
Cheap Homes for Rent in Commonwealth Neighborhood of Charlotte, NC from $500 (41 Rentals)
Search the lowest-cost Homes available for rent right now in the Commonwealth area of Charlotte.


2512 Finchley Dr

1511 Hamorton Pl

3116 Grierton Ct

Room in Townhome on Levy Wy

426 Skyland Ave

2326 E 7th St

3416 Craig Ave
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.

823 Central Ave

823 Central Ave

1314 N McDowell

Room in Duplex on Charles Ave

904 Harrill St

1412 Park Dr

3516 The Plaza

3818 Winfield Dr
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.

3818 Winfield Dr

3406 Coldstream Ln

1744 Academy St

1617 Fulton Ave

3164 Central Ave

3728 Dresden Dr E

1728 Lombardy Cir

316 Skyland Ave
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.

918 McAlway Rd

3148 Central Ave

515 N Church St

515 N Church St

2530 E 7th St

1812 The Plaza

715 N Church St

2503 Eastway Dr
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.

2501 Eastway Dr

400 Queens Rd

715 N Church St

1728 Matheson Ave

1734 Matheson Ave

1709 Purser Dr

1625 Merry Oaks Rd

1105 Brookhurst Dr
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.

1614 Flynnwood Dr
Commonwealth, Charlotte, NC Local Guide

How much does it cost to rent a home in Commonwealth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Commonwealth 2 Bedroom Homes for Rent | $1,937 | $885 | $4,875 |
| Commonwealth 3 Bedroom Homes for Rent | $2,798 | $1,470 | $9,500 |
| Commonwealth 4 Bedroom Homes for Rent | $4,052 | $1,850 | $7,777 |
Browse Homes for Rent in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Commonwealth Neighborhood of Charlotte, NC.
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Commonwealth, Charlotte, NC Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Hill Apartments | One Bedroom Garden | 1BR,1BA | $950 |
| The Commons at St. Lloyd's | The Harper | 1BR,1BA | $952 |
| Kilborne Apartments | One Bedroom Garden | 1BR,1BA | $975 |
| Vista Commons | Enclave | 1BR,1BA | $999 |
| Joinery | S3 | Studio,1BA | $1,003 |
| Kinship | CL1 | 1BR,1BA | $1,034 |
| Summit on Central | Pilot | Studio,1BA | $1,077 |
| Country Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,090 |
| Elevate Tryon | 1BR/1.0BA | 1BR,1BA | $1,095 |
| The Ascher | S3-S | Studio,1BA | $1,107 |
Best Value Apartments for Rent in Commonwealth, NC
As of January 04, 2026 the best value apartment in the Commonwealth area is the $1.44 price per square foot 22HL Model at MAA Enclave in the in the Elizabeth neighborhood starting from $2,108. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MAA Enclave | 22HL | 2BR,2BA | $1.44 |
| Wallace Terrace Apartments | 3BR/2.0BA | 3BR,2BA | $1.21 |
| Overton Row | B3 | 2BR,2BA | $1.53 |
| Pines on Wendover Apartment Homes | 22D | 2BR,2BA | $1.38 |
| Enclave at Oakhurst | B2 | 2BR,1.5BA | $1.40 |
| Lake Hill Apartments | Two Bedroom Townhome | 2BR,1.5BA | $1.29 |
| Ashby Gardens | 1 Bedroom 1 Bath | 1BR,1BA | $1.41 |
| Kilborne Apartments | One Bedroom Garden | 1BR,1BA | $1.30 |
| Elevate Tryon | 1BR/1.0BA | 1BR,1BA | $1.56 |
| Vista Commons | Enclave | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleTop 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
Read ArticleQuick 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.
Best Local Schools in Commonwealth, Charlotte, NC
Chantilly Montessori
Piedmont Open Middle School
School data provided by Great Schools
Frequently Asked Questions about Commonwealth
What type of rentals are currently available in Commonwealth?
There are currently 292 Apartments for Rent in Commonwealth, NC with pricing that ranges from $950 to $25,200. There are also 204 Single Family Homes for rent, Condos, and Townhome rentals currently available in Commonwealth ranging from $525 to $9,500.
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 $525 to $9,500 with an average monthly rent of $2,353.
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 $1,301 to $12,914, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,470 to $9,500. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $3,969.
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

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.