Cheap Apartments for Rent in the Commonwealth Neighborhood of Charlotte, NC from $300 (88 Rentals)

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

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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property at 2126 E 7th St

$995 - $1,090

1 Bedroom Rentals

Available Now

2126 E 7th St

CharlotteNC28204

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

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

Apartment ListingModel NameBed/BathPriced From
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$950
The Commons at St. Lloyd'sThe Harper1BR,1BA$952
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$975
Summit on CentralPilotStudio,1BA$979
Vista CommonsEnclave1BR,1BA$999
KinshipCL11BR,1BA$999
JoineryS2Studio,1BA$1,003
The AscherS3Studio,1BA$1,076
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1,090

Best Value Apartments for Rent in Commonwealth, NC

As of January 29, 2026 the best value apartment in the Commonwealth area is the $1.31 price per square foot 22HL Model at MAA Enclave in the in the Elizabeth neighborhood starting from $1,918. The second greatest value Commonwealth apartment is the 3BR/2.0BA Model at Wallace Terrace Apartments starting at $1,450 with a $1.21 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.
MAA Enclave22HL2BR,2BA$1.31
Wallace Terrace Apartments3BR/2.0BA3BR,2BA$1.21
Eastover Ridge ApartmentsB12BR,2BA$1.48
Pines on Wendover Apartment Homes22D2BR,2BA$1.38
Enclave at OakhurstB22BR,1.5BA$1.40
Lake Hill ApartmentsTwo Bedroom Garden2BR,2BA$1.24
Ashby Gardens1 Bedroom 1 Bath1BR,1BA$1.41
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$1.30
1430 Park Dr, Unit 21430 Park Dr1BR,1BA$1.33
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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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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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

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 Summit on Central listed at $979.

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 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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.