
Cheap Homes for Rent in Parkway South Neighborhood of Midland, TX from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway South area of Midland.


600 Liddon Ave

3007 W Louisiana Ave
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.

2200 E California Ave

304 Kessler Ave

402 Sunset St
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.
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 3 Bedroom Homes for Rent | $2,328 | $1,900 | $2,800 |
| Parkway South 4 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 3 mile radius of the Parkway South Neighborhood of Midland, TX.
Explore Midland
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 Constellation Ranch priced from $511. 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 |
|---|---|---|---|
| Constellation Ranch | A1 | 1BR,1BA | $511 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $800 |
| Compass Pointe | A1 | 1BR,1BA | $980 |
Best Value Apartments for Rent in Parkway South, TX
As of January 08, 2026 the best value apartment in the Parkway South area is the $1.80 price per square foot W3 Model at FLATZ 432 in the in the Original Town neighborhood starting from $2,378. 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. |
|---|---|---|---|
| FLATZ 432 | W3 | 3BR,2BA | $1.80 |
| Cedar Elm Apartments | Townhome | 2BR,1.5BA | $1.17 |
| ReNew Heights | Lane | 2BR,1BA | $1.45 |
| 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 | $1.53 |
| Compass Pointe | A1 | 1BR,1BA | $1.34 |
| Constellation Ranch | A1 | 1BR,1BA | $0.72 |
| Sterling Springs Villas | 1-60 | 1BR,1BA | $1.85 |
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 $511 to $2,378. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway South ranging from $1,000 to $2,800.
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 $1,000 to $2,800 with an average monthly rent of $1,742.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!