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!
Apartment building
1 bed
Pet-friendly
Attached garage
Air conditioning (central)
In-unit laundry (W/D)
Available units
Price may not include required fees and charges.
Unit , sortable column | Sqft, sortable column | Available, sortable column | Base rent, sorted ascending |
|---|---|---|---|
Unit 507 1 bd, 1 ba | 621 | Now | $1,395 |
Unit 303 1 bd, 1 ba | 621 | Now | $1,395 |
What's special
Fitness center
Hit the gym at home
This building offers a fitness center. Less than 17% of buildings in Memphis have this feature.
Office hours
| Day | Open 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
Parking
- Attached Garage
- Covered Parking
- Detached Garage
- Multi-level Garage
Lease terms
- Flexible
- Less than 1 year
- Monthly
- More than 1 year
- One year
- Six months
Utilities included in rent
- Garbage
- Sewer
- Water
Pet essentials
- Small dogsAllowed
- Large dogsAllowedNumber allowed2
- CatsAllowedNumber allowed2
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
Walk Score®
/ 100
Walker's ParadiseTransit Score®
/ 100
Good TransitBike Score®
/ 100
Very BikeableNearby schools in Memphis
GreatSchools rating
- 2/10Downtown Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 7/10Memphis Grizzlies Preparatory Charter SchoolGrades: 5-8Distance: 0.3 mi
- 3/10Manassas High SchoolGrades: 9-12Distance: 2 mi
Nearby apartments for rent
Listing order may reflect relevance, quality, and paid promotion.
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Frequently asked questions
The Commonwealth is located at 240 Madison Ave in Downtown, Memphis, TN. The surrounding area includes approximately 20 restaurants and cafes within 1 mile, such as Boycott Coffee, Crazy Gander Coffee Company, and Maciel's Tortas & Tacos.
The nearest public transit stop is Main Street Trolley, approximately 0.4 miles away.
Based on the latest Zillow data, the average rent across all unit types in Memphis is currently $1,938 per month. Prices vary by neighborhood, floor plan, and building amenities.
The Commonwealth is located within 0.2 miles of Envision Memphis, 0.3 miles of The Peabody Rooftop, and 0.4 miles of World Famous Beale Street.
The Commonwealth is located near 3 grocery stores, including 0.3 miles from City Market Groceries & Deli, 0.3 miles from The Peanut Shoppe, and 0.4 miles from Beale Sweets Sugar Shack. Additional shopping options, including Lansky Lucky Duck Gifts, are approximately 0.2 miles away.
The total price for an apartment unit in The Commonwealth is $1,395. The total price will vary by floor plan, unit size, and unit amenities.
Rent in Memphis has decreased by $107 month-over-month, according to the latest Zillow rental data.
The schools assigned to The Commonwealth include Downtown Elementary School, Memphis Grizzlies Preparatory Charter School, and Manassas High School.
