488 Commonwealth Ln, Fate, TX 75189
Property image
Property image
FOR RENT
PET FRIENDLY

$2,605/mo

  • 4 Beds
  • 2 Baths
  • 1,964 sqft

488 Commonwealth Ln, Fate, TX 75189

Available Oct 22
Verified
Price may not include required fees and charges.
Cost and fees breakdown

Home Highlights

Single-Family Home
Garage
Dogs & Cats Allowed
Laundry
Central & Central Air
$2,605 deposit

Local Information

  • Map ViewExplore the area around 488 Commonwealth Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

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 Craigslist, 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, amenities, features, and views may differ.
Contact this Building
Property Website
(903) 664-8505

Details for 488 Commonwealth Ln

Interior Features

Heating & Cooling
Heating: CentralAir ConditioningHeating Fuel: Central

Days on Market

Days on Market: 11 days on Trulia

Property Information

Year Built
Year Built: 2014
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For DetailsAvailable: Oct 22ndCats, small dogs allowedDeposit: $2,605

Exterior Features

Parking & Garage
GarageParking: Garage, On Site
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Costs and Fees

Required monthly rent & fees
  • Base rent
    $2,605/mo
  • High-Speed Internet Fee
    $55/mo
  • Homeowners association fee
    $0/mo
  • Trash Fee
    $0/mo
  • Utility Management Fee
    $11/mo
Optional monthly rent & fees
  • Pet Rent
    $30/mo
Required one-time fees
  • Security deposit
    $2,605
  • Application fee
    $55
  • Administrative fee
    $75
Optional one-time fees
  • Pet Fee
    $300
  • Prelease Hold Fee
    $500
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
See more

Rental Market Trends in Fate

Last updated Sep 2026
Trulia Rent Estimate$2,331/mo
Average rent
$2.2K
Available listings
80
View rental market trends in Fate, TX

Around this home

What Locals Say about Fate

At least 95 Trulia users voted on each feature.

