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

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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.

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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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Cedar Creek Apartments
Studio to 2 Bedroom Apartments

Cedar Creek Apartments

3365 Steve RdMemphis, TN 38111
  • Utilities Included
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Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
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Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

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

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
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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.

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Champaign Place
1 Bedroom Apartments

Champaign Place

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

Camelot Manor

3151 Ashwood StMemphis, TN 38118
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Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • Utilities Included
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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.

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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 priced from $599. 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 Ridge1 bedroom 1 bathroom1BR,1BA$599
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$699
Azure Place Apartments1 Bedroom C1BR,1BA$715
WoodlakeOne Bedroom1BR,1BA$735
Shadowbrook Townhomes2 Bedroom Basic2BR,1BA$830
Aspen Parc2 Bedroom2BR,1BA$850
Getwell Pointe ApartmentsGrandes ofertas de mudanza 1Recamara! Great Mov...1BR,1BA$850

Best Value Apartments for Rent in Parkway Village, TN

As of May 24, 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 2 Bedroom Model at Aspen Parc starting at $895 with a $0.90 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
Aspen Parc2 Bedroom2BR,1.5BA$0.90
Emerald Ridge2 bedroom 1 bathroom2BR,1BA$0.98
Getwell Pointe ApartmentsGrandes ofertas de mudanza 1Recamara! Great Mov...1BR,1BA$1.29
WoodlakeOne Bedroom1BR,1BA$1.07
Azure Place Apartments1 Bedroom B1BR,1BA$1.10
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$1.07

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 $765 at Azure Place 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 $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.

Articles, How-To's, and Tips

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

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.