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Parkway Village apartments for rent - Memphis, TN

Beds

607 Apartments

Parkway Village Apartments Options

Average Rent in Memphis, TN

Avg. RentAnnual Change
Memphis Studio - $1,186-12%
Memphis 1 Bed - $978-6%
Memphis 2 Beds - $1,097-6%

Local Guide

See what Memphis, TN has to offer.

Local Reviews

i like my neighbors because we have all been here a very long time. i also like the night lights that shire brightly at night.

family dinner and have a great time with them going out of town, dancing, singing, playing games shopping together and more

The price of the home is one of the things I like most about where I live. The location is also centrally in a good place to get around to much needed/frequented businesses. I was most attracted to this home before I knew it was a bad neighborhood by the large backyard & front porch.

On weekends off, my family of four would go back to travel, road trips, like to go to the beach, drink coffee together, walk

I like how serene and peaceful it is throughout most of the day and night. I like that it has a park, walking trail and lake In the neighborhood within walking distance.

I like that's it's a store right by me that I can get snacks when I want to or walk too. A few of my friends live over here.

Demographics

Education

High School

56%

Associate's

31%

Bachelor's

9%

Master's

4%

Doctorate

0%

Family Size

2 people

40%

3 people

26%

4 people

16%

5 people

8%

6+ people

10%

Household Income

0-50k

66%

50-100k

25%

100-150k

7%

150-200k

1%

200k+

1%

Age

0-10

18%

10-20

16%

20-45

35%

45-65

23%

65+

8%

Affordability

Percentage: 4/54/5

Renters gave this area a 4 out of 5 for affordability

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Parkway Village, Memphis, TN

In Memphis, TN, as of 2024, the average rent for apartments ranges from $978 to $1,186. Specifically, the average rent for a studio apartment in Parkway Village, Memphis, TN is $1,186. For those seeking a 1-bedroom apartments, the average rent is $978. And for a 2-bedroom apartment, renters can expect to pay an average of $1,097.

Annual Rent Change Over the Past 12 Months

Studio

-12%

Changed from $1,348 to $1,186
1 Bed

-6%

Changed from $1,040 to $978
2 Beds

-6%

Changed from $1,167 to $1,097

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in Parkway Village, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. Parkway Village, Memphis, TN housing is 17.3% less expensive than the U.S average, while utilities are about 12.6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.2% less in Parkway Village, Memphis, TN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 13.6% less here compared to the U.S. average.
Cost of Living in Parkway Village, Memphis, TNCompared to State AverageCompared to National Average
Housing
1%
17.3%
Utilities
2.6%
12.6%
Food
1.1%
0.2%
Transportation
0.6%
11%
Healthcare
1.4%
13.6%

Compare Other Cities

City1 Bed Avg RentAnnual Change
Germantown$1,554+4%
Collierville$1,488+2%
Cordova$1,486+6%
Horn Lake$1,386+4%
Lakeland$1,366-2%
Southaven$1,321+1%
Olive Branch$1,210-28%
Atoka$1,145+4%
Walls$1,0700%
Marion$1,062+6%
Robinsonville$990+4%
Memphis$978-6%
Millington$675-13%
City2 Beds Avg RentAnnual Change
Germantown$1,884+13%
Olive Branch$1,850-1%
Collierville$1,757+3%
Lakeland$1,744-11%
Cordova$1,652-2%
Arlington$1,5690%
Horn Lake$1,532+10%
Southaven$1,408-3%
Atoka$1,240+3%
Munford$1,210--
Walls$1,2050%
Marion$1,180+4%
Memphis$1,097-6%
Robinsonville$1,090+2%
Millington$1,087+40%

Compare Neighborhoods

North Parkway Village

$550

1 Bed Avg. Rent

Autumn Ridge

$717

1 Bed Avg. Rent

Southeast Memphis

$728

1 Bed Avg. Rent

What are the most affordable neighborhoods in Memphis, TN?

For renters in Memphis seeking more affordable options, the neighborhoods to watch are North Parkway Village, Autumn Ridge, and Southeast Memphis, where average rents for 1-bedroom apartments stand at $550, $717, and $728 respectively. Additional areas offering value are Colonial Willow and Raleigh, where the rents are $745 and $760, a favorable comparison to Memphis's overall 1-bedroom average of $978.

What are the most expensive neighborhoods in Memphis, TN?

