Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.

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.

Read Article

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.

Read Article
close
View Me
Cedar Creek Apartments
Studio to 2 Bedroom Apartments

Cedar Creek Apartments

3365 Steve RdMemphis, TN 38111
  • Utilities Included
close
View Me
Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118
close
View Me
Inland Suites Lamar
1 Bedroom Apartments

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
close
View Me
Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
close
View Me
Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118

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.

Read Article
close
View Me
Champaign Place
1 Bedroom Apartments

Champaign Place

2715 Cherry RdMemphis, TN 38118
  • Utilities Included
close
View Me
Camelot Manor
1 to 3 Bedroom Apartments

Camelot Manor

3151 Ashwood StMemphis, TN 38118
  • Utilities Included
close
View Me
Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • Utilities Included
close
View Me
Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
  • Utilities Included

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.

Read Article
close
View Me
Anchor Blu
3 Bedroom Apartments

Anchor Blu

3251 Old Getwell RdMemphis, TN 38118
  • Utilities Included
Showing Results 1-26, Page 1 of 1

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 Emerald Ridge Apartments priced from $650. Pinebrook Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emerald Ridge Apartments1 bedroom 1 bathroom1BR,1BA$650
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$699
Shadowbrook Townhomes2 Bedroom Basic2BR,1BA$830
Aspen Parc2 Bedroom2BR,1BA$850
Azure Place Apartments1 Bedroom A1BR,1BA$855
Windsor Place2X2C2BR,2BA$925

Best Value Apartments for Rent in Parkway Village, TN

As of July 08, 2026 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 $925 with a $0.93 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Windsor Place2X2C2BR,2BA$0.93
Aspen Parc2 Bedroom2BR,1.5BA$0.90
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$1.07
Emerald Ridge Apartments1 bedroom 1 bathroom1BR,1BA$1.00
Azure Place Apartments1 Bedroom A1BR,1BA$1.38

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 $650 at Emerald Ridge Apartments.

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 $825 at Emerald Ridge 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 Apartments and starts from $949.

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive article

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for The Local Memphis Experts Guide to Renting Near the Citys Top Employers article

The Local Memphis Experts Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

decorative image for Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City article

Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.