
Cheap Apartments for Rent in the Parkwood Neighborhood of Atlanta, GA from $600 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Atlanta.


132 Leslie St SE

Total Monthly Price
The Residence at 1743 N Decatur

451 Durand Dr NE, Unit 1

Total Monthly Price
135 Ericson Street Southeast

Element at Kirkwood

Quill

Total Monthly Price
Spoke Apartments

212 Kirkwood Rd NE

Canopy East Lake Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Bell Rock Springs

Charming Apartments in the Heart of Virginia Highland!

473 Burlington Rd NE, Unit Unit 3, Unit Unit 3

Total Monthly Price
Hanover Edgewood

487 Lakeshore Dr NE

LaFrance Square

451 Durand Dr NE, Unit 5

Marley EAV

Highland Square

867 Rosedale Rd NE
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Maple Place Apartments

159 Whitefoord

Retreat at Edgewood

1209 Memorial Drive

Columbia Senior Residences at Edgewood

Briarwood Apartments

1494 Memorial Drive

Columbia CitiHomes

1082 Briarcliff Rd NE

2040
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1743 N Decatur Rd

1297 McLendon Ave NE

Arbors of East Atlanta

Stelzer Heritage Apartments

The Commons of East Lake

1760 Memorial

1570 Memorial Drive

860 Briarcliff Rd NE

Briarcliff Court Condos

1208 Virginia Avenue NE
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1230 & 1234 Virginia Avenue NE

The Villages Of East Lake

The Lux on Briar

846 Briarcliff Road

1 Rainbow Dr

1 Rainbow Dr

1 Rainbow Dr

1 Rainbow Dr

1651 Line Cir

1411 Clairmont Rd
Everything You Should Know About Atlanta: A Local Expert's Guide to Renting in the ATL
Your essential guide to renting in Atlanta from a local. Get the inside scoop on the ATL's unique culture, sports, historic sites, and sweet tea essentials.
Parkwood, Atlanta, GA Local Guide

How much does it cost to rent an apartment in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Studio Apartments | $1,646 | $1,150 | $2,486 |
| Parkwood 1 Bedroom Apartments | $1,928 | $1,149 | $6,078 |
| Parkwood 2 Bedroom Apartments | $2,376 | $825 | $6,654 |
| Parkwood 3 Bedroom Apartments | $3,143 | $830 | $10,000+ |
| Parkwood 4 Bedroom Apartments | $6,079 | $4,291 | $8,771 |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Atlanta, GA.
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Parkwood, Atlanta, GA Local Guide
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Cheapest Available Parkwood Apartments for Rent
 The cheapest available apartment rental in the Parkwood area of Atlanta, GA is a 1 Bed unit found at Maple Place Apartments priced from $647. 1209 Memorial Drive has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Parkwood apartments for rent in Atlanta, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple Place Apartments | Elite Unit | 1BR,1BA | $647 |
| 1209 Memorial Drive | Redbud | 1BR,1BA | $1,050 |
| The Residence at 1743 N Decatur | Small Unfurnished studio | Studio,1BA | $1,150 |
| Park Summit | The Decatur (S1) | Studio,1BA | $1,185 |
| The Baxter | S1 | Studio,1BA | $1,195 |
| Quill | WorkForce Studios | Studio,1BA | $1,199 |
| Element at Kirkwood | A1 | 1BR,1BA | $1,199 |
| Spoke Apartments | S2A | Studio,1BA | $1,225 |
| Arbors of East Atlanta | 2BR/1.0BA | 2BR,1BA | $1,250 |
| Commons of East Lake | 2x1r850 | 2BR,1BA | $1,265 |
Best Value Apartments for Rent in Parkwood, GA
As of May 24, 2026 the best value apartment in the Parkwood area is the $1.39 price per square foot 2BR/1.0BA Model at Arbors of East Atlanta in the in the Little Five Points neighborhood starting from $1,250. The second greatest value Parkwood apartment is the 211 Garden Ln Model at 211 Garden Ln, Unit B starting at $1,600 with a $1.78 price per square foot in the Downtown Decatur neighborhood. Here is today’s list of the best values for Parkwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors of East Atlanta | 2BR/1.0BA | 2BR,1BA | $1.39 |
| 211 Garden Ln, Unit B | 211 Garden Ln | 2BR,1BA | $1.78 |
| The Apartments at President Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.89 |
| Charming Apartments in the Heart of Virginia Highland! | 1x1 SM | 1BR,1BA | $1.75 |
| Marley EAV | Asbury | 1BR,1BA | $1.90 |
| Element at Kirkwood | A1 | 1BR,1BA | $1.71 |
| Commons of East Lake | 2x1r850 | 2BR,1BA | $1.82 |
| Springdale Apartments | 1/1 Renovated 680 | 1BR,1BA | $1.91 |
| 1209 Memorial Drive | Cypress | 2BR,1BA | $1.85 |
| Maple Place Apartments | Elite Unit | 1BR,1BA | $1.36 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleCommute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Find your ideal Atlanta apartment! This guide explores top neighborhoods like Midtown, Vinings, and Brookhaven, and matches them to the city's biggest employers to help you with your next move.
Read ArticleA Local Expert's Guide to the Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
A Local Expert's Guide to The 10 Best Affordable Neighborhoods in the Atlanta, GA metro area for affordable living. Find your perfect Atlanta apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleParkwood, Atlanta, GA
Ranked #94
Among cities in Georgia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Georgia and customized analysis for East Central Atlanta. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Parkwood Apartments
What is a cheap apartment in Parkwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkwood is under $1,265.
What is the price of a cheap apartment in Parkwood?
The cheapest apartment in Parkwood is Maple Place Apartments which is listed at $647, while the average apartment in Parkwood costs $18,884.
What types of apartments are the cheapest in Parkwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 100 regular apartments in Parkwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkwood?
Cheap apartments in Parkwood have an average cost of $759 which is $18,125 cheaper than the average rent for all rentals in Parkwood.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area
Written by: Jan Boling
Atlanta, Georgia is a large, modern city with many neighborhoods that welcome both newcomers and natives.

Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
Written by: Brandie Parton
As a member of the Apartment Home Living team, I am honored to share all I know about the fabulous city that I affectionately call ATL.

Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Written by: Brandie Parton
Hi there, I am Brandie Parton, your ApartmentHomeLiving.com Local Expert for Atlanta, GA. I love this bustling city that never seems to quit, rest, or become boring.

Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About
Written by: Brandie Parton
Hi there, I am Brandie, your ApartmentHomeLiving.com local expert for Atlanta, Georgia.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.