
Cheap Apartments for Rent in the Parkway South Neighborhood of Midland, TX from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway South area of Midland.


Sterling Springs Villas

501 W Louisiana Ave

West Park Apts, 50% OFF FIRST MONTH'S RENT!

3012 W Michigan Ave

3101 W Michigan 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 | $1,238 | $1,238 | $1,238 |
Parkway South 1 Bedroom Apartments | $1,417 | $950 | $1,795 |
Parkway South 2 Bedroom Apartments | $1,542 | $1,085 | $2,700 |
Parkway South 3 Bedroom Apartments | $1,616 | $1,292 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 3 mile radius of the Parkway South Neighborhood of Midland, TX.
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Parkway South, Midland, TX Local Guide
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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 Constellation Ranch priced from $980. 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 |
---|---|---|---|
Constellation Ranch | A1 | 1BR,1BA | $980 |
Sterling Springs Villas | 1 Bed, 1 bath | 1BR,1BA | $994 |
Compass Pointe | A1 | 1BR,1BA | $1,020 |
ReNew Highland Park | Bentley | 1BR,1BA | $1,050 |
ReNew Heights | Brown | 1BR,1BA | $1,115 |
Best Value Apartments for Rent in Parkway South, TX
As of March 22, 2025 the best value apartment in the Parkway South area is the $1.42 price per square foot 2 Bedroom Apartment Home Model at Signature Place in the in the Wadley Heights neighborhood starting from $1,900. 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 | $1.42 |
Windgate | 2B | 2BR,2BA | $1.23 |
Palladium Midland Apartments | C1 | 3BR,2BA | $1.08 |
The Midkiff | 2/2 All Bills Paid | 2BR,2BA | $1.15 |
ReNew Heights | Lane | 2BR,1BA | $1.66 |
ReNew Highland Park | Bentley | 1BR,1BA | $1.42 |
Scharbauer Flats | One Bedroom - A1 (Wheelchair Accessible) | 1BR,1BA | $1.56 |
Compass Pointe | A1 | 1BR,1BA | $1.40 |
Constellation Ranch | A1 | 1BR,1BA | $1.38 |
Sterling Springs Villas | 1 Bed, 1 bath | 1BR,1BA | $1.50 |
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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 $1,275.
What is the price of a cheap apartment in Parkway South?
The cheapest apartment in Parkway South is Constellation Ranch which is listed at $980, while the average apartment in Parkway South costs $1,570.
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 589 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 $715 which is $855 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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.