Cheap Apartments for Rent in the Parkway Village Neighborhood of Memphis, TN from $400 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Parkway Village area of Memphis.

close
View Me
Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118
close
View Me
Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118
close
View Me
Emerald Ridge
1 to 3 Bedroom Apartments

Emerald Ridge

4280 Mount Hood StMemphis, TN 38118
close
View Me
Pinebrooke Pointe
1 to 2 Bedroom Apartments

Pinebrooke Pointe

3541 Mediterranean DrMemphis, TN 38118
close
View Me
Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
close
View Me
Inland Suites Lamar
1 Bedroom Apartments

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
close
View Me
Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
  • Utilities Included
close
View Me
Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • Utilities Included

Parkway Village, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
The Residences at LakeviewStudioStudio,1BA$581
WoodlakeEfficiencyStudio,1BA$599
Camelot Manor1 Bed, 1 bath1BR,1BA$749
Shadowbrook Townhomes2 Bedroom Basic2BR,1BA$830
Azure Place Apartments1 Bedroom C1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Twin Oaks2 Bedroom, 1.5 Bathroom TH2BR,1BA$0.97
Sherwood Flats2 Bed, 1 Bath w/ Washer/Dryer2BR,1BA$1.08
Getwell PointeB22BR,1.5BA$1.25
Legacy on Lynnfield1x11BR,1BA$1.37
RoxburyBerkly1BR,1BA$1.58
Cedar Run Apartments1 Bedroom 1 Bath1BR,1BA$1.24
Camelot Manor1 Bed, 1 bath1BR,1BA$1.15
Azure Place Apartments1 Bedroom A1BR,1BA$1.35
The Residences at LakeviewStudioStudio ,1BA$1.56

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Parkway Village, Memphis, TN

Ranked #75

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.