Rental prices in Parkway Village, Memphis, TN have increased by 1.25% over the past year. The average rent moved from $880 to $891.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,741, while the average monthly rent in Parkway Village, Memphis, TN is $891.
The average monthly rent for an apartment in Parkway Village, Memphis, TN is around $891.
A share of 89% of apartments in Parkway Village, Memphis, TN have the cheapest rents between ≤ $1000. Around 11% of Parkway Village's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Parkway Village, Memphis, TN (89%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
There are 6 house rentals available on RentCafe. Prices and availability in Parkway Village, Memphis, TN were last updated on 28 Feb 2026.
The average Parkway Village, Memphis, TN rental house size is 1,173 sq. ft.
Renting a house in Parkway Village, Memphis, TN comes with more space, both indoor and outdoor.
Houses for rent in Parkway Village, Memphis, TN are usually located in non-central areas.
In total, Parkway Village, Memphis, TN has 29,751 residents, 15,951 women and 13,800 men, per U.S. Census recent estimates. Statistics show that the median age of Parkway Village’s population is 30.
There is a total of 10,067 households in Parkway Village, Memphis, TN. Of these, 3,977 have children and 6,091 are without children. Per Census Bureau’s most current estimates, 6,880 family households and 3,188 non-family households live in this area. The size of a household in Parkway Village is 1.96 people, on average. The median household annual income in Parkway Village equals $53,257, and the monthly housing costs equal $1,144.
According to data from the U.S. Census Bureau, 7% of the population in Parkway Village, Memphis, TN have no high school education, 49% went to high-school, and 25% have partially completed college. Moreover, 6% of the population hold an Associate Degree, 8% hold a Bachelor Degree, and 4% hold a Graduate Degree.
Regardless of the type of house you are going to rent, location is important. We have 25 properties listed in Parkway Village, Memphis, TN to choose from, with prices ranging from $1,175 to $2,670. That can be quite a lot to choose from. If you’re on a tight budget and are looking for cheap houses for rent, make your life easier and set up a maximum price filter in the top menu. You may be renting on a budget and 1 bedroom duplexes will do just fine or you may be able to spend a bit more and are looking at 4 bedroom single family homes for rent. Either way, choose wisely. Don’t fall for the impeccable lawn or a pool. Although these things are nice to have they aren’t worth a penny if you’re not able to enjoy them because of loud neighbors or a lack of time. Speaking of lack of time…
There are 24 properties in Parkway Village, Memphis, TN listed for rent right now with prices ranging from $1,175 to $2,670. But if you have children there’s so much more to consider. A resource we all seem to lack: time. Avoiding a nightmare commute may be more important than deciding between a 2 bedroom or a 3 bedroom house. Although you could spend several hours in the car with your children and count it as family time, it’d be much nicer to spend this time around the dinner table. When you’re browsing through our rental homes, keep in mind the dreaded morning kindergarten-school-office Bermuda Triangle that is swallowing precious time out of your life. Draw a radius or a polygon around the school or the kindergarten you’ve chosen in Parkway Village, Memphis, TN and explore all the homes for rent located close by. Finding a house close to your kids’ school will drastically cut down your commute time. It will also help you see other things in your life more clearly, generally speaking. After all, choosing from 24 houses can be complicated and you’ve managed just fine.
