
Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.


The Residences at Lakeview

Cedar Mill Apartments & Townhouses

Highland Hills

2705-2715 Cherry Rd
Parkway Village, Memphis, TN Local Guide

How much does it cost to rent an apartment in Parkway Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkway Village Studio Apartments | $618 | $581 | $1,099 |
Parkway Village 1 Bedroom Apartments | $1,071 | $450 | $1,509 |
Parkway Village 2 Bedroom Apartments | $1,007 | $600 | $1,699 |
Parkway Village 3 Bedroom Apartments | $1,176 | $799 | $1,959 |
Parkway Village 4 Bedroom Apartments | $2,103 | $1,440 | $3,410 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Parkway Village Neighborhood of Memphis, TN.
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Parkway Village, Memphis, TN Local Guide
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Cheapest Available Parkway Village Apartments for Rent
 The cheapest available apartment rental in the Parkway Village area of Memphis, TN is a 1 Bed unit found at Camelot Manor priced from $450. The Residences at Lakeview has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $450 |
The Residences at Lakeview | Studio | Studio,1BA | $581 |
Shadowbrook Townhomes | 2 Bedroom Basic | 2BR,1BA | $830 |
Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $835 |
Cedar Run Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $865 |
Best Value Apartments for Rent in Parkway Village, TN
As of March 22, 2025 the best value apartment in the Parkway Village area is the $0.84 price per square foot 3369 Foxwood Dr Model at 3369 Foxwood Dr in the in the Oakhaven neighborhood starting from $1,880. The second greatest value Parkway Village apartment is the 4351 Cottonwood Rd Model at 4351 Cottonwood Rd starting at $1,415 with a $1.06 price per square foot in the Oakhaven neighborhood. Here is today’s list of the best values for Parkway Village apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
3369 Foxwood Dr | 3369 Foxwood Dr | 4BR,2BA | $0.84 |
4351 Cottonwood Rd | 4351 Cottonwood Rd | 3BR,2BA | $1.06 |
Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
Camelot Manor | 3 Beds, 2 baths | 3BR,2BA | $0.71 |
Twin Oaks | 2 Bedroom, 1.5 Bathroom TH | 2BR,1BA | $0.97 |
Sherwood Flats | 2 Bed, 1 Bath w/ Washer/Dryer | 2BR,1BA | $1.08 |
Getwell Pointe | One Bedroom Apartment for Rent | 1BR,1BA | $1.27 |
Cedar Run Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.24 |
Woodlake | One Bedroom | 1BR,1BA | $1.05 |
Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $1.35 |
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Pet Friendly LifestyleParkway Village, Memphis, TN
Ranked #71
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Parkway Village Neighborhood in Memphis, TN
Walk Score®
46 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
30 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Parkway Village Apartments
What is the Cheapest Studio apartment in Parkway Village?
Currently the most affordable Cheap Studio Apartment in Parkway Village is at The Residences at Lakeview listed at $581.
How much is rent for a Cheap One Bedroom Parkway Village Apartment?
The lowest price for a Cheap One Bedroom Parkway Village Apartment is $450 at Camelot Manor.
What is the lowest price for a Cheap Two Bedroom Parkway Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkway Village is starting from $600 at Camelot Manor.
What is the most affordable Parkway Village Three Bedroom Apartment?
The best deal on a cheap Parkway Village Three Bedroom Apartment rental is at Camelot Manor and starts from $799.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.