
Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $766 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.


Constellation Ranch

ReNew Highland Park

Total Monthly Price
601 George Ave

ReNew Heights

3007 W Louisiana Ave, Unit 11

501 W Louisiana Ave, Unit 103
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FLATZ 432

Playa Del Pueblo

Compass Pointe

Cedar Elm Apartments

Palladium Museum Place

Santa Rita Senior

Windgate
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Park Glen Apartments

3001 W Ohio Ave

West Park Apts, 50% OFF FIRST MONTH'S RENT!

Garden Court Apartments

1203 E County Rd 128

3104 W Kansas Ave

Palladium Midland Apartments
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200 Mitchell St

1216 E Parker Ave
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 | $1,188 | $1,119 | $1,249 |
| Parkway South 1 Bedroom Apartments | $1,335 | $800 | $2,456 |
| Parkway South 2 Bedroom Apartments | $1,696 | $950 | $2,915 |
| Parkway South 3 Bedroom Apartments | $2,159 | $1,292 | $3,330 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 3 mile radius of the Parkway South Neighborhood of Midland, TX.
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Parkway South, Midland, TX Local Guide
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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 Palladium Museum Place priced from $766. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palladium Museum Place | A1 | 1BR, 1BA | $766 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR, 1BA | $800 |
| Constellation Ranch | A1 | 1BR, 1BA | $980 |
| ReNew Highland Park | 1 BR x 1 BA - A | 1BR, 1BA | $999 |
| 601 George Ave | 1 Bedroom | 1BR, 1BA | $1,000 |
Best Value Apartments for Rent in Parkway South, TX
As of September 23, 2026 the best value apartment in the Parkway South area is the $1.08 price per square foot 2 Bedroom Model at 601 George Ave in the Wadley Heights neighborhood starting from $1,300. The second greatest value Parkway South apartment is the Townhome Model at Cedar Elm Apartments in the Wadley Heights neighborhood starting at $1,200 with a $1.17 price per square foot. 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. |
|---|---|---|---|
| 601 George Ave | 2 Bedroom | 2BR, 2BA | $1.08 |
| 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 | 1 BR x 1 BA - A | 1BR, 1BA | $1.33 |
| Compass Pointe | A1 | 1BR, 1BA | $1.62 |
| Constellation Ranch | A1 | 1BR, 1BA | $1.38 |
| ReNew Heights | 1 BR x 1 BA - A | 1BR, 1BA | $1.51 |
| FLATZ 432 | Atlas - 1 Bedroom 626 | 1BR, 1BA | $2.15 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 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 $1,200.
What is the price of a cheap apartment in Parkway South?
The cheapest apartment in Parkway South is Palladium Museum Place which is listed at $766, while the average apartment in Parkway South costs $1,699.
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 14 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 $248 which is $1,451 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.