Cheap Apartments for Rent in the Commonwealth Neighborhood of Charlotte, NC from $300 (118 Rentals)

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

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property at 1412 Park Dr

$1,080

1 Bedroom Rentals

Available Now

1412 Park Dr

CharlotteNC28204
property at 1418 Park Dr

$1,080

1 Bedroom Rentals

Available Now

1418 Park Dr

CharlotteNC28204
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J Optimist Park
Rent Specials
$1,166 - $2,230
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$1,166 - $2,230
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1 to 2 Bedroom Apartments Available Now

J Optimist Park

1130 N College StCharlotte, NC 28206
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The Langston
Rent Specials
$1,371 - $2,406
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$1,371 - $2,406
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Studio to 2 Bedroom Apartments Available Now

The Langston

1925 E 7th StCharlotte, NC 28204
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Alton Optimist Park
Rent Specials
$1,411 - $4,875
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Alton Optimist Park

1009 N Caldwell StCharlotte, NC 28206
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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 Lake Hill Apartments priced from $950. Aurora has the second lowest priced unit, which is a Studio apartment currently listed from $955. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$950
Aurora01PStudio,1BA$955
Elevate Tryon1BR/1.0BA1BR,1BA$989
KinshipCL11BR,1BA$1,034
Vista CommonsEnclave1BR,1BA$1,075
Alpha Mill0X1-S2Studio,1BA$1,086
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1,090
Ashby Gardens1 Bedroom 1 Bath Townhomes1BR,1BA$1,099
The AscherS5-SStudio,1BA$1,119
Edgeline Flats on DavidsonMonorail1BR,1BA$1,125

Best Value Apartments for Rent in Commonwealth, NC

As of May 01, 2026 the best value apartment in the Commonwealth area is the $1.21 price per square foot 3BR/2.0BA Model at Wallace Terrace Apartments in the in the Commonwealth neighborhood starting from $1,450. The second greatest value Commonwealth apartment is the Pinnacle-Renovated Model at Summit on Central starting at $1,416 with a $1.30 price per square foot in the Commonwealth 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.
Wallace Terrace Apartments3BR/2.0BA3BR,2BA$1.21
Summit on CentralPinnacle-Renovated2BR,2BA$1.30
Ashby Gardens2 Bedroom 2 Bath Condo2BR,2BA$1.23
Pines on Wendover Apartment Homes222BR,2BA$1.35
Enclave at Oakhurst Apartments2 Bedroom, 1.5 Bathroom, 950 Sq Ft2BR,1.5BA$1.48
The Lofts at Hawthorne Mill1 Bed/1 Bath1BR,1BA$1.59
Biscayne11Z1BR,1BA$1.34
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$1.23
Edgeline Flats on DavidsonMonorail1BR,1BA$1.53
Elevate Tryon1BR/1.0BA1BR,1BA$1.41

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Top Neighborhoods Near Charlotte Colleges and Universities

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Best Local Schools in
Commonwealth, Charlotte, NC

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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!

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 Aurora listed at $955.

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

The lowest price for a Cheap One Bedroom Commonwealth Apartment is $950 at Lake Hill Apartments.

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 $1,125 at Country Club Apartments.

What is the most affordable Commonwealth Three Bedroom Apartment?

The best deal on a cheap Commonwealth Three Bedroom Apartment rental is at Wallace Terrace Apartments and starts from $1,450.

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.

Helpful Local Expert Guides

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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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Experts Guide to the Top Neighborhoods in Charlotte, NC for College Renters

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I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. Charlotte is an exciting place to live for anyone, but particularly for college students.

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Your Local Experts Guide to Top Neighborhoods to Rent Near Charlottes Big Four Employers

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I'm Carrie, and I've been calling the Charlotte area home for a few years now.

Articles, How-To's, and Tips

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.