Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $500 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.

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Windgate
Studio to 2 Bedroom Apartments

Windgate

2900 W Illinois AveMidland, TX 79701

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Park Glen Apartments
1 to 3 Bedroom Apartments

Park Glen Apartments

2300 Camp DrMidland, TX 79701
  • Utilities Included

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Cheapest Available Parkway South Apartments for Rent

 

The cheapest available apartment rental in the Parkway South area of Midland, TX is a 1 Bed unit found at Constellation Ranch priced from $511. Pinehurst Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Parkway South apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
Constellation RanchA11BR,1BA$511
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Compass PointeA11BR,1BA$980

Best Value Apartments for Rent in Parkway South, TX

As of January 07, 2026 the best value apartment in the Parkway South area is the $1.80 price per square foot W3 Model at FLATZ 432 in the in the Original Town neighborhood starting from $2,378. The second greatest value Parkway South apartment is the Townhome Model at Cedar Elm Apartments starting at $1,200 with a $1.17 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Parkway South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
FLATZ 432W33BR,2BA$1.80
Cedar Elm ApartmentsTownhome2BR,1.5BA$1.17
ReNew HeightsLane2BR,1BA$1.45
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
The Azure Apartment Homes1 Bedroom 1 Bathroom Market1BR,1BA$1.83
Palladium Midland ApartmentsA11BR,1BA$1.51
ReNew Highland ParkBentley1BR,1BA$1.53
Compass PointeA11BR,1BA$1.34
Constellation RanchA11BR,1BA$0.72
Sterling Springs Villas1-601BR,1BA$1.85

Frequently Asked Questions about Cheap Parkway South Apartments

What is a cheap apartment in Parkway South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway South is under $1,255.

What is the price of a cheap apartment in Parkway South?

The cheapest apartment in Parkway South is Constellation Ranch which is listed at $511, while the average apartment in Parkway South costs $1,679.

What types of apartments are the cheapest in Parkway South?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Parkway South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Parkway South?

Cheap apartments in Parkway South have an average cost of $499 which is $1,180 cheaper than the average rent for all rentals in Parkway South.

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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!