In Memphis, the neighborhoods commanding the highest rents are Mud Island, Mid - Second, and East Central Shelby. A 1-bedroom apartment in Mud Island averages at $2,225, in Mid - Second it averages $1,688, and in East Central Shelby, the average is $1,631. For additional high-end living options, Gray's Creek offers 1-bedroom apartments at $1,631, and Southwind at $1,574. These rates compare to the overall average rent of $978 for a 1-bedroom apartment in Memphis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Memphis, TN?

In Memphis, the most sought-after neighborhoods for renters include Evergreen Historic District, Voillintine - Evergreen, and Midtown. In Evergreen Historic District, the average rent for a 1-bedroom apartment is $900. Voillintine - Evergreen sees average rents of $1,155 for a 1-bedroom unit. Midtown offers similar appeal with 1-bedroom apartments averaging $1,280. For those seeking other popular areas, Binghampton presents 1-bedroom apartments at $839, and Idlewild Historic District at $1,150. These prices are set against the backdrop of the city-wide average of $978 for a 1-bedroom apartment in Memphis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Memphis$1,949-4%
Southwind$1,658+18%
Medical District$1,422--
The Core$1,223-7%
Mid - Second$1,223-7%
Downtown$1,146-11%
Central Gardens$949-10%
South Main$925-24%
Idlewild Historic District$900-14%
Midtown$875-18%
Voillintine - Evergreen$875--
Hickory Hill$825-39%
Evergreen Historic District$800-18%
Uptown$7600%
Neighborhood1 Bed Avg RentAnnual Change
Mid - Second$1,688--
East Central Shelby$1,631+8%
Gray's Creek$1,631+8%
Southwind$1,574+4%
Countrywood$1,442+25%
Richwood$1,359+12%
Central Gardens$1,350+13%
Midtown$1,280+7%
High Point Terrace$1,250--
Walnut Grove$1,225--
Downtown$1,210-4%
The Core$1,210-47%
Voillintine - Evergreen$1,155--
Idlewild Historic District$1,150-8%
East Memphis$1,090+1%
Frayser$1,025+29%
South Main$1,025-14%
Uptown$932+8%
Hickory Hill$905+2%
Evergreen Historic District$900+6%
Medical District$900+44%
Fox Meadows$885+26%
North Memphis$875--
UDistrict$839-27%
Binghampton$839+5%
Normal Station$800-16%
Whitehaven$795+17%
Raleigh$760+3%
Colonial Willow$745+19%
Southeast Memphis$728+3%
Autumn Ridge$7170%
North Parkway Village$5500%
Neighborhood2 Beds Avg RentAnnual Change
Idlewild Historic District$1,950+31%
Mid - Second$1,893--
Southwind$1,812-1%
East Central Shelby$1,781+4%
Gray's Creek$1,781+4%
The Core$1,660+1%
Countrywood$1,627+14%
Richwood$1,569+4%
Voillintine - Evergreen$1,500--
Midtown$1,445-1%
South Main$1,400-32%
High Point Terrace$1,350+17%
Downtown$1,270+1%
East Memphis$1,250+32%
Bridgewater$1,250--
Walnut Grove$1,250--
Uptown$1,195+5%
Central Gardens$1,180-23%
Hickory Hill$1,055+1%
UDistrict$1,0020%
Binghampton$1,002+38%
Medical District$1,000-9%
Fox Meadows$999+4%
Annesdale Park$995-29%
Whitehaven$972+13%
Normal Station$962+21%
Frayser$960+21%
Raleigh$950+15%
Crosstown$9250%
Evergreen Historic District$895-53%
Autumn Ridge$8720%
Southeast Memphis$845+5%
Colonial Willow$845+17%
Northeast Memphis$825--
Berclair$825--
South Memphis$739+61%
North Parkway Village$665-11%
North Memphis$6250%

Transportation

Commute Time

0-15 Mins

23%

15-30 Mins

53%

30-40 Mins

18%

40-60 Mins

5%

60+ Mins

2%

Transportation Scores

Percentage: 4040

Walk Score®

Walkable

No

Say 7 of 13 renters

Has Sidewalks

Yes

Say 10 of 13 renters

Percentage: 4242

Bike Score®

Bike Friendly

No

Say 9 of 13 renters

Area Amenities

Top Score

Childcare

4.5/5 stars based on undefined reviews

What a whippersnapper! Parkway Village Memphis is crawling with childcare options.

  1. A high number of daycares per resident
  2. 98% more daycares than average
  3. 57% more daycares than areas of a similar size

Gas Stations

4.5/5 stars based on undefined reviews

You won't have to drive far to fill up around here.

  1. A high number of gas stations per resident
  2. 98% more gas stations than average
  3. 51% more gas stations than areas of a similar size

Retail Shops

3.5/5 stars based on undefined reviews

You can shop till you drop in Parkway Village Memphis.

