Cheap Homes for Rent in Commonwealth Neighborhood of Charlotte, NC from $700 (31 Rentals)

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Search the lowest-cost Homes available for rent right now in the Commonwealth area of Charlotte.

property at 112 Sylvania Ave

112 Sylvania Ave

CharlotteNC28206

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

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property at 1707 Pegram St

1707 Pegram St

CharlotteNC28205

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 3137 Erskine Dr

3137 Erskine Dr

CharlotteNC28205

Charlotte's Best Affordable Neighborhoods

Learn about Charlotte and the best places to live with original content written by our Charlotte, NC Local Expert Carrie Catalano!

property at 638 Chipley Ave

638 Chipley Ave

CharlotteNC28205
property at 638 Chipley Ave

638 Chipley Ave

CharlotteNC28205

Commonwealth, Charlotte, NC Local Guide

Cheapest Available Commonwealth Apartments for Rent

 

The cheapest available apartment rental in the Commonwealth area of Charlotte, NC is a Studio unit found at Elevate Tryon priced from $895. Joinery has the second lowest priced unit, which is a Studio apartment currently listed from $1,070. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
Elevate Tryon0BR/1.0BAStudio,1BA$895
JoineryS3Studio,1BA$1,070
Aurora21.52BR,1BA$1,095
The Residences at WindsorStudio, 1 bathStudio,1BA$1,150
Four One Five FlatsOne Bedroom Flat1BR,1BA$1,160
Ashby Gardens1 Bedroom Townhomes1BR,1BA$1,200
Pines on Wendover Apartment Homes222BR,2BA$1,225
Doral Apartments1 Bedroom Standard - Call For Availability1BR,1BA$1,250
Country Club Apartments2 Bedroom 1.5 Bathroom2BR,1BA$1,275

Best Value Apartments for Rent in Commonwealth, NC

As of May 17, 2025 the best value apartment in the Commonwealth area is the $1.44 price per square foot 2 Bed/2 Bath Model at The Lofts at Hawthorne Mill in the in the Elizabeth neighborhood starting from $1,685. The second greatest value Commonwealth apartment is the 1260 Duncan Gardens Dr Model at 1260 Duncan Gardens Dr, Unit 1260 starting at $1,695 with a $1.48 price per square foot in the Biddleville neighborhood. Here is today’s list of the best values for Commonwealth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lofts at Hawthorne Mill2 Bed/2 Bath2BR,2BA$1.44
1260 Duncan Gardens Dr, Unit 12601260 Duncan Gardens Dr2BR,2BA$1.48
Country Club Apartments3 Bedroom 1.5 Bathroom3BR,1.5BA$1.42
Wallace Terrace Apartments2BR/2.0BA2BR,2BA$1.18
Ashby Gardens2 Bedroom Condomminiums2BR,2BA$1.33
Edgeline Flats on DavidsonCable Car2BR,2BA$1.44
Pines on Wendover Apartment Homes222BR,2BA$1.23
Enclave at OakhurstB22BR,1.5BA$1.42
Vista CommonsSierra2BR,2BA$1.49
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$1.35

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Commonwealth

What type of rentals are currently available in Commonwealth?

There are currently 288 Apartments for Rent in Commonwealth, NC with pricing that ranges from $800 to $7,845. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Commonwealth ranging from $750 to $12,000.

What is the current price range for Rental Homes in Commonwealth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Commonwealth ranges from $750 to $12,000 with an average monthly rent of $4,267.

How much are larger Three and Four Bedroom Rentals in Commonwealth?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Commonwealth range from $1,150 to $6,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,724.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for The 10 Best Affordable Neighborhoods in Charlotte, NC article

The 10 Best Affordable Neighborhoods in Charlotte, NC

Written by: Carrie Catalano

I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. I moved to the Triangle area of North Carolina in the summer of 2024 and have been exploring the state since.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.