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The Commonwealth Apartments

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(870) 771-3312
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240 Madison Ave, Memphis, TN 38103

Contact

The Commonwealth

240 Madison Ave
Memphis, TN 38103
(870) 771-3312
The Commonwealth in Memphis, TN - Building Photo
  • 1 Bedroom Bedrooms
  • $1,295-$1,395 Pricing
  • 621 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

Office Hours

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
SundayClosed

Floorplan Pricing and Availability

The Commonwealth offers 1 Bedroom apartments starting from $1,395 and having 621 sq ft. Here is the current pricing and availability:

    • 1 Bedroom

      The Lee

      From $1,395

      1 Bed, 1 Bath, 621 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtView Details
      $1,395Available Now303621
      $1,395Available Now507621

      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 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
    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

    Schedule a Tour
    Call us at: (870) 771-3312 to 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
    Dogs
    • 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
    Google Map

    Map

    240 Madison Ave, Memphis, TN 38103

    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 $1,395. 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

    • Luxury 3.2

      The Luxury rating shows you how this community's high end floorplan pricing relates to the local average.

      Rating Factors

      This 3.2-star Luxury rating is based on the following features:

      • Views
      • Smoke Free Options
      • Granite Countertops
      • Controlled Gate Access
      • Fitness Center
      • Stainless Steel Appliances
      • Pet Washing Station
      • Key Fob Entry
      • Elevator(s)
      • High Speed Internet Access
      • Pantries
      • Island Kitchens
      • Ranges
      • Refrigerators
      • Disposals
      • Freezers
      • Dishwashers
      • Ice Makers
      • Instant Hot Water
      • Kitchens
      • Dining Rooms
      • Double Pane Windows
      • Window Coverings
      • Hi Speed Internet/Wi-Fi
      • Air Conditioning
      • Washer/Dryer In Unit
      • Trash Compactor
      • Tub/Showers
      • Heating
      • Security Systems
      • Storage Spaces
      • Bicycle Storage
      • Courtyard
      • Grill(s)
      • Multi-Use Room
      • 24 Hour Access
      • Recycling
      • Cable Ready
      See more
      See less
    • Family Friendly 3.6

      Family Friendly apartments feature the best community amenities for larger families like larger floorplans, playgrounds and day care options.

      Rating Factors

      This 3.6-star Family Friendly rating is based on the following features:

      • Smoke Free Options
      • Fitness Center
      • Controlled Gate Access
      • Washer/Dryer In Unit
      • Pet Washing Station
      • Key Fob Entry
      • Multi-Use Room
      • Elevator(s)
      • Bicycle Storage
      • Dishwashers
      • Eat in Kitchen or Dining Rooms
      • High Speed Internet Access
      • Island Kitchens
      • Disposals
      • Freezers
      • Ice Makers
      • Instant Hot Water
      • Kitchens
      • Granite Countertops
      • Dining Rooms
      • Double Pane Windows
      • Office(s)
      • Views
      • Window Coverings
      • Pantries
      • Wheelchair Access
      • Hi Speed Internet/Wi-Fi
      • Air Conditioning
      • Washer/Dryer Hookups
      • Tub/Showers
      • Heating
      • Security Systems
      • Storage Spaces
      • Courtyard
      • Grill(s)
      • 24 Hour Access
      • Health Club Discounts
      • Cable Ready
      See more
      See less
    • Transit Friendly 3.0

      Transit Friendly apartments feature a fantastic location and great access to local mass transit.

    • Accessibility 3.2

      Rentals with high ratings in the Accessibility category have featured top amenities and community services that can help provide for a more accessible living experience for residents.

      Rating Factors

      This 3.2-star Accessibility rating is based on the following features:

      • Wheelchair Access
      • Hearing Impaired Accessible
      • Smoke Free Options
      • Key Fob Entry
      • Elevator(s)
      • Controlled Gate Access
      • Security Systems
      • Tub/Showers
      • Air Conditioning
      • Disposals
      • Dishwashers
      See more
      See less
    • Eco-Friendly 3.2

      The Eco-Friendly Lifestyle score highlights how amenities and features at top local communities may support environmentally friendly, clean, and energy efficient living.

      Rating Factors

      This 3.2-star Eco-Friendly rating is based on the following features:

      • Smoke Free Options
      • Recycling
      • Double Pane Windows
    • Student Living 3.4

      Rentals that are highly rated for the Student Living Lifestyle rating have top features and amenities that benefit students and others who enjoy living the student lifestyle.

      Rating Factors

      This 3.4-star Student Living rating is based on the following features:

      • Hi Speed Internet/Wi-Fi
      • Washer/Dryer In Unit
      • Window Coverings
      • Views
      • Smoke Free Options
      • Storage Spaces
      • Bicycle Storage
      • Fitness Center
      • Elevator(s)
      • Multi-Use Room
      • 24 Hour Access
      • Ovens
      • Pantries
      • Ranges
      • Refrigerators
      • Disposals
      • Dishwashers
      • Eat in Kitchen or Dining Rooms
      • Stainless Steel Appliances
      • Ice Makers
      • Instant Hot Water
      • Kitchens
      • Granite Countertops
      • Dining Rooms
      • Health Club Discounts
      • Pet Washing Station
      • Recycling
      • Wheelchair Access
      • Air Conditioning
      • Key Fob Entry
      • Washer/Dryer Hookups
      • High Speed Internet Access
      • Tub/Showers
      • Heating
      • Security Systems
      • Grill(s)
      • Controlled Gate Access
      • Cable Ready
      • Trash Compactor
      • Courtyard
      See more
      See less
    Learn more about Lifestyle Search

    Points of Interest

    Time and distance from The Commonwealth.

    Arts Museums and Landmarks

    Gibson Factory

    145 Lt. George Lee Ave
    1 minute drive / 0.2 miles away

    Peabody Hotel

    149 Union Avenue
    1 minute drive / 0.22 miles away

    Orpheum Theatre

    203 South Main Street
    1 minute drive / 0.29 miles away

    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

    Rhodes College

    2000 North Parkway
    7 minute drive / 3.59 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

    Overton Park

    Overton Park
    7 minute drive / 3.3 miles away

    Graceland

    3734 Elvis Presley Blvd
    14 minute drive / 6.6 miles away

    Memphis Botanical Gardens

    750 Cherry Rd
    16 minute drive / 7.71 miles away

    The Commonwealth has 3 parks within 7.7 miles, including Overton Park, Graceland, and Memphis Botanical Gardens.

    Shopping Centers

    Parking Lot

    246 S Front St
    1 minute drive / 0.34 miles away

    Parking Garage

    60 N 2nd St
    1 minute drive / 0.44 miles away

    X-River City Chrome Bldgs

    598-614 Monroe Ave
    1 minute drive / 0.53 miles away

    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

    Mid-Second

    Studio to 4 Bedroom Apartments from $560
    View Rentals

    Downtown Memphis

    Studio to 4 Bedroom Apartments from $560
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    Victorian Village

    Studio to 6 Bedroom Apartments from $525
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Memphis Studio Apartments $1,063$547$7,985
    Memphis 1 Bedroom Apartments $1,151$350$2,842
    Memphis 2 Bedroom Apartments $1,276$562$5,096
    Memphis 3 Bedroom Apartments $1,708$550$4,137
    Memphis 4 Bedroom Apartments $1,318$550$2,560

    Browse Top Apartments in Memphis

    Viewing: The Commonwealth | Desktop Version | Listing Updated: 07/07/2026 | AHLPLA