
Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.


Cedar Mill Apartments & Townhouses

Camelot Manor

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 | $606 | $581 | $625 |
Parkway Village 1 Bedroom Apartments | $993 | $635 | $1,469 |
Parkway Village 2 Bedroom Apartments | $994 | $736 | $1,749 |
Parkway Village 3 Bedroom Apartments | $1,198 | $815 | $2,059 |
Parkway Village 4 Bedroom Apartments | $2,196 | $1,420 | $3,730 |
Browse Apartments in this Neighborhood
There are currently 20 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 Studio unit found at The Residences at Lakeview priced from $581. Woodlake has the second lowest priced unit, which is a Studio apartment currently listed from $599. Here are the most affordable Parkway Village apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Residences at Lakeview | Studio | Studio,1BA | $581 |
Woodlake | Efficiency | Studio,1BA | $599 |
Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $749 |
Shadowbrook Townhomes | 2 Bedroom Basic | 2BR,1BA | $830 |
Azure Place Apartments | 1 Bedroom C | 1BR,1BA | $855 |
Best Value Apartments for Rent in Parkway Village, TN
As of April 05, 2025 the best value apartment in the Parkway Village area is the $0.69 price per square foot 2 Bedroom w/ Den Model at Shadowbrook Townhomes in the in the Oakhaven neighborhood starting from $850. The second greatest value Parkway Village apartment is the 2 Bedroom, 1.5 Bathroom TH Model at Twin Oaks starting at $1,008 with a $0.97 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. |
---|---|---|---|
Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
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 | B2 | 2BR,1.5BA | $1.25 |
Legacy on Lynnfield | 1x1 | 1BR,1BA | $1.37 |
Roxbury | Berkly | 1BR,1BA | $1.58 |
Cedar Run Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.24 |
Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
Azure Place Apartments | 1 Bedroom A | 1BR,1BA | $1.35 |
The Residences at Lakeview | Studio | Studio ,1BA | $1.56 |
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Pet Friendly LifestyleParkway Village, Memphis, TN
Ranked #75
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 $635 at The Residences at Lakeview.
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 $736 at The Residences at Lakeview.
What is the most affordable Parkway Village Three Bedroom Apartment?
The best deal on a cheap Parkway Village Three Bedroom Apartment rental is at The Residences at Lakeview and starts from $815.
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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.