38 Photos4 3D Tours
- 1 Bedroom Bedrooms
- $1,200-$1,395 Pricing
- 621–680 Square 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
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (870) 771-3312
- Disclaimer:
Office Hours
| 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 |
Floorplan Pricing and Availability
The Commonwealth offers 1 Bedroom apartments starting from $1,200 and having 621–680 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
The Lee
From $1,395
1 Bed, 1 Bath, 621 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft View Details $1,395 Available Now 303 621 $1,395 Available Now 404 621 $1,395 Available Now 507 621 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
Model Price Range
- $1,295 - $1,395
Current Available Pricing
- $1,395
Unit 303 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
Unit 303 Rent and Fees
Unit Price
- $1,395
Model Rent and Fees
Model Price Range
- $1,295 - $1,395
Unit 404 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
Unit 404 Rent and Fees
Unit Price
- $1,395
Model Rent and Fees
Model Price Range
- $1,295 - $1,395
Unit 507 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
Unit 507 Rent and Fees
Unit Price
- $1,395
Model Rent and Fees
Model Price Range
- $1,295 - $1,395
Apartment Unit: 303Apartment Model: The Lee$1,3951 Bedroom, 1 Bath, 621 sq ftAvailable NowApartment Unit: 404Apartment Model: The Lee$1,3951 Bedroom, 1 Bath, 621 sq ftAvailable NowApartment Unit: 507Apartment Model: The Lee$1,3951 Bedroom, 1 Bath, 621 sq ftAvailable NowThe Hickman
1 Bed, 1 Bath, 680 sq ftAvailable SoonAvailability Details
Price Availability Date Unit Sq Ft $1,200 Available Soon 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
- $1,200
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. 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 request a tour.
3D Tours
Fitness Center
The Salon And Yard
1BR, 1BA - 978SF
1BR, 1BA - 941SF
Property Information
- 40 Units
- 8 Stories
- Built in 2018
Lease Terms
- 12 - 24 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$50.00
Parking Info and Fees
- Garage ParkingiPer month
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.
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
- Corporate Housing
- 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
Getting Around
80 / 100 Very Walkable
50 / 100 Some public transit
50 / 100 Fairly bikeable
90 / 100 Exceptionally car friendly
Scores provided by 
details
detailsGetting to Know the Area
90 / 100 Restaurants
70 / 100 Cafes
90 / 100 Nightlife
70 / 100 Shopping
60 / 100 Parks
40 / 100 Noise Level
Scores provided by
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?
1 Bedrooms at The Commonwealth currently start from $1,200. 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
Nearby Schools
Downtown Elementary
Shelby County Schools
10 North 4th Street
Public School - Grades PK-5 (784 Students)
In Attendance Zone1 minute drive / 0.1 miles away
Manassas High
Shelby County Schools
1111 North Manassas Street
Public School - Grades 9-12 (369 Students)
In Attendance Zone4 minute drive / 2.0 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
Goodwill
1810 Union Ave
5 minute drive / 2.79 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
The Fresh Market
2145 Union Ave
7 minute drive / 3.44 miles away
Aldi
4090 Elvis Presley Blvd
15 minute drive / 7.24 miles away
Hospitals
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 | $1,040 | $547 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,127 | $450 | $3,459 |
| Memphis 2 Bedroom Apartments | $1,254 | $561 | $5,158 |
| Memphis 3 Bedroom Apartments | $1,631 | $600 | $4,109 |
| Memphis 4 Bedroom Apartments | $1,472 | $550 | $3,901 |
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Viewing: The Commonwealth | Desktop Version | Listing Updated: 08/20/2026 | AHLPLA