Cheap Apartments for Rent in the Commonwealth Neighborhood of Charlotte, NC from $300 (93 Rentals)

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

property at 2126 E 7th St

2126 E 7th St

CharlotteNC28204

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1133 Harding Pl

1133 Harding Pl

CharlotteNC28204

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.

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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 1 Bed unit found at The Commons at St. Lloyd's priced from $952. Lake Hill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
The Commons at St. Lloyd'sThe Harper1BR,1BA$952
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$975
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$975
Vista CommonsEnclave1BR,1BA$999
JoineryS1Studio,1BA$1,003
KinshipCL11BR,1BA$1,034
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1,090
Elevate Tryon1BR/1.0BA1BR,1BA$1,095
Dunloe CharlotteA1 - 1 Bedroom / 1 Bath1BR,1BA$1,095

Best Value Apartments for Rent in Commonwealth, NC

As of December 14, 2025 the best value apartment in the Commonwealth area is the $1.43 price per square foot D2.2 Model at Eastover Ridge Apartments in the in the Myers Park neighborhood starting from $1,971. The second greatest value Commonwealth apartment is the 2BR/2.0BA Model at Millhouse starting at $1,685 with a $1.62 price per square foot in the First Ward 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.
Eastover Ridge ApartmentsD2.23BR,2BA$1.43
Millhouse2BR/2.0BA2BR,2BA$1.62
Marvel at Plaza MidwoodC1.11BR,1BA$1.47
Pines on Wendover Apartment Homes22D2BR,2BA$1.38
Lake Hill ApartmentsTwo Bedroom Garden2BR,2BA$1.26
Ashby Gardens1 Bedroom 1 Bath1BR,1BA$1.41
1430 Park Dr, Unit 21430 Park Dr1BR,1BA$1.33
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$1.30
Elevate Tryon1BR/1.0BA1BR,1BA$1.56
Vista CommonsEnclave1BR,1BA$1.49

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Top Neighborhoods Near Charlotte Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Charlotte, NC | Find Charlotte Off-Campus Student Housing at ApartmentHomeLiving.com

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Commonwealth, Charlotte, NC

Ranked #37

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Commonwealth, Charlotte, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Charlotte. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, places that make kids happy, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Commonwealth Neighborhood in Charlotte, NC

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

48 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Commonwealth Apartments

What is the Cheapest Studio apartment in Commonwealth?

Currently the most affordable Cheap Studio Apartment in Commonwealth is at Joinery listed at $1,003.

How much is rent for a Cheap One Bedroom Commonwealth Apartment?

The lowest price for a Cheap One Bedroom Commonwealth Apartment is $952 at The Commons at St. Lloyd's.

What is the lowest price for a Cheap Two Bedroom Commonwealth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Commonwealth is starting from $1,134 at The Commons at St. Lloyd's.

What is the most affordable Commonwealth Three Bedroom Apartment?

The best deal on a cheap Commonwealth Three Bedroom Apartment rental is at The Commons at St. Lloyd's and starts from $1,301.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!