1. Home

3 Bedroom North Parkway Village houses for rent - Memphis, TN

3 Beds

57 Perfect Matches

Average Rent in Memphis, TN

Avg. RentAnnual Change
Memphis Studio - $1,213-7%
Memphis 1 Bed - $9900%
Memphis 2 Beds - $1,082-2%
Last updated 6/13/2024

Search by Property Type

Local Guide

See what Memphis, TN has to offer.

Local Reviews

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.

All of the food places near me so I won't have to go that far. There's parks and close to businesses and work.

Alot my friendly neighbors. and my neighborhood is very securea bout things. And will protecet and make sure we are good and that have cameras watching to protecet us

I like the communication of this community. I like going to the neighborhood stores when it feels good outside.

I love the neighborhood and neighbors. I love the bars and restaurants near. Local jack pirtles. Love the churches near by.

Demographics

Education

High School

62%

Associate's

28%

Bachelor's

7%

Master's

3%

Doctorate

0%

Family Size

2 people

34%

3 people

25%

4 people

18%

5 people

9%

6+ people

13%

Household Income

0-50k

70%

50-100k

24%

100-150k

3%

150-200k

1%

200k+

1%

Age

0-10

21%

10-20

16%

20-45

36%

45-65

20%

65+

7%

Affordability

Percentage: 4/54/5

Renters gave this area a 4 out of 5 for affordability

Last updated 6/13/2024

*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 North Parkway Village, Memphis, TN

In Memphis, TN, as of 2024, the average rent for apartments ranges from $990 to $1,213. Specifically, the average rent for a studio apartment in North Parkway Village, Memphis, TN is $1,213. For those seeking a 1-bedroom apartments, the average rent is $990. And for a 2-bedroom apartment, renters can expect to pay an average of $1,082.

Annual Rent Change Over the Past 12 Months

Studio

-7%

Changed from $1,304 to $1,213
1 Bed

0%

Changed from $990 to $990
2 Beds

-2%

Changed from $1,104 to $1,082
Last updated 6/13/2024

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in North Parkway Village, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. North 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 North 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 North 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$1,484-1%
Lakeland$1,450+8%
Cordova$1,388+21%
Horn Lake$1,386+4%
Southaven$1,321+1%
Olive Branch$1,210-27%
Atoka$1,130+4%
Walls$1,0700%
Marion$1,062+6%
Memphis$9900%
Millington$675-13%
City2 Beds Avg RentAnnual Change
Olive Branch$1,900-3%
Germantown$1,884+13%
Cordova$1,725+22%
Collierville$1,719+1%
Lakeland$1,701-13%
Arlington$1,5690%
Horn Lake$1,532+3%
Southaven$1,436-1%
Atoka$1,225+5%
Munford$1,210--
Marion$1,180+4%
Walls$1,175-2%
Millington$1,087+40%
Memphis$1,082-2%

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 $990.

What are the most expensive neighborhoods in Memphis, TN?

In Memphis, the neighborhoods commanding the highest rents are Mud Island, East Central Shelby, and Gray's Creek. A 1-bedroom apartment in Mud Island averages at $2,225, in East Central Shelby it averages $1,654, and in Gray's Creek, the average is $1,654. For additional high-end living options, Southwind offers 1-bedroom apartments at $1,624, and Countrywood at $1,545. These rates compare to the overall average rent of $990 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 High Point Terrace, Binghampton, and Normal Station. In High Point Terrace, the average rent for a 1-bedroom apartment is $1,250. Binghampton sees average rents of $839 for a 1-bedroom unit. Normal Station offers similar appeal with 1-bedroom apartments averaging $800. For those seeking other popular areas, UDistrict presents 1-bedroom apartments at $839, and Evergreen Historic District at $900. These prices are set against the backdrop of the city-wide average of $990 for a 1-bedroom apartment in Memphis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Memphis$1,859-9%
Southwind$1,554-2%
Downtown$1,260-2%
Central Gardens$1,0500%
Midtown$975-8%
Voillintine - Evergreen$975--
Parkway Village$825-50%
Hickory Hill$825-50%
Evergreen Historic District$800--
Uptown$7600%
Neighborhood1 Bed Avg RentAnnual Change
East Central Shelby$1,654-2%
Gray's Creek$1,654-2%
Southwind$1,624-2%
Countrywood$1,545+30%
Richwood$1,3090%
High Point Terrace$1,250--
Midtown$1,224-4%
Downtown$1,203-5%
Frayser$1,125+42%
Rangeline$1,125+42%
Voillintine - Evergreen$1,075--
Central Gardens$985-18%
Uptown$975+13%
Evergreen Historic District$900+1%
Hickory Hill$897+3%
Parkway Village$890+4%
North Memphis$875--
UDistrict$839-9%
Binghampton$839--
East Memphis$835-23%
Fox Meadows$830+19%
Whitehaven$819+20%
Normal Station$800-16%
Raleigh$760+3%
Colonial Willow$745+19%
Southeast Memphis$728-1%
Autumn Ridge$7170%
North Parkway Village$550-15%
Neighborhood2 Beds Avg RentAnnual Change
Southwind$1,8220%
East Central Shelby$1,741-10%
Gray's Creek$1,741-10%
Walnut Grove$1,700--
Countrywood$1,635+21%
Richwood$1,5190%
Central Gardens$1,500-2%
Midtown$1,350-8%
Voillintine - Evergreen$1,350--
Downtown$1,2600%
Bridgewater$1,250--
Uptown$1,195+5%
High Point Terrace$1,175+2%
Annesdale Park$1,095-22%
Hickory Hill$1,047+1%
Parkway Village$1,010+7%
UDistrict$1,0020%
Binghampton$1,002--
Fox Meadows$999+12%
Whitehaven$979+16%
Normal Station$975+23%
Frayser$960+21%
Rangeline$960+21%
Southeast Memphis$952+16%
Raleigh$950+15%
Northeast Memphis$895--
Evergreen Historic District$895-55%
Autumn Ridge$8720%
East Memphis$845-11%
Colonial Willow$845+17%
Berclair$825--
South Memphis$745+62%
North Parkway Village$665-11%
North Memphis$6250%