  1. Few shops per resident
  2. 97% more shops than average
  3. 25% more shops than areas of a similar size

Amusement Parks

3.5/5 stars based on undefined reviews

No spin here - Parkway Village Memphis boasts a good number of amusement parks.

  1. Few amusement parks per resident
  2. 97% more amusement parks than average
  3. 30% more amusement parks than areas of a similar size

Grocery Stores

3/5 stars based on undefined reviews

Things are looking up, there's supermarkets to be found 'round here.

  1. Few grocery stores per resident
  2. 97% more grocery stores than average
  3. A standard number of grocery stores compared to areas of a similar size

Restaurants

3/5 stars based on undefined reviews

The restaurant scene here is really cooking with gas.

  1. Few restaurants per resident
  2. 95% more restaurants than average
  3. 45% fewer restaurants than areas of a similar size

Nightlife

3/5 stars based on undefined reviews

Happy hour starts at six around here.

  1. Few bars and clubs per resident
  2. 95% more bars and clubs than average
  3. 34% fewer bars and clubs than areas of a similar size

Medical Care

3/5 stars based on undefined reviews

More of a gem than germ, this Parkway Village Memphis is not too bad for medical care.

  1. Few medical facilities per resident
  2. 95% more medical facilities than average
  3. 26% fewer medical facilities than areas of a similar size

Parks

2.5/5 stars based on undefined reviews

There's fresh air to be had here.

  1. Few parks per resident
  2. 90% more parks than average
  3. Far fewer parks than areas of a similar size

Health and Fitness

2.5/5 stars based on undefined reviews

Cardio is hale and hardy in Parkway Village Memphis.

  1. Few gyms per resident
  2. 91% more gyms than average
  3. Far fewer gyms than areas of a similar size

Pet Services

2.5/5 stars based on undefined reviews

Who's an ok boy? Parkway Village Memphis doesn't deserve many treats.

  1. Few pet facilities per resident
  2. 89% more pet facilities than average
  3. Far fewer pet facilities than areas of a similar size

Hospitals

2.5/5 stars based on undefined reviews

Parkway Village Memphis gets the all clear for hospitals.

  1. Few hospitals per resident
  2. 93% more hospitals than average
  3. 87% fewer hospitals than areas of a similar size

Coffee

2/5 stars based on undefined reviews

The coffee scene is lukewarm in Parkway Village Memphis.

  1. Few coffee shops per resident
  2. 61% more coffee shops than average
  3. Far fewer coffee shops than areas of a similar size

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? Parkway Village Memphis has a quiet theater scene.

  1. Few theaters per resident
  2. An average number of theaters
  3. A standard number of theaters compared to areas of a similar size

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Area Features

Area Has Litter

No

Say 10 of 13 renters

Good Place To Raise A Family

Yes

Say 10 of 13 renters

Area Has Kids Play Outside

Yes

Say 9 of 13 renters

Near Grocery Stores

Yes

Say 8 of 13 renters

Area Has Potholes

No

Say 8 of 13 renters

Noise Late At Night

No

Say 7 of 13 renters

Mostly Older Buildings

No

Say 7 of 13 renters

Near Schools

Yes

Say 7 of 13 renters

Well Lit

Yes

Say 7 of 13 renters

Safe For Families

No

Say 7 of 13 renters

Busy Streets

Yes

Say 8 of 13 renters

Nearby Parks

No

Say 8 of 13 renters

Pet Friendly

No

Say 8 of 13 renters

Quiet Area

No

Say 8 of 13 renters

Maintained Yards

No

Say 8 of 13 renters

Near Highways

No

Say 9 of 13 renters

Tree Lined Streets

No

Say 9 of 13 renters

Nice Views

No

Say 10 of 13 renters

Mostly Newer Buildings

No

Say 13 of 13 renters

Near Downtown

No

Say 13 of 13 renters

Schools

Percentage: 3/53/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Parkway Village Memphis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Memphis, TN 10.9 miles$978$1,097
Southaven, MS 6.5 miles$1,321$1,408
Olive Branch, MS 7.1 miles$1,210$1,850
Cordova, TN 11.3 miles$1,486$1,652
Germantown, TN 6.8 miles$1,554$1,884
Collierville, TN 14.1 miles$1,488$1,757
Horn Lake, MS 8.9 miles$1,386$1,532
Bartlett, TN 11.8 miles------
West Memphis, AR 17.1 miles------
Millington, TN 21.1 miles$675$1,087

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Capleville 1.3 miles------