Cheap Homes for Rent in Parkway Village Neighborhood of Memphis, TN from $600 (2 Rentals)

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

Parkway Village, Memphis, TN Local Guide

Best Value Apartments for Rent in Parkway Village, TN

As of April 12, 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 $1,033 with a $0.99 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$0.99
Sherwood FlatsB22BR,1BA$1.08
Legacy on Lynnfield1x11BR,1BA$1.37
RoxburyBerkly1BR,1BA$1.58
Cedar Run Apartments1 Bedroom 1 Bath1BR,1BA$1.24
Getwell PointeA11BR,1BA$1.27
Camelot Manor1 Bed, 1 bath1BR,1BA$1.15
Azure Place Apartments1 Bedroom A1BR,1BA$1.35
The Residences at LakeviewStudioStudio ,1BA$1.56

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Frequently Asked Questions about Parkway Village

What type of rentals are currently available in Parkway Village?

There are currently 46 Apartments for Rent in Parkway Village, TN with pricing that ranges from $581 to $3,440. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Village ranging from $650 to $1,715.

What is the current price range for Rental Homes in Parkway Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway Village ranges from $650 to $1,715 with an average monthly rent of $1,241.

How much are larger Three and Four Bedroom Rentals in Parkway Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkway Village range from $815 to $2,059, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,715 and Four Bedroom Apartments start at $1,420.

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.

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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.

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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.

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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.