2705-2715 Cherry Rd
MemphisTN38118
Cheap Homes for Rent in Parkway Village Neighborhood of Memphis, TN from $600 (2 Rentals)
Search the lowest-cost Homes 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.
3990 Ashview Cove
MemphisTN38118
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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Parkway Village, Memphis, TN Local Guide
How much does it cost to rent a home in Parkway Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway Village 2 Bedroom Homes for Rent | $1,092 | $985 | $1,175 |
| Parkway Village 3 Bedroom Homes for Rent | $1,316 | $1,040 | $1,600 |
| Parkway Village 4 Bedroom Homes for Rent | $1,508 | $1,350 | $1,695 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Parkway Village Neighborhood of Memphis, TN.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
| Aspen Parc | 2 Bedroom | 2BR,1.5BA | $0.90 |
| Emerald Ridge | 2 bedroom 1 bathroom | 2BR,1BA | $0.98 |
| Getwell Pointe Apartments | Grandes ofertas de mudanza 1Recamara! Great Mov... | 1BR,1BA | $1.29 |
| Woodlake | One Bedroom | 1BR,1BA | $1.07 |
| Azure Place Apartments | 1 Bedroom B | 1BR,1BA | $1.10 |
| Pinebrook Pointe | 1 Bedroom 1 bathroom | 1BR,1BA | $1.07 |
Frequently Asked Questions about Parkway Village
What type of rentals are currently available in Parkway Village?
There are currently 39 Apartments for Rent in Parkway Village, TN with pricing that ranges from $599 to $1,550. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Village ranging from $600 to $1,695.
What is the current price range for Rental Homes in Parkway Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway Village ranges from $600 to $1,695 with an average monthly rent of $1,129.
How much are larger Three and Four Bedroom Rentals in Parkway Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkway Village range from $949 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,040 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,400.
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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.