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Highlights

  • Pet Friendly
  • Prime location
  • Fitness center
  • Rooftop terrace
  • Superior amenities
  • Breathtaking views
  • Oversized windows

Location

316 4th Ave, Pittsburgh, PA 15222, USA|Downtown Pittsburgh

Tour The Commonwealth Building

Contact

Management

Walnut Capital Management

Leasing office

(412) 436-3850

Open 

Monday 9:00 am–5:00 pm ET

Property Overview

The Commonwealth Building stands out with a Zumper Expert Rating of 9.9, reflecting its value, quality, and amenities rated at 10 out of 10. This property features a prime location with breathtaking views, oversized windows, and superior amenities including a fitness center and rooftop terrace. It is well-suited for those who prioritize wellness, pet friendliness, environmental sustainability, and a vibrant social life, supported by numerous nearby parks, restaurants, and recreational facilities.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.9
Excellent
With an impressive overall rating of 9.9 out of 10, The Commonwealth Building is one of the top properties in Downtown Pittsburgh. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.

Things you’ll love

  • Elevator
  • Images Available
  • Outdoor space

Great for

  • Eco living
  • Work-from-home
  • Wellness

Floor plans

Suite S2Studio1 bath434 sqft$1,257–$1,561 /mo
Suite S5Studio1 bath504 sqft$1,370–$1,742 /mo2 units available
Suite S4Studio1 bath468 sqft$1,386–$1,770 /mo3 units available
Suite S6Studio1 bath544 sqft$1,492–$1,832 /mo1 unit available
Suite A11 bed1 bath722 sqft$1,605–$1,952 /mo1 unit available
Suite A51 bed1 bath624 sqft$1,628–$1,947 /mo1 unit available
Suite A71 bed1 bath804 sqft$1,708–$2,099 /mo2 units available
Suite C22 bed2 bath937 sqft$2,338–$2,789 /mo

Amenities for The Commonwealth Building

Apartment Amenities

Air ConditioningHigh Ceiling
High CeilingsLarge Closets
Walk-in Closet

Appliances

Energy Efficient Air ConditioningIn-Unit Laundry
Washer and Dryer

Building

Cats OKDedicated Package Room
Dogs OKElevator
Fitness CenterResidents Lounge
Roof DeckSmoke Free Building

Grounds

Assigned ParkingDog Wash Station
Garage ParkingStorage

Services

24 Hour Emergency MaintenanceComplimentary Coffee
On-Site ManagementPackage Service
RecyclingResident Social Events

Neighborhood

Walkable Neighborhood

Other

Short Term Lease
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

Dog policy

Allowed 
Breed restrictionsYes
Limit2
Fee$250
Monthly Rent$30

Cat policy

Allowed 
Limit2
Fee$250
Monthly Rent$30

Call us today to learn more about our pet policy.

Breed restrictions include:

Pitt Bull, German Shepard, Doberman Pincher, Chow and Rottweiler

Parking

Garage ParkingContact for Price

Required one-time fees

Security Deposit$500
Security Deposit. Refundable amount: 100%
Building details

Property details

Units140
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About The Commonwealth Building

HomeApartments in PittsburghDowntown Pittsburgh The Commonwealth Building

Originally the Commonwealth Trust Bank, this historic skyscraper has served Downtown Pittsburgh for over a century. Now revitalized, The Commonwealth offers modern, light-filled apartments with exceptional amenities and breathtaking views, nestled in Pittsburgh’s Fourth Avenue Historic District. Live in luxury and sophistication while enjoying the vibrant culture of Downtown Pittsburgh. With superior amenities, resort-inspired services, and a prime location, The Commonwealth provides urban convenience alongside peace and tranquility. Choose from studio, one, or two-bedroom apartments featuring skyline views, 9-12' ceilings, and oversized windows. Residents enjoy exclusive amenities like a rooftop terrace, club/game room, and fitness center. Plus, The Commonwealth is pet-friendly, ensuring your furry friends feel at home, too.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.9
/10
Excellent
With an impressive overall rating of 9.9 out of 10, The Commonwealth Building is one of the top properties in Downtown Pittsburgh. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
How we rated The Commonwealth Building
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Commonwealth Building offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Commonwealth Building stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Commonwealth Building offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The Commonwealth Building has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Commonwealth Building.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Commonwealth Building has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

