Updated 1 Day Ago
Location
488 Commonwealth Ln, Fate, TX 75189, USA
Tour 488 Commonwealth Ln
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FirstKey Homes
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Amenities for 488 Commonwealth Ln
Features
| Balcony |
Appliances
| Garbage Disposal |
Community
| Laundry Hookups | Onsite Laundry |
Grounds
| Swimming Pool |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
All Policy
Allowed
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Questions about this property’s policies and fees?
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About 488 Commonwealth Ln
Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple! This 4-bedroom, 2-bathroom rental home in Fate, TX, may be the right place for you. Enjoy outdoor living on the private patio/balcony. W/D hookups help make your life easier. See the pictures to learn more. And apply soon – homes can go fast! This home is available to pre-lease! Reserve it by paying a refundable Hold Fee. (Exceptions apply in Colorado.) Find out more about pre-leasing on the Pre-Leasing page of the FirstKey Homes website. This home is currently occupied and coming soon; please respect the current resident's privacy and do not disturb. This home may conveniently feature high-speed internet service for an additional monthly fee of $55, where available. This service includes installation and equipment; no data caps; no extra fees. Please note that the advertised price may exclude additional fees. These include a $55 application fee per applicant; a one-time $75 admin fee; an $11 monthly utility management fee; other mandatory fees, if applicable, for pool maintenance, pet fees/rent, smart home, internet service, and propane refilling; and optional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99). HOAs may also charge mandatory application and amenity fees, where applicable, which must be paid directly to the HOA. For a comprehensive overview of all potential fees, please see the Rental Fees page on the FirstKey Homes website. FirstKey Homes, LLC is an Equal Housing Lessor under the FHA. Applicable local, state and federal laws may apply. Lease terms and conditions apply. This is not an offer to rent; you must submit additional information for review and approval. Listed features may not be accurate; confirm details with a leasing representative. Certain cities and municipalities (including St. Louis and Chicago) require a home inspection prior to a new resident taking possession of the home. Please note that your move-in date could be adjusted to accommodate inspection requirements. Ask your leasing agent for more details. BEWARE OF RENTAL SCAMS: FirstKey Homes exclusively manages our homes (no third-party management). We do not lease homes through, Facebook Marketplace, or other classified advertising services. All applications and lease signing can only be completed through our online platform. We will never ask for wire transfers, cash apps like Venmo, Zelle, Cash App, PayPal, or any other transferring method to collect funds. Some photos may feature virtual furniture staging, which is intended to help visualize the space and potential designs. The rental home does not come with any furniture shown in the images and these virtual images do not represent actual furnishings. Listing photos are provided to help you select a home; all photos shown are for representative and illustrative purposes only but may not be exact. Colors and photo size may vary based on different resolutions, hue, brightness, contrast, or other photo variations. Photos on websites may be modified, changed, or amended at any time. For new construction homes, actual homes may vary; photos may be of similar home/floorplan; home may be under construction and photos may not be of actual home; individual homes, amenit..
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 488 Commonwealth Ln compares to other nearby properties.
Positives
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
- Pet friendly
- This property allows pets
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 75189 |
|---|---|
| Type | House for rent |
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Rent trends in Fate
4-bedroom apartments at 488 Commonwealth Ln cost about 9% more than the average rent price for 4-bedroom apartments in Fate.
Median rents as of Aug 22 2026.
Fate
| Month | Median Rent |
|---|---|
| September 2024 | $2,355 |
| October 2024 | $2,298 |
| November 2024 | $2,449 |
| December 2024 | $2,447 |
| January 2025 | $2,400 |
| February 2025 | $2,440 |
| March 2025 | $2,394 |
| April 2025 | $2,437 |
| May 2025 | $2,398 |
| June 2025 | $2,459 |
| July 2025 | $2,425 |
| August 2025 | $2,319 |
| September 2025 | $2,358 |
| October 2025 | $2,360 |
| November 2025 | $2,335 |
| December 2025 | $2,350 |
| January 2026 | $2,382 |
| February 2026 | $2,378 |
| March 2026 | $2,336 |
| April 2026 | $2,398 |
| May 2026 | $2,352 |
| June 2026 | $2,333 |
| July 2026 | $2,293 |
| August 2026 | $2,400 |
Affordability calculator
Can I afford to live at 488 Commonwealth Ln?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$104,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $104,200 annually to afford this 4-bedrooms monthly rent price of $2,605.
For more information on rent affordability, visit our rent calculator.
Schools near 488 Commonwealth Ln
LUPE GARCIA EL
310 williamsburg pkwy
fate, TX, 75132
PK, K-6Public
A-
Harry Herndon Elementary School
300 n blackland rd
royse city, TX, 75189
K-5Public
B+
Sharon Shannon Elementary School
3130 fontanna blvd
rockwall, TX, 75032
PK, K-6Public
A
Ruth Cherry Elementary School
1400 fm 1777
royse city, TX, 75189
K-5Public
B
Sherry And Paul Hamm Elementary School
2911 greenway dr
rockwall, TX, 75087
PK, K-6Public
A
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Internet available near 488 Commonwealth Ln
Neighborhood
Getting around Fate near 488 Commonwealth Ln
Walking
2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 488 Commonwealth Ln, Fate
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
2/10
Some shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
4/10
Some restaurants within a short drive
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
2/10
Some bars within a short drive
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