The Commonwealth
240 Madison Ave, Memphis, TN 38103
- Bedrooms
- 1 Bed1 Bed
- Bathrooms
- 1 Bath1 Bath
- Sq. Ft.
- 541 - 680 sq ft
Pricing and Floor Plans
The Lee
Show Floor Plan Details Hide Floor Plan Details
Unable to load floor plan details.
507
$1,295
621 Sq. Ft.
Now
303
$1,295
621 Sq. Ft.
Now
407
$1,295
621 Sq. Ft.
Now
307
$1,295
621 Sq. Ft.
Now
The Townsend
Show Floor Plan Details Hide Floor Plan Details
Unable to load floor plan details.
The Hickman
Show Floor Plan Details Hide Floor Plan Details
Unable to load floor plan details.
Details
Lease Term Options
- 12 - 24 Month Leases
Property Information
- Built in 2018
- 40 units8 stories
Fees & Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
One-Time Basics
Due at Application
-
Application Fee Per Applicant$50
-
Garage
Cats Allowed
-
Cats Allowed
Max of 2
Dogs Allowed
-
Dogs Allowed
Max of 2, 60 lbs. Weight Limit
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Matterport 3D Tours
Explore Commute Options
Apartment Features
- Air Conditioning
- Cable Ready
- Dining Room
- Dishwasher
- Disposal
- Double Pane Windows
- Eat-in Kitchen
- Freezer
- Granite Countertops
- Heating
- High Speed Internet Access
- Ice Maker
- Instant Hot Water
- Island Kitchen
- Kitchen
- Microwave
- Office
- Oven
- Pantry
- Range
- Refrigerator
- Security System
- Smoke Free
- Stainless Steel Appliances
- Storage Space
- Trash Compactor
- Tub/Shower
- Views
- Walk-In Closets
- Washer/Dryer
- Washer/Dryer Hookup
- Wheelchair Accessible (Rooms)
- Window Coverings
Community Features
- 24 Hour Access
- Bicycle Storage
- Controlled Access
- Courtyard
- Elevator
- Fitness Center
- Garages
- Grill
- Health Club Discount
- Hearing Impaired Accessible
- Key Fob Entry
- Multi Use Room
- Pet Washing Station
- Recycling
- Storage Space
- Utilities Included
- Vintage Building
- Wi-Fi
Map of The Commonwealth
Area Scores
Walkability
Very walkable
Transit
Some public transit
Driveability
Exceptionally drivable
Bikeability
Fairly bikeable
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Driveability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
Soundscore™
Active
A Sound Score rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.
Transit
Commuter Rail
1 min Drive
Airport
15 min Drive
Moving to Downtown Memphis, Memphis, TN
Commuting
With a TransitScore of 50, The Commonwealth has some public transit, including 1 transit stop within 1.2 miles. Transit options include Memphis.
Parks and Recreation
Recreational activities near The Commonwealth are plentiful. Discover 3 parks within 4.7 miles, including Mississippi River Museum at Mud Island, Memphis Zoo, and Children's Museum of Memphis.
Airports
Living in Downtown Memphis provides easy access to Memphis International, located just 15 minutes from The Commonwealth.
Local Education
Primary and Secondary Schools
St. Patrick School
Grades PK-5
Private
Downtown Elementary
Grades PK-5
Public
Veritas College Preparatory
Grades 6-8
Public
Memphis Grizzlies Preparatory Charter School
Grades K-8
Public
Manassas High
Grades 9-12
Public
Memphis Academy Of Science Engineering
Grades 6-12
Public
Data provided by GreatSchools.org © 2026. All rights reserved.
Colleges and Universities
| School | Commute Time (Distance) |
|---|---|
| UT Health Science Center | Walk: 18 min (0.9 mi) |
| Southwest Tenn., Union Avenue | Walk: 18 min (0.9 mi) |
| Rhodes College | Drive: 8 min (4.2 mi) |
| Christian Brothers University | Drive: 9 min (4.4 mi) |
About The Commonwealth
Drawing inspiration from the building’s previous incarnations, the redevelopment breathes a new life into the building as a multifaceted development, uniting Memphians with a common interest. We are delighted to offer forty apartments, commercial…
offices, a number of amenities at street-level, and space for collaboration and congregation.
The Commonwealth has modern kitchens & baths, in-unit laundry, wide open spaces and stately windows. Each unit has original floors, functional windows, authentic plaster & brick walls, unique structural ceilings & columns. The Commonwealth offers private, on-site parking, Indoor & outdoor gathering places, and is equipped with multiple high-speed, smart elevators. On-site storage, a bike shed, a fitness room and a dog wash area are available for all residents.
Drawing inspiration from the building’s previous incarnations, the redevelopment breathes a new life into the building as a multifaceted development, uniting Memphians with a common interest. We are delighted to offer forty apartments, commercial offices, a number of amenities at street-level, and space for collaboration and congregation.
The Commonwealth has modern kitchens & baths, in-unit laundry, wide open spaces and stately windows. Each unit has original floors, functional windows, authentic plaster & brick walls, unique structural ceilings & columns. The Commonwealth offers private, on-site parking, Indoor & outdoor gathering places, and is equipped with multiple high-speed, smart elevators. On-site storage, a bike shed, a fitness room and a dog wash area are available for all residents.
The Commonwealth is an apartment community in Memphis, TN
Contact
Memphis, TN 38103
- Sunday Closed
- Monday 9:00 AM – 6:00 PM
- Tuesday 9:00 AM – 6:00 PM
- Wednesday 9:00 AM – 6:00 PM
- Thursday 9:00 AM – 6:00 PM
- Friday 9:00 AM – 6:00 PM
- Saturday 10:30 AM – 6:00 PM
The Commonwealth Gallery
Nearby Properties You Might Like
Within 50 Miles of The Commonwealth
Find More Rentals in Memphis
Bedrooms
Other Types of Rentals
Memphis Apartments by Amenity
- Pet-Friendly Apartments in Memphis
- Furnished Apartments in Memphis
- Waterfront Apartments in Memphis
- Apartments with a Pool in Memphis
- Apartments with Wheelchair Access in Memphis
- Apartments with Washer & Dryer in Memphis
- Apartments with Utilities Included in Memphis
- Apartments with a Garage in Memphis
- Apartments with EV Charging in Memphis
- Apartments with a Virtual Tour in Memphis
Apartment Specialties
Apartments in your Budget
Find More Rentals Nearby…
Cities
Neighborhoods
Contact This Property
(901) 203-5126Languages: English, Spanish
Open 9:00 AM – 6:00 PM Today