The Commonwealth

5.0

240 Madison Ave, Memphis, TN 38103

$1,040 - $1,195

Studio

Monthly Rent

$1,040 - $1,195

Bedrooms

Studio

Bathrooms

1 Bath

About this Rental

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 Memphis, Tennessee in the 38103 zip code. This apartment community was built in 2018 and has 8 stories with 40 units.

Pricing and Floor Plans

The Townsend

$1,040 - $1,195

Studio, 1 Bath

, 541 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

208

$1,040

541 Sq. Ft.

3/20/26

* Price shown is total price based on community-supplied monthly required fees. 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. * Square footage definitions vary. Displayed square footage is approximate.

Details

Lease Term Options

12 - 24 Month Leases

Property Information

Built in 2018
40 units/8 stories

Fees and Policies

The fees below are based on community-supplied data independent market research.

One-Time Basics

Due at Application

Application Fee Per Applicant
$50

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.

Matterport 3D Tours

Apartment Features

Air Conditioning
Cable Ready
Dining Room
Dishwasher
Disposal
Double Pane Windows
Eat-in Kitchen
Freezer
Granite Countertops
Heating
High Speed Internet Access
Ice Maker
Instant Hot Water
Island Kitchen
Kitchen
Microwave
Office
Oven
Pantry
Range
Refrigerator
Security System
Smoke Free
Stainless Steel Appliances
Storage Units
Trash Compactor
Tub/Shower
Views
Walk-In Closets
Washer/Dryer
Washer/Dryer Hookup
Wheelchair Accessible (Rooms)
Window Coverings

Community Features

24 Hour Access
Bicycle Storage
Controlled Access
Courtyard
Elevator
Fitness Center
Garages
Grill
Health Club Discount
Hearing Impaired Accessible
Key Fob Entry
Multi Use Room
Pet Washing Station
Recycling
Storage Space
Utilities Included
Vintage Building
Wi-Fi

Map of The Commonwealth

Eat & Drink

Groceries

Coffee

Banks

Shopping

Fitness

Points of Interest

Transit

Commuter Rail

Central Station

2 min Drive

Airport

Memphis International

15 min Drive

Area Scores

Walkability

Very walkable80 / 100

Transit

Some public transit50 / 100

Driveability

Exceptionally drivable90 / 100

Bikeability

Fairly bikeable50 / 100

Scores provided by

Contact

Property Address:

240 Madison Ave,
Memphis, TN 38103

Phone Number: (870) 771-4028

More Information:

View Property Website

Office Hours

SundayCLOSED
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

Moving to Memphis, TN

Shopping Centers

Shoppers will appreciate The Commonwealth proximity to Peabody Place, Metro Shopping Plaza, and Trolley Stop. Peabody Place is 0.6 miles away, and Metro Shopping Plaza is within a 30 minute walk.

Commuting

With a TransitScore of 50, The Commonwealth has some public transit, including 1 transit stop within 1.3 miles. Transit options include Central Station.

Parks and Recreation

Recreational activities near The Commonwealth are plentiful. Discover 3 parks within 4.7 miles, including Mississippi River Museum at Mud Island, Memphis Zoo, and Children's Museum of Memphis.

Airports

Living in Memphis provides easy access to Memphis International, located just 15 minutes from The Commonwealth.