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Cheap Homes for Rent in Parkway Village Neighborhood of Memphis, TN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway Village area of Memphis.
2705-2715 Cherry Rd
MemphisTN38118
1711 Coleen Rd
MemphisTN38111
3492 Venable Rd
MemphisTN38118
3452 Austinwood Dr
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.
2969 Danville Rd
MemphisTN38118
4117 Chippewa Rd
MemphisTN38118
3987 Chippewa Rd
MemphisTN38118
4036 Navaho Ave
MemphisTN38118
3124 S Goodlett St
MemphisTN38118
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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4302 Knight Arnold Rd
MemphisTN38118
Showing Results 1-11, Page 1 of 1
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 | $998 | $895 | $1,150 |
| Parkway Village 3 Bedroom Homes for Rent | $1,230 | $895 | $1,695 |
| Parkway Village 4 Bedroom Homes for Rent | $1,481 | $1,300 | $1,795 |
| Parkway Village 5 Bedroom Homes for Rent | $1,600 | $1,450 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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-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 November 11, 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-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 | $0.69 |
| 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 | $1.33 |
| Windsor Place | 1X1A | 1BR,1BA | $1.10 |
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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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Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick Rent Budget Calculator
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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
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 $1,550. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Village ranging from $650 to $1,795.
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 $1,795 with an average monthly rent of $1,191.
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 $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,695. Four Bedroom Single-Family rentals are also available starting from $1,300 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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.