The Commonwealth

240 Madison Ave, Memphis, TN 38103

Last Updated: 3 Days Ago
Monthly Rent
$1,040 - $1,295
View Fees and Policies
Bedrooms
1 Bed
Bathrooms
1 Bath
Sq. Ft.
541 - 680 sq ft

Pricing and Floor Plans

The Lee

$1,295
1 Bed, 1 Bath
621 Sq. Ft.
Show Floor Plan Details
4 Available Units
Unit
Price
Sq. Ft.
Available
507
$1,295
621
Now
303
$1,295
621
Now
407
$1,295
621
Now
307
$1,295
621
Now

The Townsend

$1,040 - $1,195
1 Bed, 1 Bath
541 Sq. Ft.
Show Floor Plan Details
Available Now

The Hickman

$1,200
1 Bed, 1 Bath
680 Sq. Ft.
Show Floor Plan Details
Available Soon
* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

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

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

Drive Time
Walk Time
Bike Ride Time
Public Transit

Apartment Features

  • Air Conditioning
  • Cable Ready
  • Dining Room
  • Dishwasher
  • Disposal
  • Double Pane Windows
  • Eat-in Kitchen
  • Freezer
  • Granite Countertops
  • Heating

Community Features

  • 24 Hour Access
  • Bicycle Storage
  • Controlled Access
  • Courtyard
  • Elevator
  • Fitness Center
  • Garages
  • Grill
  • Health Club Discount
  • Hearing Impaired Accessible

Map of The Commonwealth

Area Scores

Walkability

Very walkable

Transit

Some public transit

Driveability

Exceptionally drivable

Bikeability

Fairly bikeable

Scores provided by

Soundscore

Active

Scores provided by

Transit

Commuter Rail

1 min Drive

Amtrak

Airport

Memphis International

15 min Drive

MEM

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

Not rated

St. Patrick School

Grades PK-5

Private

GreatSchools rating: 2 out of 10

Downtown Elementary

Grades PK-5

Public

GreatSchools rating: 4 out of 10

Veritas College Preparatory

Grades 6-8

Public

GreatSchools rating: 7 out of 10

Memphis Grizzlies Preparatory Charter School

Grades K-8

Public

GreatSchools rating: 3 out of 10

Manassas High

Grades 9-12

Public

GreatSchools rating: 4 out of 10

Memphis Academy Of Science Engineering

Grades 6-12

Public

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

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.

The Commonwealth is an apartment community in Memphis, TN

Contact

Property Address:
240 Madison Ave,
Memphis, TN 38103
Phone Number: (901) 203-5126
More Information:
View Property Website
Office Hours
  • 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

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Contact This Property

(901) 203-5126
Tour Options: In-Person, Video

Languages: English, Spanish

Open 9:00 AM – 6:00 PM Today

View All Hours