Museum Lofts
1 Bed
$1,000 - $1,410
The Commonwealth
240 Madison Ave, Memphis, TN 38103
| Monthly Rent | Bedrooms | Bathrooms | |||
|---|---|---|---|---|---|
| $1,040 - $1,195 | Studio | Studio | 1 Bath | 1 Bath | 541 sq. ft. |
| View Fees and Policies |
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
$1,195
541 Sq. Ft.
Now
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
- Garage
Cats
- Cats Allowed
Max of 2
Dogs
- 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
Destination Address
- 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
- 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 and Metro Shopping Plaza. 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 Catholic School
Grades PK-6
Private
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
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
Property Address: 240 Madison Ave,
Memphis, TN 38103
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
The Commonwealth Gallery
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Contact this Property
(901) 203-5126Tour Options:
In-Person,
Video
Languages: English & Spanish
Open 9:00 AM - 6:00 PM Today
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