
Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.


Pinebrook Pointe Apartments

Getwell Pointe Apartments
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Camelot Manor

Cedar Mill Apartments & Townhouses

Shadowbrook Townhomes

The Vue at Claudette Townhomes & Apartments
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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 | $599 | $599 | $599 |
Parkway Village 1 Bedroom Apartments | $720 | $599 | $925 |
Parkway Village 2 Bedroom Apartments | $880 | $799 | $1,450 |
Parkway Village 3 Bedroom Apartments | $1,027 | $849 | $1,550 |
Parkway Village 4 Bedroom Apartments | $1,460 | $1,460 | $1,460 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Parkway Village Neighborhood of Memphis, TN.
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Parkway Village, Memphis, TN Local Guide
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Cheapest Available Parkway Village Apartments for Rent
 The cheapest available apartment rental in the Parkway Village area of Memphis, TN is a 1 Bed unit found at Pinebrook Pointe Apartments priced from $699. Woodlake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinebrook Pointe Apartments | 1 Bedroom 1 bathroom | 1BR,1BA | $699 |
Woodlake | One Bedroom | 1BR,1BA | $725 |
Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $799 |
Windsor Place | 2X2C | 2BR,2BA | $825 |
Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $825 |
Shadowbrook Townhomes | 2 Bedroom Basic | 2BR,1BA | $830 |
Emerald Ridge | 3 bedroom 2 bathroom | 3BR,2BA | $849 |
Getwell Pointe Apartments | B1 | 2BR,1BA | $905 |
Best Value Apartments for Rent in Parkway Village, TN
As of September 18, 2025 the best value apartment in the Parkway Village area is the $0.69 price per square foot 2 Bedroom w/ Den Model at Shadowbrook Townhomes in the in the Oakhaven neighborhood starting from $850. The second greatest value Parkway Village apartment is the 2X2C Model at Windsor Place starting at $825 with a $0.83 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. |
---|---|---|---|
Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
Windsor Place | 2X2C | 2BR,2BA | $0.83 |
Emerald Ridge | 2 bedroom 1 bathroom | 2BR,1BA | $0.98 |
Getwell Pointe Apartments | One Bedroom Apartment for Rent | 1BR,1BA | $1.27 |
Woodlake | One Bedroom | 1BR,1BA | $1.05 |
Pinebrook Pointe Apartments | 1 Bedroom 1 bathroom | 1BR,1BA | $1.07 |
Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $1.33 |
4659 Cottonwood Rd | 1 Bed 1 Bath | 1BR,1BA | $0.91 |
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Pet Friendly LifestyleParkway Village, Memphis, TN
Ranked #79
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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
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 $799 at Pinebrook Pointe Apartments.
What is the most affordable Parkway Village Three Bedroom Apartment?
The best deal on a cheap Parkway Village Three Bedroom Apartment rental is at Emerald Ridge and starts from $849.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.