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- Studio Bedrooms
- $1,040-$1,195 Pricing
- 541 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:
Floorplan Pricing and Availability
The Commonwealth offers Studio apartments starting from $1,040 and having 541 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
Studio
The Townsend
From $1,040
Studio, 1 Bath, 541 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit $1,040 Available Now 208 541 $500 Unit 208 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 208 Rent and Fees
Unit Price
- $1,040
Deposit
- $500 deposit
Model Rent and Fees
Model Price Range
- $1,040 - $1,195
Apartment Unit: 208Apartment Model: The Townsend$1,040Studio, 1 Bath, 541 sq ftAvailable Now
Schedule a Tour
3D Tours
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
Pet Policy and Fees
Cats- 2 Pet Limit
- 2 Pet Limit
- 60 Lb Weight Limit
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
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Transportation

Map
Hours and Contact Info
| 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 |
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 $1,040. 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 SearchNearby Schools
Downtown Elementary
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from The Commonwealth.
Arts Museums and Landmarks
Big Box and Retail
Walgreens
Kroger
Goodwill
Colleges and Universities
Southwest Tennessee Community College - Union Avenue Campus
The University of Tennessee Health Science Center - The University of Tennessee Health Science Center
Groceries
Kroger
Cash Saver
The Fresh Market
Hospitals
Military Bases
Memphis Defense Depot
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
Beale Street-Main Street Trolley
Third Street-Madison Avenue Trolley
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,045 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,150 | $525 | $2,881 |
| Memphis 2 Bedroom Apartments | $1,296 | $600 | $4,900 |
| Memphis 3 Bedroom Apartments | $1,714 | $715 | $6,827 |
| Memphis 4 Bedroom Apartments | $1,372 | $640 | $2,690 |
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