Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $500 (24 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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601 George Ave
$1,000 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,500
Total Monthly Price
$1,000 - $1,500
1 to 3 Bedroom Apartments Available Now

601 George Ave

601 George AveMidland, TX 79705
Cost Per Sq.Ft.
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Santa Rita Senior
1 to 2 Bedroom Apartments

Santa Rita Senior

1900 E Golf Course RdMidland, TX 79701
Senior Living
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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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Avanti Townhomes
1 to 3 Bedroom Apartments

Avanti Townhomes

2301 Cotton Flat RdMidland, TX 79701

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Showing Results 1-24, Page 1 of 1

Parkway South, Midland, TX Local Guide

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 Santa Rita Senior priced from $775. 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
Santa Rita Senior1-401BR,1BA$775
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Constellation RanchA11BR,1BA$980
601 George Ave1 Bedroom1BR,1BA$1,000
Compass PointeA11BR,1BA$1,080

Best Value Apartments for Rent in Parkway South, TX

As of July 25, 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 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.
601 George Ave2 Bedroom2BR,2BA$1.08
Cedar Elm ApartmentsTownhome2BR,1.5BA$1.17
Avanti Townhomes2 Bedroom 2 Bath2BR,2BA$1.51
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
Palladium Midland ApartmentsA11BR,1BA$1.51
ReNew Highland Park1 Bed 1 Bath A1BR,1BA$1.49
Compass PointeA11BR,1BA$1.48
Playa Del Pueblo1 Bed 1 Bath1BR,1BA$1.59
Constellation RanchA11BR,1BA$1.38
ReNew Heights1 BR x 1 BA - A1BR,1BA$1.62

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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Pet Friendly Lifestyle
Parkway South, Midland, TX

Ranked #39

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,149.

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

The cheapest apartment in Parkway South is Santa Rita Senior which is listed at $775, while the average apartment in Parkway South costs $2,378.

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 16 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 $279 which is $2,099 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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.