Zumper

OFFER:

Sign a 12–14 month lease by April 18 for a move-in between April and June and receive $500 off your first month’s rent and a waived admin fee ($150 value)! Exclusions and limitations may apply. For new residents only.

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1 Hour Ago

Highlights

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

Location

316 4th Ave, Pittsburgh, PA 15222, USA|Downtown Pittsburgh
Hi! Let’s figure out if this property is right for you.

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Contact

Management

Walnut Capital Management

Our team has verified this company

Leasing office

(412) 436-3850

Open 

Thursday 9:00 am–5:00 pm ET

Property Overview

The Commonwealth Building showcases an impressive overall score of 9.9 from Zumper, reflecting its exceptional value and quality. Notable features include superior amenities such as a fitness center and rooftop terrace, paired with a prime location that offers breathtaking views and easy access to essential services. Additionally, it is recognized for its environmental sustainability, pet-friendly spaces, and vibrant social life, making it a versatile choice for various lifestyles.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, The Commonwealth Building is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Commonwealth Building has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elevator
  • Images Available

Great for

  • Work-from-home
  • Social life
  • Wellness

Floor plans

Suite S2Studio1 bath434 sqft$1,368–$1,793 /mo1 unit available
Suite S5Studio1 bath504 sqft$1,478–$1,933 /mo4 units available
Suite S7Studio1 bath553 sqft$1,485–$1,923 /mo1 unit available
Suite S4Studio1 bath468 sqft$1,488–$1,933 /mo2 units available
Suite S6Studio1 bath544 sqft$1,575–$2,021 /mo1 unit available
Suite A61 bed1 bath580 sqft$1,608–$2,078 /mo3 units available
Suite A41 bed1 bath615 sqft$1,701–$2,214 /mo4 units available
Suite A51 bed1 bath624 sqft$1,702–$2,164 /mo1 unit available
Suite A71 bed1 bath804 sqft$1,798–$2,286 /mo3 units available
Suite B21 bed1 bath833 sqft$1,941–$2,423 /mo1 unit available
Suite C22 bed2 bath937 sqft$2,278–$2,879 /mo3 units available

Let's explore this property.

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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Deposit

One-time. Security Deposit.

$500–$2,365

Electricity

Monthly. Electricity.

Usage Based

Hvac

Monthly. Hvac.

Usage Based

W&s

Monthly. Water & Sewage.

Usage Based

Admin Fee

Monthly. Master Policy Administrative Fee.

$2

Master Policy

Monthly. Master Policy Insurance.

$9.50

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2
Breed restrictionsYes

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

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max.

$30

Pet Fee

One-time fee per pet.

$250

Pet Deposit

One-time deposit per pet.

$0

Dog

Pet Rent

Monthly. 2 dogs max. Call us today to learn more about our pet policy.

$30

Pet Fee

One-time fee per pet.

$250

Pet Deposit

One-time deposit per pet.

$0

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Units141
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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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The Commonwealth Building is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Commonwealth Building has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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·9A 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 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While The Commonwealth Building does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

The Commonwealth Building is great for:

Work-from-home

  • Common areas for meetings or remote work
  • 9 coworking spaces or cafes within 1 mile
  • 8 internet service provider options nearby
  • 3 office supply stores within 1 mile

Social life

  • 384 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • Area has 90 parks and recreation options
  • 58 local event hubs within 1 mile

Wellness

  • On-site fitness center or gym
  • HVAC systems available onsite
  • 90 parks nearby
  • This property has patios or balconies for fresh air

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

Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
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

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 0% less than the average rent price for studios in Downtown Pittsburgh.

1-bedroom apartments here are priced 8% higher than 1-bedrooms in Downtown Pittsburgh.

If you decide to upgrade your space, you can expect 2-bedrooms at The Commonwealth Building to be 10% less than the average for similarly sized apartments in Downtown Pittsburgh.

Median rents as of Mar 28 2026.
Downtown Pittsburgh
Pittsburgh
A table of studio rental data trends in Pittsburgh
MonthMedian Rent
April 2024$1,150
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$1,286
October 2025$1,254
November 2025$1,255
December 2025$1,186
January 2026$1,173
February 2026$1,143
March 2026$1,146
A table of studio rental data trends in Downtown Pittsburgh
MonthMedian Rent
April 2024$1,696
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$1,485
October 2025$1,508
November 2025$1,488
December 2025$1,515
January 2026$1,565
February 2026$1,557
March 2026$1,503

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

$59,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,400 annually to afford this studio median monthly rent price of $1,485.
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

Council of Three Rivers American Indian Center Head Start - Rochelle Street Center

201 rochelle st

pittsburgh, PA, 15210

PKPublic

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
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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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