The Commonwealth

Starting at $1,075

240 Madison Ave

Memphis, TN 38103 Downtown Memphis Neighborhood
Studio-1 Bed
1 Bath
541+ Sq Ft

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.

Listing Provided By

Pricing and Floor Plans

Studio

The Townsend

$1,075

Studio, 1 Bath, 541 Sq Ft

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The Townsend  Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
308 $1,075 541 Now

1 Bedroom

The Lee

$1,175

1 Bed, 1 Bath, 621 Sq Ft

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The Lee Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
205 $1,175 621 Now

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Rent Estimate Calculator to determine your monthly and one-time costs based on your requirements.

One-Time Basics

Due at Application
Application Fee Per Applicant
$50

Property Fee Disclaimer: Standard Security Deposit subject to change based on screening results; total security deposit(s) will not exceed any legal maximum. Resident may be responsible for maintaining insurance pursuant to the Lease. Some fees may not apply to apartment homes subject to an affordable program. Resident is responsible for damages that exceed ordinary wear and tear. Some items may be taxed under applicable law. This form does not modify the lease. Additional fees may apply in specific situations as detailed in the application and/or lease agreement, which can be requested prior to the application process. All fees are subject to the terms of the application and/or lease. Residents may be responsible for activating and maintaining utility services, including but not limited to electricity, water, gas, and internet, as specified in the lease agreement.

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