close
View Me
from $581Studio to 4 Bedroom Apartments Available Now
The Residences at Lakeview
2774 S Mendenhall RdMemphis, TN 38115
Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.
close
View Me
close
View Me
from $599Studio to 2 Bedroom Apartments Available May 31
Woodlake
3314 S Woodlake CirMemphis, TN 38118
close
View Me
from $6991 to 2 Bedroom Apartments Available Now
Pinebrook Pointe
3541 Mediterranean DrMemphis, TN 38118
close
View Me
Rent Specials
from $7351 to 3 Bedroom Apartments Contact Us For Availability
Cedar Mill Apartments & Townhouses
3505 S MendenhallMemphis, TN 38115
close
View Me
Rent Specials
from $7491 to 3 Bedroom Apartments Available Now
Camelot Manor
3151 Ashwood StMemphis, TN 38118
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
close
View Me
close
View Me
2705-2715 Cherry Rd
MemphisTN38118
close
View Me
close
View Me
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
close
View Me
1 to 3 Bedroom Apartments
The Vue at Claudette Townhomes & Apartments
2718 Claudette RdMemphis, TN 38118
close
View Me
close
View Me
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
close
View Me
3634 Pearson Rd
MemphisTN38118
3060 Linda Dr
MemphisTN38118
Showing Results 1-22, Page 1 of 1
Parkway Village, Memphis, TN Local Guide
How much does it cost to rent an apartment in Parkway Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway Village Studio Apartments | $606 | $581 | $625 |
| Parkway Village 1 Bedroom Apartments | $929 | $599 | $1,799 |
| Parkway Village 2 Bedroom Apartments | $938 | $736 | $1,749 |
| Parkway Village 3 Bedroom Apartments | $1,179 | $815 | $2,059 |
| Parkway Village 4 Bedroom Apartments | $1,591 | $1,460 | $1,670 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Parkway Village Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Parkway Village, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Parkway Village Apartments for Rent
The cheapest available apartment rental in the Parkway Village area of Memphis, TN is a Studio unit found at The Residences at Lakeview priced from $581. Emerald Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences at Lakeview | Studio | Studio,1BA | $581 |
| Emerald Ridge | 1 bedroom 1 bathroom | 1BR,1BA | $599 |
| Pinebrook Pointe | 1 Bedroom 1 bathroom | 1BR,1BA | $699 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $749 |
| Eden Pointe | 1 Bed, 1 bath | 1BR,1BA | $749 |
Best Value Apartments for Rent in Parkway Village, TN
As of May 30, 2025 the best value apartment in the Parkway Village area is the $1.26 price per square foot Fairfield Model at Roxbury in the in the East Memphis neighborhood starting from $1,759. The second greatest value Parkway Village apartment is the 2 Bedroom w/ Den Model at Shadowbrook Townhomes starting at $850 with a $0.69 price per square foot in the Oakhaven neighborhood. Here is today’s list of the best values for Parkway Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roxbury | Fairfield | 3BR,2BA | $1.26 |
| Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
| Cedar Run Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.02 |
| Sherwood Flats | B2 | 2BR,1BA | $1.08 |
| Emerald Ridge | 2 bedroom 1 bathroom | 2BR,1BA | $0.98 |
| Getwell Pointe Apartments | B2 | 2BR,1.5BA | $1.22 |
| Eden Pointe | 1 Bed, 1 bath | 1BR,1BA | $1.07 |
| Azure Place Apartments | 1 Bedroom B | 1BR,1BA | $1.29 |
| Pinebrook Pointe | 1 Bedroom 1 bathroom | 1BR,1BA | $1.07 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
Quick 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.
Let everyone know!
Do you know the Parkway Village area?
If you’re an expert on all things Parkway Village, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleParkway Village, Memphis, TN
Ranked #93
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Parkway Village Neighborhood in Memphis, TN
Walk Score®
46 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
30 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Parkway Village Apartments
What is the Cheapest Studio apartment in Parkway Village?
Currently the most affordable Cheap Studio Apartment in Parkway Village is at The Residences at Lakeview listed at $581.
How much is rent for a Cheap One Bedroom Parkway Village Apartment?
The lowest price for a Cheap One Bedroom Parkway Village Apartment is $599 at Emerald Ridge.
What is the lowest price for a Cheap Two Bedroom Parkway Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkway Village is starting from $736 at The Residences at Lakeview.
What is the most affordable Parkway Village Three Bedroom Apartment?
The best deal on a cheap Parkway Village Three Bedroom Apartment rental is at The Residences at Lakeview and starts from $815.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.