Cheap Apartments for Rent in the Commonwealth Neighborhood of Charlotte, NC from $300 (155 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1418 Park Dr

$1,080

1 Bedroom Rentals

Available Now

1418 Park Dr

CharlotteNC28204

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930 Norland Rd, Unit C
$1,195
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Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
1 Bedroom Apartment Available Jul 31

930 Norland Rd, Unit C

930 Norland RdCharlotte, NC 28205
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415 Flats
$1,195 - $1,315
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$1,195 - $1,315
Total Monthly Price
$1,195 - $1,315
1 Bedroom Apartments Available Now

415 Flats

415 W 10th StCharlotte, NC 28202
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J Optimist Park
Rent Specials
$1,230 - $2,230
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$1,230 - $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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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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Alton Optimist Park
Rent Specials
$1,297 - $5,172
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$1,297 - $5,172
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Studio to 2 Bedroom Apartments Available Now

Alton Optimist Park

1009 N Caldwell StCharlotte, NC 28206
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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 2 Beds unit found at Wallace Townhomes priced from $885. Lake Hill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
Wallace Townhomes2 Beds, 1.5 Baths2BR,1BA$885
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$950
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$960
Elevate Tryon1BR/1.0BA1BR,1BA$989
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$995
Ashby Gardens1 Bedroom 1 Bath Townhomes1BR,1BA$999
Vista CommonsEnclave1BR,1BA$999
The EdisonS2Studio,1BA$1,009
Aurora01PZStudio,1BA$1,029
Summit on CentralPilot-RenovatedStudio,1BA$1,099

Best Value Apartments for Rent in Commonwealth, NC

As of June 15, 2026 the best value apartment in the Commonwealth area is the $1.20 price per square foot 3BR/2.0BA Model at Wallace Terrace Apartments in the in the Commonwealth neighborhood starting from $1,435. The second greatest value Commonwealth apartment is the 2 bedroom 1.5 Bath Townhome Model at Ashby Gardens starting at $1,199 with a $1.19 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$1.20
Ashby Gardens2 bedroom 1.5 Bath Townhome2BR,1.5BA$1.19
Pines on Wendover Apartment Homes22D2BR,2BA$1.43
Enclave at Oakhurst Apartments2 Bedroom, 1.5 Bathroom, 950 Sq Ft2BR,1.5BA$1.48
Biscayne11Z1BR,1BA$1.33
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$1.23
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$1.33
Elevate Tryon1BR/1.0BA1BR,1BA$1.41
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1.48
Wallace Townhomes2 Beds, 1.5 Baths2BR,1.5BA$1.37

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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!

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 The Edison listed at $1,009.

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 $885 at Wallace Townhomes.

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 $1,435.

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

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Articles, How-To's, and Tips

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.