
Cheap Homes for Rent in the Parkway South Neighborhood of Midland, TX from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway South area of Midland.


3104 W Kansas Ave

2209 W Kentucky Ave

3007 W Louisiana Ave, Unit 11
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.

501 W Louisiana Ave, Unit 103

2101 Brunson Ave

1216 E Parker Ave

2619 Delano Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Parkway South, Midland, TX Local Guide

How much does it cost to rent a home in Parkway South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway South 2 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
| Parkway South 3 Bedroom Homes for Rent | $2,632 | $1,800 | $3,200 |
| Parkway South 4 Bedroom Homes for Rent | $2,892 | $2,300 | $3,485 |
| Parkway South 6 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Santa Rita Senior | 1-40 | 1BR,1BA | $775 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $800 |
| Palladium Museum Place | B1 | 2BR,2BA | $912 |
Best Value Apartments for Rent in Parkway South, TX
As of September 06, 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 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 |
| Avanti Townhomes | 2 Bedroom 2 Bath | 2BR,2BA | $1.33 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $1.01 |
| Palladium Midland Apartments | A1 | 1BR,1BA | $1.51 |
| ReNew Highland Park | 1 BR x 1 BA - A | 1BR,1BA | $1.31 |
| Compass Pointe | A1 | 1BR,1BA | $1.62 |
| Santa Rita Senior | 1-40 | 1BR,1BA | $1.08 |
| Constellation Ranch | A1 | 1BR,1BA | $1.38 |
| ReNew Heights | 1 BR x 1 BA - A | 1BR,1BA | $1.59 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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 Parkway South
What type of rentals are currently available in Parkway South?
There are currently 39 Apartments for Rent in Parkway South, TX with pricing that ranges from $800 to $3,330. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway South ranging from $800 to $6,500.
What is the current price range for Rental Homes in Parkway South?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway South ranges from $800 to $6,500 with an average monthly rent of $2,554.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.