The Commonwealth

240 Madison Ave, Memphis, TN 38103

Last Updated: 6 Days Ago

Floor Plan Summary
Monthly Rent	Bedrooms	Bathrooms	Sq. Ft.
$1,040 - $1,195	Studio	Studio	1 Bath	1 Bath	541 sq. ft.

Pricing and Floor Plans

The Townsend

$1,040 - $1,195

Studio, 1 Bath

, 541 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

208

$1,040

541 Sq. Ft.

3/20/26

* Price shown is total price based on community-supplied monthly required fees. 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. View Fees and Policies for details. 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 units / 8 stories

Fees and 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

Destination Address

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Walk Time
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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 Units
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

Area Scores

Walkability

Very walkable80 / 100

Transit

Some public transit50 / 100

Driveability

Exceptionally drivable90 / 100

Bikeability

Fairly bikeable50 / 100

Scores provided by

Soundscore ^™

Active70 / 100

Scores provided by

HowLoud

Transit

Commuter Rail

2 min Drive

Airport

Memphis International

15 min Drive

Moving to Downtown Memphis, Memphis, TN

Shopping Centers

Shoppers will appreciate The Commonwealth proximity to Peabody Place, Metro Shopping Plaza, and Trolley Stop. Peabody Place is 0.6 miles away, and Metro Shopping Plaza is within a 30 minute walk.

Commuting

With a TransitScore of 50, The Commonwealth has some public transit, including 1 transit stop within 1.3 miles. Transit options include Central Station.

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

Memphis Academy Of Science Engineering

Grades 6-12

Public

St Jude School Program

Grades K-12

Private

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

Property Address:

240 Madison Ave,
Memphis, TN 38103

Phone Number: (901) 203-5126

More Information:

View Property Website

Office Hours

SundayCLOSED
Monday9:00 AM - 6:00 PM
Tuesday9:00 AM - 6:00 PM
Wednesday9:00 AM - 6:00 PM
Thursday9:00 AM - 6:00 PM
Friday9:00 AM - 6:00 PM
Saturday10:30 AM - 6:00 PM