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usually Medieval Towns were part of a kingdom that is ruled by a king. So, technically a king ruled the Medieval Towns

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In the earlier Middle Ages, the towns were largely under the control of the local lords, who answered to monarchs. But the local lords often lost control of the towns, as merchant and craft groups became stronger, which began in the Early Middle Ages.

In the later parts of the Middle Ages, the political power in towns was often held by guilds or groups of guilds acting together. Some towns and cities, called communes, had republican governments. Some were independent of any monarch, and this was especially true in Italy. Others, though locally republican, were at least nominally subject to a king or emperor.

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