Cheap Homes for Rent in Commonwealth Neighborhood of Charlotte, NC from $700 (37 Rentals)

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

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.

property at 1323 Queens Rd

1323 Queens Rd

CharlotteNC28207

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.

property at 943 Norland Rd

943 Norland Rd

CharlotteNC28205
property at 2421 Pinckney Ave

2421 Pinckney Ave

CharlotteNC28205

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.

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.

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 $1,050. Vista Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,059. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$1,050
Vista CommonsEnclave1BR,1BA$1,059
JoineryS3Studio,1BA$1,068
Elevate Tryon1BR/1.0BA1BR,1BA$1,095
Eastover Ridge ApartmentsA11BR,1BA$1,146
The Residences at WindsorStudio, 1 bathStudio,1BA$1,150
Broadstone Optimist ParkS1Studio,1BA$1,190
300 Optimist ParkStudio (SPECIALS)Studio,1BA$1,195
Elizabeth StationS11BR,1BA$1,195
Ashby Gardens1 Bedroom 1 Bath Townhome1BR,1BA$1,199

Best Value Apartments for Rent in Commonwealth, NC

As of June 21, 2025 the best value apartment in the Commonwealth area is the $1.50 price per square foot C2 Model at Anker Haus in the in the Commonwealth neighborhood starting from $3,199. The second greatest value Commonwealth apartment is the 2 Bed/2 Bath Model at The Lofts at Hawthorne Mill starting at $1,685 with a $1.44 price per square foot in the Elizabeth 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.
Anker HausC23BR,2.5BA$1.50
The Lofts at Hawthorne Mill2 Bed/2 Bath2BR,2BA$1.44
1260 Duncan Gardens Dr, Unit 12601260 Duncan Gardens Dr2BR,2BA$1.48
Country Club Apartments3 Bedroom 1.5 Bathroom3BR,1.5BA$1.42
Wallace Terrace Apartments2BR/2.0BA2BR,2BA$1.18
Elevate Tryon1BR/1.0BA1BR,1BA$1.10
Enclave at OakhurstB22BR,1.5BA$1.37
Ashby Gardens1 Bedroom 1 Bath1BR,1BA$1.41
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$1.35
Vista CommonsEnclave1BR,1BA$1.58

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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Frequently Asked Questions about Commonwealth

What type of rentals are currently available in Commonwealth?

There are currently 282 Apartments for Rent in Commonwealth, NC with pricing that ranges from $850 to $9,329. There are also 149 Single Family Homes for rent, Condos, and Townhome rentals currently available in Commonwealth ranging from $750 to $7,900.

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 $750 to $7,900 with an average monthly rent of $3,402.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.