
Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $800 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.


The Azure Apartment Homes

Pinehurst Apartments

Cedar Elm Apartments

Compass Pointe
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.

Constellation Ranch

ReNew Heights

ReNew Highland Park

Palladium Midland Apartments

Park Glen Apartments
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.

Windgate
Parkway South, Midland, TX Local Guide

How much does it cost to rent an apartment in Parkway South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway South Studio Apartments | $1,233 | $1,219 | $1,244 |
| Parkway South 1 Bedroom Apartments | $1,311 | $800 | $1,609 |
| Parkway South 2 Bedroom Apartments | $1,510 | $950 | $2,249 |
| Parkway South 3 Bedroom Apartments | $1,745 | $1,292 | $2,378 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 3 mile radius of the Parkway South Neighborhood of Midland, TX.
See all Apartments in MidlandExplore Midland
Parkway South, Midland, TX Local Guide
- Nearby Midland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Pinehurst Apartments priced from $800. Compass Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $980. Here are the most affordable Parkway South apartments for rent in Midland, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $800 |
| Compass Pointe | A1 | 1BR,1BA | $980 |
| Constellation Ranch | A1 | 1BR,1BA | $980 |
| ReNew Heights | Brown | 1BR,1BA | $1,039 |
| ReNew Highland Park | Bentley | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Parkway South, TX
As of March 04, 2026 the best value apartment in the Parkway South area is the $1.51 price per square foot 3-60 Model at Sterling Springs Villas in the in the Kelview Heights neighborhood starting from $1,663. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sterling Springs Villas | 3-60 | 3BR,2BA | $1.51 |
| Cedar Elm Apartments | Townhome | 2BR,1.5BA | $1.17 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $1.01 |
| The Azure Apartment Homes | 1 Bedroom 1 Bathroom Market | 1BR,1BA | $1.83 |
| Palladium Midland Apartments | A1 | 1BR,1BA | $1.51 |
| ReNew Highland Park | Bentley | 1BR,1BA | $1.47 |
| Compass Pointe | A1 | 1BR,1BA | $1.34 |
| Constellation Ranch | A1 | 1BR,1BA | $1.38 |
| ReNew Heights | Brown | 1BR,1BA | $1.54 |
| FLATZ 432 | Studio 528 | Studio ,1BA | $2.31 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleParkway South, Midland, TX
Ranked #39
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Parkway South Apartments
What is the Cheapest Studio apartment in Parkway South?
Currently the most affordable Cheap Studio Apartment in Parkway South is at FLATZ 432 listed at $1,219.
How much is rent for a Cheap One Bedroom Parkway South Apartment?
The lowest price for a Cheap One Bedroom Parkway South Apartment is $800 at Pinehurst Apartments.
What is the lowest price for a Cheap Two Bedroom Parkway South Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkway South is starting from $950 at Pinehurst Apartments.
What is the most affordable Parkway South Three Bedroom Apartment?
The best deal on a cheap Parkway South Three Bedroom Apartment rental is at Constellation Ranch and starts from $1,292.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.