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  • Primary Photo - The Commonwealth
  • Lobby Photo - The Commonwealth
    1 BR, 1 BA - The Whitman - The Commonwealth
  • 1 BR, 1 BA - The Whitman - The Commonwealth
    Building Photo - The Commonwealth
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Language: English and Spanish

Open 9am - 6pm Today

View All Hours Office Hours Monday - Friday, 9am - 6pm Saturday, 10:30am - 6pm Sunday, Closed

The Commonwealth media gallery Unit
call 870-771-4028
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Tennessee Shelby County Memphis Downtown Memphis The Commonwealth

The Commonwealth

240 Madison Ave, Memphis, TN 38103

(0 reviews)

Property Rating

5.0
Excellent
Out of 5

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How Is This Rating Determined?

Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

2 Weeks Ago
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870-771-4028
  • Monthly Rent

    $1,095

  • Bedrooms

    Studio bd

  • Bathrooms

    1 ba

  • Square Feet

    541 sq ft

The Commonwealth
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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.

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Pricing & Floor Plans

The Townsend $1,095 Available Now
Studio 1 Bath 541 Sq Ft
The Townsend $1,095 Available Now
Studio 1 Bath 541 Sq Ft
* Price shown is base rent and may not include non-optional fees and utilities. 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.

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

  • One-Time Move-In Fees
  • Application Fee
    $50
  • Dogs Allowed
  • Monthly pet rent
    $25
  • One time Fee
    $200
  • Weight limit
    60 lb
  • Pet Limit
    2
  • Cats Allowed
  • Monthly pet rent
    $25
  • One time Fee
    $200
  • Weight limit
    --
  • Pet Limit
    2
  • Parking
  • Garage
    Per month
    $39 - $120/mo
  • Storage Fees
  • Storage Unit
    $50/mo

Details

Utilities Included

  • Water
  • Trash Removal
  • Sewer

Lease Options

  • 1-2 years

Property Information

  • Built in 2018
  • 40 units/8 stories

Matterport 3D Tours

Fitness Center
1/4

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 an apartment community located in Shelby County and the 38103 ZIP Code. This area is served by the Shelby County Schools attendance zone.

Contact

View Property Website
Languages: English & Spanish
Open 9am - 6pm Today
  • Monday - Friday, 9am - 6pm
  • Saturday, 10:30am - 6pm
  • Sunday, Closed

Video Tours

For your convenience, we provide Zoom site tours upon request.

Community Amenities

Fitness Center

Elevator

Controlled Access

Recycling

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

Apartment Features

Washer/Dryer

Air Conditioning

Dishwasher

Washer/Dryer Hookup

High Speed Internet Access

Walk-In Closets

Island Kitchen

Granite Countertops

Highlights

  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Heating
  • Smoke Free
  • Cable Ready
  • Security System
  • Trash Compactor
  • Storage Space
  • Tub/Shower
  • Wheelchair Accessible (Rooms)

Kitchen Features & Appliances

  • Dishwasher
  • Disposal
  • Ice Maker
  • Granite Countertops
  • Stainless Steel Appliances
  • Pantry
  • Island Kitchen
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Instant Hot Water

Model Details

  • Dining Room
  • Office
  • Views
  • Walk-In Closets
  • Double Pane Windows
  • Window Coverings
Location Get Directions
Schools Restaurants Groceries Coffee Banks Shops Fitness
Amenities
  • Wi-Fi
  • Controlled Access
  • 24 Hour Access
  • Hearing Impaired Accessible
  • Recycling
  • Health Club Discount
  • Pet Washing Station
  • Key Fob Entry
  • Elevator
  • Multi Use Room
  • Storage Space
  • Vintage Building
  • Courtyard
  • Grill
  • Fitness Center
  • Bicycle Storage
  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Heating
  • Smoke Free
  • Cable Ready
  • Security System
  • Trash Compactor
  • Storage Space
  • Tub/Shower
  • Wheelchair Accessible (Rooms)
  • Dishwasher
  • Disposal
  • Ice Maker
  • Granite Countertops
  • Stainless Steel Appliances
  • Pantry
  • Island Kitchen
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Instant Hot Water
  • Dining Room
  • Office
  • Views
  • Walk-In Closets
  • Double Pane Windows
  • Window Coverings
Expenses
Recurring
Unassigned Garage Parking $39 - $120
Cat Rent $25
Dog Rent $25
One-Time
Storage Fee $50
Cat Fee $200
Dog Fee $200
Utilities Included
Water, Trash Removal, Sewer Included
Office Hours
Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10:30am - 6pm
Sunday Closed
870-771-4028
Neighborhood

Downtown Memphis, also known as Downtown Riverside, rests along the banks of the mighty Mississippi River. Downtown Memphis is the city’s central business district, serving as an incubator for good ideas and great collaborations between established companies and rising startups.

History and entertainment abound in Downtown Mississippi, from the blues and soul clubs that line Beale Street to the powerful exhibits in the National Civil Rights Museum. The Rock n Soul Museum features interactive exhibits detailing the birth of rock and soul music while the Orpheum Theatre presents an array of musical and theatrical performances.

Downtown Memphis residents enjoy a broad range of cuisine, from down-home barbecue to Southern-inspired fine dining. The sense of community in Downtown Memphis is unparalleled, with plenty of cultural events bringing people together on a regular basis.

