Skip main navigation

    • 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 laundry (W/D)

    Available units

    Price may not include required fees and charges
    Price may not include required fees and charges.
    Unit
    , sortable column    		Sqft, sortable columnAvailable, sortable columnBase rent, sorted ascending
    306
    1 bd, 1 ba
    Floor plan1 photo
    680
    Now
    $1,250

    What's special

    Fitness center
    Hit the gym at home
    This building offers a fitness center. Less than 18% 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
    • Detached Garage
    • Multi-level Garage
    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

    Neighborhood: Downtown

    Downtown Memphis in 38103 offers urban lofts and condos with rentals near $1,650. Young professionals love walkability, nightlife, and a vibrant arts culture.

    Powered by Zillow data and AI technology.

    Areas of interest

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

    Travel times

    Points of Interest

    Groceries

    		Distance
    Memphis Farmers Market1 mi
    Corkscrew1 mi
    Pyramid Wine and Spirits0.9 mi
    City Market Groceries & Deli0.3 mi
    Roxie's Grocery1 mi
    The Commonwealth has 5 grocery stores within a 1 mile distance.

    Shopping

    		Distance
    Stock & Belle0.8 mi
    Lansky Lucky Duck0.3 mi
    Memphis Music0.4 mi
    Walgreens0.3 mi
    A. Schwab's Dry Goods Store0.4 mi
    The Commonwealth has 5 shopping centers within a 0.8 mile distance.

    Parks and recreation

    		Distance
    Sun Studio0.7 mi
    Court Square0.3 mi
    Tom Lee Park0.9 mi
    Peabody Rooftop Party0.3 mi
    Envision Memphis0.2 mi
    The Commonwealth has 5 parks and recreation locations within a 0.9 mile distance.

    Fitness

    		Distance
    Court Square0.3 mi
    Tom Lee Park0.9 mi
    Handy Park0.4 mi
    Memphis Park0.4 mi
    St Jude Patient Care Center0.7 mi
    The Commonwealth has 5 fitness centers within a 0.9 mile distance.

    Walk, Transit & Bike Scores

    91 / 100
    Walker's Paradise
    52 / 100
    Good Transit
    84 / 100
    Very Bikeable

    Nearby schools in Memphis

    GreatSchools rating

    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.

    Market Trends

    Rental market summary

    The average rent for all beds and all property types in Memphis, TN is $1,295.

    Average rent

    $1,295

    Month-over-month

    -$5

    Year-over-year

    -$50

    Available rentals

    3,172

    Memphis, TN Rental Market Data