Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.

Sterling Springs Villas
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

West Park Apts, 50% OFF FIRST MONTH'S RENT!
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

3000 W Illinois Ave
Parkway South, Midland, TX Local Guide

How much does it cost to rent an apartment in Parkway South?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkway South Studio Apartments | $1,727 | $1,481 | $1,976 |
Parkway South 1 Bedroom Apartments | $1,344 | $975 | $2,246 |
Parkway South 2 Bedroom Apartments | $1,585 | $1,086 | $2,640 |
Parkway South 3 Bedroom Apartments | $1,868 | $1,292 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 3 mile radius of the Parkway South Neighborhood of Midland, TX.
See all Apartments in MidlandExplore Midland
Parkway South, Midland, TX Local Guide
- Nearby Midland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Parkway South Apartments for Rent
 The cheapest available apartment rental in the Parkway South area of Midland, TX is a 1 Bed unit found at Pinehurst Apartments priced from $975. Sterling Springs Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $994. Here are the most affordable Parkway South apartments for rent in Midland, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $975 |
Sterling Springs Villas | 1 Bed, 1 bath | 1BR,1BA | $994 |
ReNew Heights | Brown | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Parkway South, TX
As of May 14, 2025 the best value apartment in the Parkway South area is the $1.46 price per square foot 2 Bedroom Apartment Home Model at Signature Place in the in the Wadley Heights neighborhood starting from $1,960. The second greatest value Parkway South apartment is the 2B Model at Windgate starting at $1,475 with a $1.23 price per square foot in the Gardens neighborhood. Here is today’s list of the best values for Parkway South apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Signature Place | 2 Bedroom Apartment Home | 2BR,2BA | $1.46 |
Windgate | 2B | 2BR,2BA | $1.23 |
The Midkiff | 2/2 All Bills Paid | 2BR,2BA | $1.15 |
Cedar Elm Apartments | Townhome | 2BR,1.5BA | $1.36 |
Constellation Ranch | B1 | 2BR,2BA | $1.21 |
Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $1.23 |
ReNew Highland Park | Bentley | 1BR,1BA | $1.55 |
Palladium Midland Apartments | A1 | 1BR,1BA | $1.51 |
Compass Pointe | A1 | 1BR,1BA | $1.53 |
Sterling Springs Villas | 1 Bed, 1 bath | 1BR,1BA | $1.50 |
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.
Pet Friendly LifestyleParkway South, Midland, TX
Ranked #37
Among neighborhoods in Midland, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Parkway South Apartments
What is a cheap apartment in Parkway South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway South is under $1,260.
What is the price of a cheap apartment in Parkway South?
The cheapest apartment in Parkway South is Pinehurst Apartments which is listed at $975, while the average apartment in Parkway South costs $1,630.
What types of apartments are the cheapest in Parkway South?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24 regular apartments in Parkway South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkway South?
Cheap apartments in Parkway South have an average cost of $747 which is $883 cheaper than the average rent for all rentals in Parkway South.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.