Police said the 22-year-old was declared dead at a park on Mortimer Road in Acacia Ridge at about 12.10am yesterday.
The man has been identified as Bosco Minyurano.
Following investigations, detectives arrested the 30-year-old at Acacia Ridge yesterday.
Prior to the arrest yesterday, Detective Inspector Craig McDonald said Minyurano was believed to have known his alleged killer and said they were both part of a large group who had gathered at the park overnight.
The man charged is due to appear in Richlands Magistrates court this afternoon.