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The Commonwealth

240 Madison Ave, Memphis, TN 38103

Visit thecommonwealthmemphis.com
(901) 657-2504
$1,395
1
Bed
1
Bath
621
Sqft
Doesn't include required deposits and fees
Costs & fees breakdown
Special offer! Free application when you tour!

Highlights

  • Apartment Building
  • Cats and dogs allowed
  • In-unit washer / dryer
  • Central A/C
  • Electric Heating
  • Covered, multi-level garage, detached garage, attached garage
  • Patio, water feature
  • Gated entry, controlled access, intercom
  • Gym
  • Dishwasher, refrigerator, microwave oven, garbage disposal
  • Updated 2 days ago

Apartment floor plans

Matches1 Bed
1 bed
1 bath621 sqft
Rent / mo
Available
Unit
$1,395
6/1/2026
303

Commute

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About The Commonwealth

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 amenities

Property amenities
  • Attached Garage
  • Bicycle Storage
  • Building Application Fee: 50
  • Building Deposit Fee Maximum: 500
  • Building Deposit Fee Minimum: 500
  • Central Air Conditioning
  • Convection Oven
  • Covered Parking
  • Detached Garage
  • Dishwasher
  • Dryer
  • Elevator
  • Fitness Center
  • Flexible Lease
  • Flooring: Concrete
  • Freezer
  • Garbage Disposal
  • Garbage included in rent
  • Heating: Electric
  • High-speed Internet Ready
  • Laundry: In Unit
  • Less Than One Year Lease
  • Lounge
  • Microwave Oven
  • Monthly Lease
  • More Than One Year Lease
  • Multi-level Garage
  • One Year Lease
  • Online Maintenance Portal
  • Online Rent Payment
  • Oven
  • Patio
  • Pet Washing Station
  • Range
  • Refrigerator
  • Security: Controlled Access
  • Security: Gated Entry
  • Security: Intercom
  • Sewage included in rent
  • Six Month Lease
  • Spanish Speaking Staff
  • Storage Space
  • View Type: City
  • Washer
  • Water Feature
  • Water included in rent

Pet policy

Cats allowed
  • 2 pets max
Dogs allowed

    Office hours at The Commonwealth

    Sunday: Closed
    Monday: 8:00 AM to 6:00 PM
    Tuesday: 8:00 AM to 6:00 PM
    Wednesday: 8:00 AM to 6:00 PM
    Thursday: 8:00 AM to 6:00 PM
    Friday: 8:00 AM to 6:00 PM
    Saturday: 11:00 AM to 6:00 PM

    Nearby schools

    2
    3
    Students who live in The Commonwealth attend the following Shelby County Schools (Unified School District) public schools:
    AllPrimaryMiddleHigh
    Showing 3 of 3 schools.
    GreatSchools ratings are based on test scores and additional metrics when available.
    (901) 657-2504
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    Frequently asked questions

    How many apartment units are available and what are their rents?

    • There is 1 one-bedroom apartment available for $1,395

    What is the apartment building's pet policy?

    There are cats and dogs allowed at The Commonwealth. Please contact the property manager for up to date pet policy and fee information.

    Is there laundry in the building?

    This building offers in unit laundry.

    Does the building offer parking?

    Yes, The Commonwealth provides parking.

    What Memphis neighborhood is The Commonwealth in?

    Your new apartment would be located in the Downtown neighborhood.

    What school district is this building in?

    The Commonwealth is within the Shelby County Schools. Check out the additional Nearby Schools for more boundary details.

    When was this listing last updated?

    The property manager updated this rental listing 2 days, 9 hours ago.