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  • The Commonwealth

    240 Madison Ave, Memphis, TN 38103

    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 columnAvailable, sortable columnBase rent, sorted ascending
    Unit 307
    1 bd, 1 ba
    621
    Now
    $1,395
    Unit 405
    1 bd, 1 ba
    621
    Now
    $1,395
    Unit 507
    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 16% 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

    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

    Neighborhood: Downtown

    Areas of interest

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

    Travel times

    Getting around

    Walk Score®
     / 100
    Walker's Paradise
    Transit Score®
     / 100
    Good Transit
    Bike Score®
     / 100
    Very Bikeable

    Nearby schools in Memphis

    Downtown Elementary School
    Grades PK-5 • 0.1 miles
    2/10
    GreatSchools® Rating
    Test Score Rating
    2/10
    Student Progress Rating
    2/10
    Memphis Grizzlies Preparatory Charter School
    Grades 5-8 • 0.3 miles
    7/10
    GreatSchools® Rating
    Test Score Rating
    4/10
    Student Progress Rating
    10/10
    Manassas High School
    Grades 9-12 • 2 miles
    3/10
    GreatSchools® Rating
    Test Score Rating
    1/10
    College Readiness Rating
    2/10
    Student Progress Rating
    5/10

    Downtown Memphis sits along the Mississippi River, with bluffs, river views and humid summers alongside mild winters. Beale Street, the Peabody Hotel and the National Civil Rights Museum give the area a strong sense of place and history. Tom Lee Park offers riverfront paths and open space, while Main Street and nearby blocks bring cafés, restaurants, live music and nightlife within an urban setting. The South Main Arts District adds galleries and cultural stops, and downtown shopping ranges from everyday services to specialty shops. The trolley and bus network connect downtown with other parts of Memphis; walking is convenient on many central streets, though driving is useful for longer trips. For the Downtown neighborhood, the median rent is $1,150 per month, with a typical range of $100 to $5,000.

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    Frequently asked questions

    What is the walk score of The Commonwealth?

    The Commonwealth has a walk score of 91, it's a walker's paradise.

    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.

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