Photos
- Studio–1 Bedrooms
- $1,095–$1,845Rent Pricing
- 541–948Square Feet
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 located in the Downtown Memphis Neighborhood and 38103 Zip code of Memphis, TN. This community is professionally managed by Left Field Properties
Property Contact Info
Floorplan Pricing and Availability
The Commonwealth offers Studio to 1 Bedroom apartments starting from $1,095 and having 541–948 sq ft. Here is the current pricing and availability:
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From $1,095
The Townsend
Studio, 1 Bath, 541 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft From $1,095 Available Now The Townsend 541 sq ft Model Amenities and Features
Features
- Air Conditioning
- Heating
- High Speed Internet Access
- Smoke Free
- Storage Space
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Eat-in Kitchen
- Ice Maker
- Island Kitchen
- Kitchen
- Microwave
- Pantry
- Range
- Refrigerator
Model Rent and Fees
Price Range
- $1,095 - $1,145
1 Bedroom
From $1,295
The Lee
1 Bed, 1 Bath, 621 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft From $1,295 Available Now The Lee 621 sq ft Model Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Heating
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Eat-in Kitchen
- Ice Maker
- Island Kitchen
- Microwave
- Oven
- Pantry
- Range
- Refrigerator
Model Rent and Fees
Price Range
- $1,295 - $1,345
From $1,795
The Sackett
1 Bed, 1 Bath, 948 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft From $1,795 Available Now The Sackett 948 sq ft Model Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Heating
- High Speed Internet Access
- Security System
- Smoke Free
- Storage Space
- Trash Compactor
- Tub/Shower
- Washer/Dryer
- Washer/Dryer Hookup
- Wheelchair Accessible (Rooms)
- Wi-Fi
Kitchen
- Dishwasher
- Disposal
- Eat-in Kitchen
- Freezer
- Granite Countertops
- Ice Maker
- Instant Hot Water
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Range
- Refrigerator
- Stainless Steel Appliances
Model Rent and Fees
Price Range
- $1,795 - $1,845
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.
Schedule a Tour
Call us at: (870) 771-3312 to schedule a tour.
Property Information
- 40 Units
- 8 Stories
- Built in 2018
- View Property Website
Lease Terms
- 1-2 years
Utilities Included
- Trash Removal
- Sewer
- Water
Pet Policy
Pet Policy - Cats
- $200 Fee
- 2 Pet Limit
- $25 Monthly Pet Rent
Pet Policy - Dogs
- $200 Fee
- 60 Lb Weight Limit
- $25 Monthly Pet Rent
- 2 Pet Limit
Parking Fees & Info
Parking Garage
- Garage Fee: $39 To $120 /Mo
Storage Fees & Info
Storage Unit
- $50/MO
Fee & Deposit Info
Recurring Fees
- $39 Garage Fee
One-Time Fees
- $50 Application Fee
3D Tours
Fitness Center
The Salon And Yard
1BR, 1BA - 978SF
1BR, 1BA - 941SF
Features and Amenities
On-Site Services
- Pet Washing Station
- Hearing Impaired Accessible
- Health Club Discount
- Recycling
- 24 Hour Access
- Key Fob Entry
Community Features
- Multi Use Room
- Vintage Building
- Elevator
Outdoor Features
- Grill
- Courtyard
- Controlled Access
Recreation and Fitness
- Fitness Center
- Bicycle Storage
Interior Features
- Storage Space
- Security System
- Heating
- Tub/Shower
- High Speed Internet Access
- Trash Compactor
- Cable Ready
- Washer/Dryer Hookup
- Washer/Dryer
- Air Conditioning
- Wi Fi
- Wheelchair Accessible (Rooms)
- Smoke Free
Kitchen Amenities
- Oven
- Pantry
- Island Kitchen
- Range
- Refrigerator
- Disposal
- Freezer
- Dishwasher
- Eat In Kitchen
- Microwave
- Stainless Steel Appliances
- Ice Maker
- Instant Hot Water
- Kitchen
- Granite Countertops
Living Area Features
- Walk In Closets
- Dining Room
- Double Pane Windows
- Office
- Views
- Window Coverings
Map
240 Madison Ave, Memphis, TN 38103
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Transportation
Map
Hours and Contact Info
Call Us - Open Now!
Currently Closed
By Appointment
| 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 |
| Sunday | Closed |
Getting Around
Walk Score®
92 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about The Commonwealth
Where is The Commonwealth located?
The Commonwealth is located at 240 Madison Ave near the Downtown Memphis area of Memphis, TN
What is the current rent range at The Commonwealth?
Studio to 1 Bedroom Apartments at The Commonwealth currently range from $1,095 to $1,845
When is the leasing office open?
- The office Hours for The Commonwealth are
- 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
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Nearby Schools
Downtown Elementary
Shelby County Schools
10 North 4th Street
Public School - Grades PK-5 (718 Students)
In Attendance Zone1 minute drive / 0.1 miles away
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.
About GreatSchools Data on ApartmentHomeLiving.com.
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from The Commonwealth.
Arts Museums and Landmarks
Big Box and Retail
Walgreens
2-8 N Main St
1 minute drive / 0.39 miles away
Kroger
1360 Poplar Ave
4 minute drive / 2.02 miles away
Autozone
385 N Cleveland St
4 minute drive / 2.06 miles away
Colleges and Universities
737 Union Avenue
2 minute drive / 0.83 miles away
899 Madison Ave
3 minute drive / 1.0 miles away
Groceries
Kroger
1360 Poplar Ave
4 minute drive / 2.02 miles away
Cash Saver
1620 Madison Ave
5 minute drive / 2.42 miles away
The Fresh Market
2145 Union Ave
7 minute drive / 3.44 miles away
Hospitals
Regional One Health
877 Jefferson Avenue
3 minute drive / 1.07 miles away
St. Jude Children's Research Hospital
262 Danny Thomas Place
3 minute drive / 1.09 miles away
Memphis Mental Health Institute
951 Court Avenue
3 minute drive / 1.15 miles away
Military Bases
9 minute drive / 4.47 miles away
Parks and Recreation
The Commonwealth has 3 parks within 7.7 miles, including Overton Park, Graceland, and Memphis Botanical Gardens.
Shopping Centers
The Commonwealth has 5 shopping centers within 0.6 miles.
Transit Stations
1 minute drive / 0.26 miles away
1 minute drive / 0.27 miles away
1 minute drive / 0.29 miles away
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,197 | $560 | $8,000 |
| Memphis 1 Bedroom Apartments | $1,323 | $200 | $6,798 |
| Memphis 2 Bedroom Apartments | $1,506 | $499 | $8,226 |
| Memphis 3 Bedroom Apartments | $2,000 | $730 | $7,917 |
| Memphis 4 Bedroom Apartments | $2,021 | $599 | $7,210 |
| Memphis 5 Bedroom Apartments | $5,603 | $2,495 | $9,560 |
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Viewing: The Commonwealth | Desktop Version | Listing Updated: 03/08/2025 | AHLPLA