The Commonwealth Building is great for:

Eco living

  • 83 parks within a mile
  • On-site recycling or composting options
  • Energy efficient appliances
  • You can get around by foot in this area

Work-from-home

  • Common areas for meetings or remote work
  • 14 internet service provider options nearby
  • 4 coworking spaces or cafes within 1 mile
  • 2 office supply stores within 1 mile

Wellness

  • On-site fitness center or gym
  • HVAC systems available onsite
  • 83 parks nearby
  • 26 sports facilities (like tennis courts) nearby

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 The Commonwealth Building compares to other nearby properties.

Positives

Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery
Pet friendly
This property allows pets
Walk-in closet
More closet space on average

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.4 mile away
Greater distance from high schools
The nearest high school is farther than 0.2 mile away
Greater distance from middle schools
The nearest middle school is farther than 0.4 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Downtown Pittsburgh

Studio apartments at The Commonwealth Building cost about 6% less than the average rent price for studios in Downtown Pittsburgh.

1-bedroom apartments here are priced 5% lower than 1-bedrooms in Downtown Pittsburgh.

If you decide to upgrade your space, you can expect 2-bedrooms at The Commonwealth Building to be 8% less than the average for similarly sized apartments in Downtown Pittsburgh.

Median rents as of Sep 6 2025.
Downtown Pittsburgh
Pittsburgh
A table of studio rental data trends in Pittsburgh
MonthMedian Rent
September 2023$1,310
October 2023$1,244
November 2023$1,200
December 2023$1,117
January 2024$1,102
February 2024$1,124
March 2024$1,094
April 2024$1,136
May 2024$1,089
June 2024$1,144
July 2024$1,206
August 2024$1,250
September 2024$1,172
October 2024$1,150
November 2024$1,214
December 2024$1,146
January 2025$1,071
February 2025$1,057
March 2025$1,042
April 2025$1,098
May 2025$1,120
June 2025$1,183
July 2025$1,180
August 2025$1,204
September 2025$1,274
A table of studio rental data trends in Downtown Pittsburgh
MonthMedian Rent
September 2023$1,362
October 2023$1,222
November 2023$1,215
December 2023$1,265
January 2024$1,463
February 2024$1,756
March 2024$1,405
April 2024$1,553
May 2024$1,466
June 2024$1,537
July 2024$1,583
August 2024$1,552
September 2024$1,493
October 2024$1,479
November 2024$1,429
December 2024$1,607
January 2025$1,699
February 2025$1,606
March 2025$1,624
April 2025$1,527
May 2025$1,655
June 2025$1,616
July 2025$1,652
August 2025$1,637
September 2025$1,498

Affordability calculator

Can I afford to live at 316 4th Ave?

Bedrooms

Rent-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

$55,120/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,120 annually to afford this studio median monthly rent price of $1,378.
For more information on rent affordability, visit our rent calculator.

Schools near The Commonwealth Building

Pittsburgh Miller K-5

2055 bedford ave

pittsburgh, PA, 15219

PK, K-5Public
C-

Pittsburgh Conroy

1398 page st

pittsburgh, PA, 15233

K-12Public

Pittsburgh Spring Garden Early Childhood

1501 spring garden ave

pittsburgh, PA, 15212

PKPublic

Pittsburgh Oliver Citywide Academy

2323 brighton rd

pittsburgh, PA, 15212

3-12Public

Pittsburgh Pioneer

775 dunster st

pittsburgh, PA, 15226

K-12Public
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Internet available near The Commonwealth Building

Neighborhood

Downtown Pittsburgh | Pittsburgh, PA

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Pittsburgh near 316 4th Ave

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 316 4th Ave, Pittsburgh

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

7/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

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