	87°F	68°F	54 (moderate)	8 of 30
July	90°F	73°F	60 (moderate)	7 of 31
August	89°F	71°F	59 (moderate)	5 of 31
September	86°F	67°F	53 (moderate)	11 of 30
October	73°F	53°F	45 (good)	20 of 31
November	65°F	44°F	45 (good)	19 of 30
December	53°F	35°F	56 (moderate)	10 of 31

Daily readings from Oct 15, 2025 to Oct 14, 2026. The pollen chart shows typical US seasons.

About this property

The Penrose is a 350-unit building in Charlotte, NC.

Uncover the uncommon. The Penrose welcomes you to a distinctive sanctuary where you can find yourself and lose yourself in the industrial charm and culture of Charlotte's blooming South End neighborhood. Our collection of studio, 1- and 2-bedroom apartment homes offers thoughtfully sourced features and carefully curated amenities tailored to your lifestyle. With nearby access to the Charlotte Rail Trail, The Penrose is moments from local shops, gathering spots, gallery walks, local history and South End shopping and dining.

Building
Apartment · Mid-Rise
Total units
350

Nearby schools

The closest school to The Penrose is Matthews Asep Child Care Center, a private preschool 0.3 miles away.

School	Type	Level	Distance
Matthews Asep Child Care Center Private · Preschool	Private	Preschool	0.3 mi
J V Washam Asep Child Care Center Private · Preschool	Private	Preschool	0.3 mi
Huntersville Asep Child Care Center Private · Preschool	Private	Preschool	0.3 mi
Pineville Asep Day Care Private · Preschool	Private	Preschool	0.3 mi
Long Creek Asep Day Care Private · Preschool	Private	Preschool	0.3 mi
Elizabeth Lane Asep Child Care Center Private · Preschool	Private	Preschool	0.3 mi
Crown Point Aft/Sch Pgrm Private · Preschool	Private	Preschool	0.3 mi
Cornelius Aft/Sch Pgrm Private · Preschool	Private	Preschool	0.3 mi
Blythe Asep Child Care Center Private · Preschool	Private	Preschool	0.3 mi
Bailey S/A Child Care Center Private · Preschool	Private	Preschool	0.3 mi