  • 99 % Say yards are well-kept

  • 91 % Say car is needed

  • 91 % Say parking is easy

  • 90 % Say there's holiday spirit

  • 88 % Say it's dog friendly

  • 88 % Say there are sidewalks

  • 84 % Say kids play outside

  • 76 % Say people would walk alone at night

  • 72 % Say it's quiet

  • 65 % Say streets are well-lit

  • 61 % Say neighbors are friendly

  • 56 % Say they plan to stay for at least 5 years

  • 50 % Say there are community events

  • 43 % Say there's wildlife

  • 14 % Say it's walkable to grocery stores

  • 11 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "People speed through the neighborhood. This neighborhood is OK but the schools aren’t as good as advertised. "
    0
    Flag
  • Rachel Cassady
    "Dog friendly community. Must keep dogs on a leash at all times. City requires all pets to be registered and have vaccinations as well "
    0
    Flag
  • Rachel Cassady
    "Great schools! Fast growing community with several neighborhoods to choose from. Local elementary school and middle school school within walking distance of neighborhoods. "
    0
    Flag
  • Araucojose
    "Fantasy football leagues in the community, pool parties, potlucks, fishing tournaments. Pretty much close communty"
    0
    Flag
  • Trulia User
    "People can drive pretty fast through neighborhoods is my only issue, so watch your children carefully and tell them to be mindful and watch the roads."
    0
    Flag
  • Regina Grant
    "Neighborhood feals pretty safe and it’s pretty quiet. They’re building a lot of things around here to make it easier to get to."
    0
    Flag
  • R Gibby
    "Great neighborhood! People are friendly and are always willing to help when in need. The neighborhood has golf cart socials that create an opportunity to meet people in the neighborhood. "
    0
    Flag
  • Latonya Martin
    "Search for community activities, school events. Community groups are useful sometimes. City group pages offer updates at times."
    0
    Flag
  • Desu
    "A lot of free space to walk dogs. Nice neighborhood with nice sidewalks and lots of outdoor spaces to walk dogs "
    0
    Flag
  • Gil L.
    "Great quiet neighborhood. Well maintained and family oriented. There is also very minimal crime and the police department patrols regularly."
    0
    Flag
  • Emsheff
    "The commute to shopping and restaurants is acceptable. The interstate does get bogged down during peak rush hour times, but thst is to be expected living so close to Dallas "
    0
    Flag
  • Mark E.
    "nice area to live, good community, nearby shopping, downtown is being rebuilt, well maintained subdivision."
    1
    Flag
  • Shawn R.
    "This neighborhood is just spectacular although it's new, it's quiet, and elegant I'm in love with it."
    0
    Flag
  • cbass
    "I dont participate in events. neighbors care for and watch out for each other. I am thankful for people, not a social event."
    1
    Flag
  • Mohammad A.
    "I've been living here for about 6 weeks only but so far it seems like a family friendly safe environment,, highly recommended!"
    0
    Flag
  • Maribel P. H.
    "Commute to Dallas 5 days a week - not too bad if you leave before 7am. On bad days commute is over an hour on good days 35 minutes. Easy access to I30"
    1
    Flag
  • Lacycheyenne92
    "Scheduled garage sales from every few months. Neighbors are very nice. There is a school nearby for our children."
    1
    Flag
  • Mrsplomares
    "Quiet neighborhood and makes you feel safe. Neighbors look out for each other. Nice and clean parks near by. Swimming pool is well maintain. Community gatherings often take place. "
    0
    Flag
  • amandaconnolly
    "We’ve lived here nearly three years and mostly love it. Great for kids, good pool, and nice people. Most people keep to themselves. "
    1
    Flag
  • sammy_may35
    "Woodcreek Development in Fate, TX (Rockwall, Tx) is a wonderful area for families. They are all the time offering up activies for the whole family as well as for adults. Anyone wanting to live in an area that is safe, secure, quiet and friendly this is the place."
    0
    Flag

Local Legal Protections

LGBTQ • Source of Income

Price and Tax history

DateEventPrice
Aug 24, 2026
Source: Zillow Rentals
Listed For Rent
$2,605
Oct 31, 2023
Source: Zillow Rentals
ListingRemoved
Oct 31, 2023
Source: Zillow Rentals
PriceChange
$1,885
Price decreased by 10%
Oct 27, 2023
Source: Zillow Rentals
PriceChange
$2,085
Price decreased by 9%
Oct 13, 2023
Source: Zillow Rentals
PriceChange
$2,285
Price decreased by 2%
FirstKey Homes, LLC
Phone Number: 903-664-8505

Frequently asked questions about 488 Commonwealth Ln

  • What income do you need to rent 488 Commonwealth Ln?
    Most landlords look for monthly gross income of about 3× rent, or roughly $95K per year to rent 488 Commonwealth Ln in Fate, TX at $2,605/mo.
  • What is the pet policy at 488 Commonwealth Ln?
    488 Commonwealth Ln in Fate, TX allows cats and small dogs.
  • How does the rent for 488 Commonwealth Ln compare to similar 4+ bedroom houses in Fate?
    488 Commonwealth Ln in Fate, TX rents about 5% below the area average for 4+ bedroom houses in Fate ($2,739/mo).
  • What are the closest schools to 488 Commonwealth Ln?
    The closest schools to 488 Commonwealth Ln in Fate, TX are Lupe Garcia Elementary School (Pre-K, rated 6/10), New 9th Center South Side (Middle/High), Rockwall-Heath High School (rated 7/10).
  • Does 488 Commonwealth Ln have a garage?
    Yes, 488 Commonwealth Ln in Fate, TX has a garage.

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
$93,780 PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

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488 Commonwealth Ln, Fate, TX is a 4 bedroom, 2 bathroom, 1,964 sqft single-family home built in 2014. 488 Commonwealth Ln was listed for rent for $2,605/month on Aug 24, 2026. This property is pet friendly.