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Rent Specials
$855 - $1,4601 to 4 Bedroom Apartments Available Now
Azure Place Apartments
3896 Chippewa RdMemphis, TN 38118
Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.
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$699 - $7991 to 2 Bedroom Apartments Available Now
Pinebrook Pointe-New
3541 Mediterranean DrMemphis, TN 38118
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$890 - $9851 to 2 Bedroom Apartments Available Now
Getwell Pointe Apartments
2973 Getwell RdMemphis, TN 38118
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$599 - $8991 to 3 Bedroom Apartments Available Now
Emerald Ridge-New
4280 Mount Hood StMemphis, TN 38118
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$780 - $1,0002 to 3 Bedroom Apartments Available Now
Shadowbrook Townhomes
3318 Petosky StMemphis, TN 38118
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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.
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$735 - $1,5501 to 3 Bedroom Apartments Contact Us For Availability
Cedar Mill Apartments & Townhouses
3505 S MendenhallMemphis, TN 38115
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1 to 3 Bedroom Apartments
The Vue at Claudette Townhomes & Apartments
2718 Claudette RdMemphis, TN 38118
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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.
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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
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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.
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Showing Results 1-25, 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 | $599 | $599 | $599 |
| Parkway Village 1 Bedroom Apartments | $716 | $599 | $915 |
| Parkway Village 2 Bedroom Apartments | $879 | $780 | $1,450 |
| Parkway Village 3 Bedroom Apartments | $1,020 | $849 | $1,550 |
| Parkway Village 4 Bedroom Apartments | $1,460 | $1,460 | $1,460 |
Browse Apartments in this Neighborhood
There are currently 25 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
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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 Emerald Ridge-New priced from $599. Windsor Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Ridge-New | 1 bedroom 1 bathroom | 1BR,1BA | $599 |
| Windsor Place | 1X1A | 1BR,1BA | $675 |
| Pinebrook Pointe-New | 1 Bedroom 1 bathroom | 1BR,1BA | $699 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $725 |
| Woodlake | One Bedroom | 1BR,1BA | $725 |
Best Value Apartments for Rent in Parkway Village, TN
As of December 06, 2025 the best value apartment in the Parkway Village area is the $0.65 price per square foot 2 Bedroom w/ Den Model at Shadowbrook Townhomes in the in the Oakhaven neighborhood starting from $800. The second greatest value Parkway Village apartment is the 2 bedroom 1 bathroom Model at Emerald Ridge-New starting at $849 with a $0.98 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 | $0.65 |
| Emerald Ridge-New | 2 bedroom 1 bathroom | 2BR,1BA | $0.98 |
| Getwell Pointe Apartments | A2 | 1BR,1BA | $1.22 |
| Woodlake | One Bedroom | 1BR,1BA | $1.05 |
| Pinebrook Pointe-New | 1 Bedroom 1 bathroom | 1BR,1BA | $1.07 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
| Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $1.41 |
| Windsor Place | 1X1A | 1BR,1BA | $1.10 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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-New.
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 $780 at Shadowbrook Townhomes.
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-New 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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!