Learn more about living in Downtown Memphis 
Education
Colleges & Universities Distance
Colleges & Universities Distance
UT Health Science Center
Walk: 18 min 0.9 mi
Southwest Tenn., Union Avenue
Walk: 18 min 0.9 mi
Rhodes College
Drive: 8 min 4.2 mi
Christian Brothers University
Drive: 9 min 4.4 mi
The Commonwealth is within 18 minutes or 0.9 mile from UT Health Science Center. It is also near Southwest Tenn., Union Avenue and Rhodes College.
Schools
  • Public Schools
  • Private Schools
Memphis Grizzlies Preparatory Charter School
Charter Elementary & Middle School
Grades 5-8
347 Students
Nearby
Downtown Elementary
Public Elementary School
Grades PK-5
718 Students
Attendance Zone
Memphis Academy Of Science Engineering
Charter Middle & High School
Grades 6-12
593 Students
Nearby
Veritas College Preparatory
Charter Middle School
Grades 6-8
144 Students
Nearby
St Jude School Program
Private Elementary, Middle & High School
Grades K-12
90 Students
Nearby
St. Patrick School
Private Elementary School
Grades PK-6
148 Students
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology
Transportation

The Commonwealth is near Memphis International, located 9.6 miles or 15 minutes away.

Commuter Rail Distance
Commuter Rail Distance
Central Station
Drive: 2 min 1.3 mi
Airports Distance
Airports Distance
Memphis International
Drive: 15 min 9.6 mi
Walker's Paradise
90
Walk Score®
Out of 100
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
52
Transit Score®
Out of 100
The area around this property has good transit with many nearby transportation options.
Very Bikeable
84
Bike Score®
Out of 100
This area is very Bikeable. You’ll find a variety of bike paths and lanes.
-
-
Soundscore™
Out of 100

Traffic:

-

Airport:

-

Businesses:

-

Score provided by

Scores provided by  and

Score provided by

Points of Interest

Time and distance from The Commonwealth.

Shopping Centers Distance
Shopping Centers Distance
The Pier
Walk: 11 min 0.6 mi
Peabody Place
Walk: 11 min 0.6 mi
Metro Shopping Plaza
Drive: 4 min 1.6 mi
The Commonwealth has 3 shopping centers within 1.6 miles, which is about a 4-minute walk. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Mississippi River Museum at Mud Island
Walk: 11 min 0.6 mi
Memphis Zoo
Drive: 7 min 3.8 mi
Children's Museum of Memphis
Drive: 8 min 4.7 mi
Sharpe Planetarium
Drive: 10 min 5.6 mi
T. O. Fuller State Park
Drive: 18 min 9.6 mi
The Commonwealth has 5 parks within 9.6 miles, including Mississippi River Museum at Mud Island, Memphis Zoo, and Children's Museum of Memphis.
Hospitals Distance
Hospitals Distance
Regional One Health
Walk: 19 min 1.0 mi
Memphis Mental Health Institute
Drive: 3 min 1.1 mi
St. Jude Children's Research Hospital
Drive: 3 min 1.2 mi
The Commonwealth has 3 hospitals within 1.2 miles, the nearest is Regional One Health which is 1.0 miles away and a 19 minute walk.
Military Bases Distance
Military Bases Distance
Memphis Defense Depot
Drive: 12 min 6.0 mi
Memphis Naval Air Station
Drive: 32 min 20.2 mi
The Commonwealth is 6.0 miles from Memphis Defense Depot, and is convenient to other military bases, including Memphis Naval Air Station.
 
 

Property Ratings at The Commonwealth

How Is This Rating Determined?

How Is This Rating Determined?

Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

5.0
Excellent
Out of 5

No Renter Reviews Yet

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The Commonwealth Photos

  • The Commonwealth

  • Fitness Center

  • 1 BR, 1 BA - The Whitman

  • 1 BR, 1 BA - The Whitman

  • Lobby Elevators

  • 2 BR, 2 BA - The Downtown Suite

  • The Salon

Nearby Apartments

Within 50 Miles of The Commonwealth

  • Pressbox Lofts

    195 Madison Ave

    Memphis, TN 38103

    2 Br $1,895 0.1 mi

  • Lofts at Merchant Row

    91 S 2nd St

    Memphis, TN 38103

    1 Br $1,195 0.3 mi

  • Museum Lofts

    138 Huling Ave

    Memphis, TN 38103

    1 Br $1,195 0.8 mi

  • The Flats at Overton

    45 Diana St

    Memphis, TN 38104

    1 Br $1,595 3.1 mi

  • Oak Grove Flats

    595 Cadraca Dr

    Memphis, TN 38122

    1-3 Br $845-$1,145 8.1 mi

Frequently Asked Questions
Which floor plans are available, and what are the price ranges?

The Commonwealth has studios available and rents for $1,095/mo.

Can I see a model or tour The Commonwealth?

You can take a virtual tour of The Commonwealth on Apartments.com.

What neighborhood is the property located in?

The Commonwealth is in the city of Memphis. Here you’ll find three shopping centers within 1.6 miles of the property.Five parks are within 9.6 miles, including Mississippi River Museum at Mud Island, Memphis Zoo, and Children's Museum of Memphis.

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Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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What is a Sound Score Rating?

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240 Madison Ave

Memphis, TN 38103

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