Cheap Homes for Rent in Commonwealth Neighborhood of Charlotte, NC from $500 (47 Rentals)

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

property at 1511 Hamorton Pl

1511 Hamorton Pl

CharlotteNC28205
property at 823 Central Ave

823 Central Ave

CharlotteNC28204

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 1412 Park Dr

1412 Park Dr

CharlotteNC28204
property at 3818 Winfield Dr

3818 Winfield Dr

CharlotteNC28205

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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property at 1617 Fulton Ave

1617 Fulton Ave

CharlotteNC28205
property at 205 S Kings Dr

205 S Kings Dr

CharlotteNC28204

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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property at 2010 N Brevard St

2010 N Brevard St

CharlotteNC28206
property at 515 N Church St

515 N Church St

CharlotteNC28202
property at 1824 N Brevard St

1824 N Brevard St

CharlotteNC28206
property at 110 Razades Wy

110 Razades Wy

CharlotteNC28206

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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property at 3136 Creighton Dr

3136 Creighton Dr

CharlotteNC28205
property at 1133 Harding Pl

1133 Harding Pl

CharlotteNC28204
property at 715 N Church St

715 N Church St

CharlotteNC28202
property at 715 N Church St

715 N Church St

CharlotteNC28202

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.

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Showing Results 1-47, Page 1 of 1

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 The Commons at St. Lloyd's priced from $952. Lake Hill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Commonwealth apartments for rent in Charlotte, NC:

Apartment ListingModel NameBed/BathPriced From
The Commons at St. Lloyd'sThe Harper1BR,1BA$952
Lake Hill ApartmentsOne Bedroom Garden1BR,1BA$975
Kilborne ApartmentsOne Bedroom Garden1BR,1BA$975
Vista CommonsEnclave1BR,1BA$999
KinshipCL11BR,1BA$1,034
JoineryS3Studio,1BA$1,069
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1,090
Elevate Tryon1BR/1.0BA1BR,1BA$1,095
Dunloe CharlotteA1 - 1 Bedroom / 1 Bath1BR,1BA$1,095

Best Value Apartments for Rent in Commonwealth, NC

As of December 16, 2025 the best value apartment in the Commonwealth area is the $1.44 price per square foot D2.2 Model at Eastover Ridge Apartments in the in the Myers Park neighborhood starting from $1,979. The second greatest value Commonwealth apartment is the C1.1 Model at Marvel at Plaza Midwood starting at $1,525 with a $1.47 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.
Eastover Ridge ApartmentsD2.23BR,2BA$1.44
Marvel at Plaza MidwoodC1.11BR,1BA$1.47
MAA Enclave22E2BR,2BA$1.61
Pines on Wendover Apartment Homes22D2BR,2BA$1.38
Lake Hill ApartmentsTwo Bedroom Garden2BR,2BA$1.26
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
Elevate Tryon1BR/1.0BA1BR,1BA$1.56
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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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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Pet Friendly Lifestyle
Commonwealth, Charlotte, NC

Ranked #37

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Commonwealth, Charlotte, NC

School data provided by Great Schools

Frequently Asked Questions about Commonwealth

What type of rentals are currently available in Commonwealth?

There are currently 295 Apartments for Rent in Commonwealth, NC with pricing that ranges from $952 to $33,600. There are also 238 Single Family Homes for rent, Condos, and Townhome rentals currently available in Commonwealth ranging from $550 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 $550 to $9,500 with an average monthly rent of $2,684.

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 $10,316, 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

decorative image for The 10 Best Affordable Neighborhoods in Charlotte, NC article

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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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!