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Parkway Village, Memphis, TN
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Parkway Village Neighborhood Guide Memphis, TN

About

Parkway Village is a diverse neighborhood located in southeast Memphis, Tennessee. This urban-suburban mix neighborhood is bordered by the Lamar Avenue to the North, with the Winchester Road running through the heart of it. With a moderate cost of living, Parkway Village features many community parks, shopping centers, and is in close proximity to the Memphis International Airport.

What You Will Love about Parkway Village, Memphis, Tennessee

  • The neighborhood boasts a rich cultural diversity that adds dynamic and vibrant energy to the community.
  • Parkway Village encompasses several community parks, perfect for outdoor recreation and family activities.
  • The area is close to several shopping centers and restaurants, presenting a variety of options for local shopping and dining.

What’s Nearby

Parkway Village is located just a short drive away from Downtown Memphis, making it convenient for residents to explore the city’s rich blues history and vibrant culinary scene. The neighborhood also enjoys proximity to the Memphis International Airport, a major transportation hub.

The Rental Market

The Parkway Village rental market is moderately priced with the average rent for a 1-bedroom apartment listed at $885. The minimum average price over the past year was $798, while the maximum average price reached up to $890. The rental prices show very little variation with a standard deviation of just $26.83.

Rental Price Stability

The rental rates in Parkway Village have shown considerable stability over the past year. The minor fluctuation in prices, as indicated by a low standard deviation of $26.83, suggests a stable rental market in the neighborhood.

Lifestyle

Parkway Village offers a relaxed, homey atmosphere while still being close to the hustle and bustle of Downtown Memphis. The neighborhood is known for its rich cultural diversity, community events, and recreational parks, offering a balanced lifestyle for its residents. The variety of local shopping centers and restaurants in the area also provides an urban feel.

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See best properties in this area

520 Properties Available for Rent

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Rental Trends in Parkway Village

Studio1 Bed2 Beds
Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024Jul 2024Aug 2024Sep 2024
$825$825$825$825$825$825$825$825$825$825$825$825$825
$887$887$885$897$890$887$887$895$897$897$885$885$885
$987$989$985$1004$990$985$965$1010$1020$1012$1004$1004$1004
$899$899$899$899$899$899$900$958$958$958$958$958$913
Last updated 9/12/2024
520 Properties Available for Rent

Explore the Neighborhood

There are 294 restaurants, 95 grocery stores, and 20 parks within a mile of the Parkway Village neighborhood.

  • GROCERY
    Memphis Ice Machine Co

    Retail, Food and Beverage Retail, Grocery Store / Supermarket

    •

    0.2 miles

    4130 Delp St

  • GROCERY
    La Michoacana Wholesale

    Retail, Food and Beverage Retail, Grocery Store

    •

    0.4 miles

    4028 Senator St

  • SHOPPING
    Detail Distribution

    Retail, Warehouse or Wholesale Store

    •

    0.4 miles

    4000 Senator St

  • GROCERY
    Sysco Memphis

    Retail, Food and Beverage Retail, Grocery Store, Health Food Store

    •

    0.5 miles

    4359 Bf Goodrich Blvd

  • GROCERY
    Hardin'S-Sysco Food Service

    Retail, Food and Beverage Retail, Grocery Store

    •

    0.5 miles

    4359 Bf Goodrich Blvd

  • SHOPPING
    Alloy Products

    Retail, Warehouse or Wholesale Store

    •

    0.7 miles

    4068 Hatcher Cir

Parkway Village Apartments and Rentals

520 Rental properties in Parkway Village, Memphis, TN.

  • The District property

    $101+

    The District

    1–2 Beds • 1–2 Baths

    521–1036 Sqft

    10+ Units Available

  • Cedar Run property

    $815+

    Cedar Run

    1–3 Beds • 1–2 Baths

    700–1100 Sqft

    10+ Units Available

  • Edge at Lakeview property

    $890+

    Edge at Lakeview

    1–3 Beds • 1–2 Baths

    603–1525 Sqft

    9 Units Available

  • The Crossings at Fox Meadows property

    $885+

    The Crossings at Fox Meadows

    1–3 Beds • 1–2 Baths

    835–1200 Sqft

    2 Units Available

  • Faronia Square Townhomes property

    $900+

    Faronia Square Townhomes

    2–3 Beds • 1.5–2.5 Baths

    1194–1463 Sqft

    Available 9/14

  • Mill Creek Apartments property

    $666+

    Mill Creek Apartments

    1–2 Beds • 1–2 Baths

    685–1055 Sqft

    10+ Units Available

520 Properties Available for Rent

Cost of Living

basic bar chart art
CategoryCompare to State Avg.Compare to National Avg.
housing
3.5%
15.5%
utilities
9.4%
15.6%
food
0.6%
0.3%
transportation
0.6%
10.8%
healthcare
2.6%
13.8%

Parkway Village Demographics

people in their homes

Parkway Village Reviews

people smiling

  • 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

520 Properties Available for Rent

Parkway Village Transportation

walk bike and transit

Car-Dependent

38/100
Walk Score®
The Walk Score© measures walkability on a scale of 0-100 based on walking routes to destinations such as dining and drinking, groceries, and shopping.

Somewhat Bikeable

38/100
Bike Score®

Some Transit

28/100
1 bus stop, 3 train stops

Bnsf Railway Co.

Train Stop

3645 Homewood Rd

BNSF Railway

Train Stop

4814 Lamar Ave

Burlington Northern Santa Fe

Train Stop

5124 E Shelby Dr

Source: foursquare.com

Parkway Village Schools

520 Properties Available for Rent