Photos
- Studio–1 Bedrooms
- $1,075-$1,175Pricing
- 541–621Square 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 $1,075 and having 541–621 sq ft. Here is the current pricing and availability:
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The Townsend
$1,075
Studio, 1 Bath, 541 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit $1,075 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
- $1,075
Deposit
- $500 deposit
Model Rent and Fees
Price
- $1,075
Apartment Unit: 308Apartment Model: The Townsend$1,075Studio, 1 Bath, 541 sq ftAvailable Now1 Bedroom
The Lee
$1,175
1 Bed, 1 Bath, 621 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,175 Available Now 205 621 Unit 205 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 205 Rent and Fees
Unit Price
- $1,175
Model Rent and Fees
Price
- $1,175
Apartment Unit: 205Apartment Model: The Lee$1,1751 Bedroom, 1 Bath, 621 sq ftAvailable Now
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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 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. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Move-In Fees
- Due at Application
- Application Fee Per ApplicantiCharged per applicant$50
Parking Info and Fees
- Garage ParkingiPer month
- $120/Mo
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 |
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 $1,075 to $1,175
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
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
Autozone
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
Regional One Health
St. Jude Children's Research Hospital
Memphis Mental Health Institute
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 | $1,013 | $547 | $1,936 |
| Memphis 1 Bedroom Apartments | $1,158 | $485 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,288 | $545 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,664 | $675 | $6,392 |
| Memphis 4 Bedroom Apartments | $1,510 | $599 | $5,664 |
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