
Cheap Homes for Rent in Parkway Village Neighborhood of Memphis, TN from $600 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway Village area of Memphis.
Parkway Village, Memphis, TN Local Guide

How much does it cost to rent a home in Parkway Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkway Village 2 Bedroom Homes for Rent | $850 | $850 | $850 |
Parkway Village 3 Bedroom Homes for Rent | $1,365 | $850 | $1,795 |
Parkway Village 4 Bedroom Homes for Rent | $1,715 | $1,715 | $1,715 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Parkway Village, TN
As of March 28, 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 | B2 | 2BR,1.5BA | $1.25 |
Azure Place Apartments | 2 Bedroom A | 2BR,1BA | $1.16 |
Cedar Run Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.24 |
Woodlake | One Bedroom | 1BR,1BA | $1.05 |
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Frequently Asked Questions about Parkway Village
What type of rentals are currently available in Parkway Village?
There are currently 50 Apartments for Rent in Parkway Village, TN with pricing that ranges from $450 to $3,820. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Village ranging from $650 to $1,795.
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 $1,795 with an average monthly rent of $1,145.
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 $799 to $1,959, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,795. Four Bedroom Single-Family rentals are also available starting from $1,715 and Four Bedroom Apartments start at $1,440.
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.