Co-living homes expand in Charlotte, offering affordable rental alternative

Co-living homes in Charlotte, facilitated by PadSplit, offer affordable rental options with individual bedrooms and shared common spaces. Ed Peugh, a real-estate investor, launched a co-living property in east Charlotte priced at $200-$300 weekly, contrasting with $1500 monthly average for one-bedroom apartments. While the model attracts those priced out of neighborhoods like Noda and South End, it faces opposition in areas such as Wesley Heights due to concerns over single-room rentals.