2705-2715 Cherry Rd
MemphisTN38118
Cheap Homes for Rent in Parkway Village Neighborhood of Memphis, TN from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway Village area of Memphis.
3433 Barbwood Dr
MemphisTN38118
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.
4954 Teal Ave
MemphisTN38118
2984 Cherry Rd
MemphisTN38118
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
3987 Chippewa Rd
MemphisTN38118
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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 3 Bedroom Homes for Rent | $1,367 | $1,095 | $1,820 |
| Parkway Village 4 Bedroom Homes for Rent | $1,598 | $1,565 | $1,645 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Emerald Ridge priced from $599. Pinebrook Pointe Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Ridge | 1 bedroom 1 bathroom | 1BR,1BA | $599 |
| Pinebrook Pointe Apartments | 1 Bedroom 1 bathroom | 1BR,1BA | $699 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $749 |
Best Value Apartments for Rent in Parkway Village, TN
As of June 22, 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 2 bedroom 1 bathroom Model at Emerald Ridge 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 | $0.69 |
| Emerald Ridge | 2 bedroom 1 bathroom | 2BR,1BA | $0.98 |
| Getwell Pointe Apartments | B2 | 2BR,1.5BA | $1.22 |
| Pinebrook Pointe Apartments | 1 Bedroom 1 bathroom | 1BR,1BA | $1.07 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
| Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $1.38 |
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Frequently Asked Questions about Parkway Village
What type of rentals are currently available in Parkway Village?
There are currently 37 Apartments for Rent in Parkway Village, TN with pricing that ranges from $599 to $1,790. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Village ranging from $650 to $1,820.
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 $650 to $1,820 with an average monthly rent of $1,205.
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 $849 to $1,790, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $1,820. Four Bedroom Single-Family rentals are also available starting from $1,565 and Four Bedroom Apartments start at $1,460.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.