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    • The Commonwealth

    240 Madison Ave, Memphis, TN 38103

    Visit The Commonwealth website
    Apartment building
    1 bed
    Pet-friendly
    Attached garage
    Air conditioning (central)
    In-unit dryer

    What’s available

    Price may not include required fees and charges.
    1 bd, 1 ba
    $1,695
    978 sqft

    1 unit available now

    1 Photo

    What's special

    Fitness center
    Hit the gym at home
    This building offers a fitness center. Only 20% of buildings in Memphis have this feature.
    The Commonwealth is a gorgeous building in the heart of Downtown Memphis that seamlessly blends the historic with the modern. Amenities include a fitness center, pet wash station, communal indoor and outdoor spaces, a private garage, and MORE!

    Office hours

    DayOpen hours
    Mon - Fri:8 am - 6 pm
    Sat:11 am - 6 pm
    Sun:Closed

    Facts, features & policies

    Building Amenities

    Community Rooms
    • Fitness Center
    • Lounge
    • Pet Washing Station
    Other
    • Laundry: In Unit
    Outdoor common areas
    • Patio
    • Water Feature
    Security
    • Controlled Access
    • Gated Entry
    • Intercom
    Services & facilities
    • Bicycle Storage
    • Elevator
    • Online Maintenance Portal
    • Online Rent Payment
    • Spanish Speaking Staff
    • Storage Space
    View description
    • City

    Unit Features

    Appliances
    • Convection Oven
    • Dishwasher
    • Dryer
    • Freezer
    • Garbage Disposal
    • Microwave Oven
    • Oven
    • Range
    • Refrigerator
    • Washer
    Cooling
    • Central Air Conditioning
    Flooring
    • Concrete
    Heating
    • Electric
    Internet/Satellite
    • High-speed Internet Ready

    Policies

    Lease terms
    • Flexible
    • Monthly
    • Six months
    • One year
    • Less than 1 year
    • More than 1 year
    Pets
    Cats
    • Allowed
    • 2 pet max
    Large dogs
    • Allowed
    • 2 pet max
    Small dogs
    • Allowed
    Parking
    • Attached Garage
    • covered
    • Detached Garage
    • Multi-level Garage

    Neighborhood: Downtown

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Travel times

    Walk, Transit & Bike Scores

    90 / 100
    Very Walkable
    52 / 100
    Good Transit
    84 / 100
    Very Bikeable

    Nearby schools in Memphis

    GreatSchools rating

    Market Trends

    Rental market summary

    The average rent for all beds and all property types in Memphis, TN is $1,350.

    Average rent

    $1,350

    Month-over-month

    $0

    Year-over-year

    +$55

    Available rentals

    2,914

    Memphis, TN Rental Market Data

    Frequently asked questions

    What is the walk score of The Commonwealth?

    The Commonwealth has a walk score of 90, it's very walkable.

    What is the transit score of The Commonwealth?

    The Commonwealth has a transit score of 52, it has good transit.

    What schools are assigned to The Commonwealth?

    The schools assigned to The Commonwealth include Downtown Elementary School, Memphis Grizzlies Preparatory Charter School, and Manassas High School.

    Does The Commonwealth have in-unit laundry?

    Yes, The Commonwealth has in-unit laundry for some or all of the units.

    What neighborhood is The Commonwealth in?

    The Commonwealth is in the Downtown neighborhood in Memphis, TN.

    What are The Commonwealth's policies on pets?

    A maximum of 2 cats are allowed per unit. A maximum of 2 large dogs are allowed per unit.