Photos
- Studio–1 Bedrooms
- $1,395Pricing
- 541–680Square 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 $995 and having 541–680 sq ft. Here is the current pricing and availability:
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$995
308
Studio, 1 Bath, 541 sq ft$500 depositAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit $995 Available Now 308 541 $500 Unit 308 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
Unit 308 Rent and Fees
Unit Price
- $995
Deposit
- $500 deposit
Apartment Unit: 308Apartment Model: The Townsend$995Studio, 1 Bath, 541 sq ftAvailable Now1 Bedroom
The Hickman
$1,395
1 Bed, 1 Bath, 680 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,395 Available Now The Hickman 680 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
Model Price
- $1,395
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.
Matterport 3D Tours
Fitness Center
The Salon And Yard
1BR, 1BA - 978SF
1BR, 1BA - 941SF
Property Information
- 40 Units
- 8 Stories
- Built in 2018
- View Property Website
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Lease Terms
- 12 - 24 mo
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
Required Fees
One-Time Move-In Fees
- Due at Application
- Application Fee Per Applicant$50
Pet Policy and Fees
Cats
- 2 Pet Limit
- $25 Monthly Pet Rent
- $200 Fee
Dogs
- 2 Pet Limit
- $25 Monthly Pet Rent
- $200 Fee
- 60 Lb Weight Limit
Parking Info and Fees
- Garage ParkingiPer month
- $120/Mo
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 at The Commonwealth currently start from $995. Call today for more info!
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
Southwest Tennessee Community College - Union Avenue Campus
737 Union Avenue
2 minute drive / 0.83 miles away
The University of Tennessee Health Science Center - The University of Tennessee Health Science Center
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
Memphis Defense Depot
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 1.0 miles.
Transit Stations
Peabody Place-Main Street Trolley
1 minute drive / 0.26 miles away
Beale Street-Main Street Trolley
1 minute drive / 0.27 miles away
Third Street-Madison Avenue Trolley
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 | $1,054 | $560 | $7,990 |
| Memphis 1 Bedroom Apartments | $1,169 | $525 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,312 | $625 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,675 | $759 | $4,130 |
| Memphis 4 Bedroom Apartments | $1,376 | $599 | $5,868 |
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Viewing: The Commonwealth | Desktop Version | Listing Updated: 10/13/2025 | AHLPLA