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$1,149 - $2,442Studio to 3 Bedroom Apartments Available Now
FLATZ 432
1200 Albert AveMidland, TX 79701
Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.
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Rent Specials
$573 - $2,1741 to 3 Bedroom Apartments Available Now
The Azure Apartment Homes
1201 Albert AveMidland, TX 79706
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$800 - $9501 to 2 Bedroom Apartments Available Now
Pinehurst Apartments
609 Watson StMidland, TX 79701
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$1,200 - $2,1002 to 3 Bedroom Apartments Available Now
Cedar Elm Apartments
501 W Cowden AveMidland, TX 79701
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$980 - $1,2921 to 3 Bedroom Apartments Available Now
Compass Pointe
1509 Wayside DrMidland, TX 79701
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Rent Specials
$980 - $1,2921 to 3 Bedroom Apartments Available Now
Constellation Ranch
1301 Latta StMidland, TX 79701
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$1,039 - $2,4491 to 2 Bedroom Apartments Available Now
ReNew Heights
2300 N A StMidland, TX 79705
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1 to 3 Bedroom Apartments
Palladium Midland Apartments
2300 S Lamesa RdMidland, TX 79701
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1 to 3 Bedroom Apartments
Park Glen Apartments
2300 Camp DrMidland, TX 79701
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Studio to 2 Bedroom Apartments
Windgate
2900 W Illinois AveMidland, TX 79701
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.
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1 to 3 Bedroom Apartments
ReNew Highland Park
2601 N A StMidland, TX 79705
Showing Results 1-11, Page 1 of 1
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 | $1,220 | $1,149 | $1,249 |
| Parkway South 1 Bedroom Apartments | $1,467 | $573 | $1,799 |
| Parkway South 2 Bedroom Apartments | $1,903 | $681 | $2,449 |
| Parkway South 3 Bedroom Apartments | $2,121 | $788 | $2,442 |
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.
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Parkway South, Midland, TX Local Guide
- Nearby Midland neighborhoods
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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 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 |
| 601 George Ave | 1 Bedroom | 1BR,1BA | $1,000 |
| Playa Del Pueblo | 1 Bed 1 Bath | 1BR,1BA | $1,038 |
Best Value Apartments for Rent in Parkway South, TX
As of June 03, 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 in the Wadley Heights neighborhood starting from $1,300. The second greatest value Parkway South apartment is the 2 Bed 1.5 Bath Washer Dryer Model at ReNew Highland Park starting at $1,489 with a $1.32 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. |
|---|---|---|---|
| 601 George Ave | 2 Bedroom | 2BR,2BA | $1.08 |
| ReNew Highland Park | 2 Bed 1.5 Bath Washer Dryer | 2BR,1.5BA | $1.32 |
| Sterling Springs Villas | 3-50 | 3BR,2BA | $1.23 |
| Cedar Elm Apartments | Townhome | 2BR,1.5BA | $1.17 |
| Avanti Townhomes | 2 Bedroom 2 Bath | 2BR,2BA | $1.52 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $1.01 |
| Palladium Midland Apartments | A1 | 1BR,1BA | $1.51 |
| Compass Pointe | A1 | 1BR,1BA | $1.34 |
| Playa Del Pueblo | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| Constellation Ranch | A1 | 1BR,1BA | $1.38 |
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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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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 $1,249.
What is the price of a cheap apartment in Parkway South?
The cheapest apartment in Parkway South is Pinehurst Apartments which is listed at $800, while the average apartment in Parkway South costs $2,412.
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 11 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 $235 which is $2,177 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
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.