Transportation

Commute Time

0-15 Mins

20%

15-30 Mins

55%

30-40 Mins

19%

40-60 Mins

4%

60+ Mins

2%

Area Amenities

Top Score

Childcare

3/5 stars based on undefined reviews

North Parkway Village Memphis earns a gold star for childcare.

  1. A high number of daycares per resident
  2. 95% more daycares than average
  3. 64% more daycares than areas of a similar size

Gas Stations

3/5 stars based on undefined reviews

Bumper sticker city. This place is good for filling up.

  1. A high number of gas stations per resident
  2. 92% more gas stations than average
  3. 43% more gas stations than areas of a similar size

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. North Parkway Village Memphis gets an average rating.

  1. A high number of grocery stores per resident
  2. 94% more grocery stores than average
  3. 49% more grocery stores than areas of a similar size

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. Few restaurants per resident
  2. 77% more restaurants than average
  3. 19% fewer restaurants than areas of a similar size

Hospitals

2.5/5 stars based on undefined reviews

North Parkway Village Memphis gets the all clear for hospitals.

  1. A high number of hospitals per resident
  2. 93% more hospitals than average
  3. 87% more hospitals than areas of a similar size

Medical Care

2.5/5 stars based on undefined reviews

Healthcare in North Parkway Village Memphis doesn't tip the scales.

  1. Few medical facilities per resident
  2. 79% more medical facilities than average
  3. 11% fewer medical facilities than areas of a similar size

Coffee

2/5 stars based on undefined reviews

The coffee scene is lukewarm in North Parkway Village Memphis.

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

Nightlife

2/5 stars based on undefined reviews

You'll need to stock up the mini-bar. North Parkway Village Memphis is running dry.

  1. Few bars and clubs per resident
  2. 77% more bars and clubs than average
  3. 67% fewer bars and clubs than areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in North Parkway Village Memphis.

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

Retail Shops

2/5 stars based on undefined reviews

The retail inventory is low in North Parkway Village Memphis.

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

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

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

Pet Services

2/5 stars based on undefined reviews

North Parkway Village Memphis could do with more oppawtunities for pets.

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

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? North 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

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: North Parkway Village Memphis is light on amusement parks.

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

Area Features

Area Has Litter

No

Say 4 of 5 renters

Good Place To Raise A Family

Yes

Say 4 of 5 renters

Safe For Families

Yes

Say 4 of 5 renters

Area Has Kids Play Outside

Yes

Say 3 of 5 renters

Mostly Older Buildings

No

Say 3 of 5 renters

Near Grocery Stores

Yes

Say 3 of 5 renters

Nearby Parks

Yes

Say 3 of 5 renters

Near Schools

Yes

Say 3 of 5 renters

Pet Friendly

Yes

Say 3 of 5 renters

Area Has Potholes

No

Say 3 of 5 renters

Noise Late At Night

Yes

Say 3 of 5 renters

Near Highways

No

Say 3 of 5 renters

Nice Views

No

Say 3 of 5 renters

Quiet Area

No

Say 3 of 5 renters

Tree Lined Streets

No

Say 3 of 5 renters

Well Lit

No

Say 3 of 5 renters

Maintained Yards

No

Say 3 of 5 renters

Busy Streets

Yes

Say 5 of 5 renters

Mostly Newer Buildings

No

Say 5 of 5 renters

Near Downtown

No

Say 5 of 5 renters

Schools

Percentage: 4/54/5

School Score

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

Top Schools in North Parkway Village Memphis

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

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Memphis, TN 9.9 miles$990$1,082
Southaven, MS 8 miles$1,321$1,436
Olive Branch, MS 8.4 miles$1,210$1,900
Cordova, TN 9.7 miles$1,388$1,725
Bartlett, TN 9.8 miles------
Germantown, TN 5.7 miles$1,554$1,884
Horn Lake, MS 10.5 miles$1,386$1,532
Collierville, TN 13.9 miles$1,484$1,719
Millington, TN 19.1 miles$675$1,087
West Memphis, AR 16.6 miles------

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
North Parkway Village$550$665
Colonial Willow 1.5 miles$745$845
Fox Meadows 1.8 miles$830$999