Rental prices in Parkway Village, Memphis, TN have increased by 1.39% over the past year. The average rent moved from $886 to $899.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,740, while the average monthly rent in Parkway Village, Memphis, TN is $899.
The average monthly rent for an apartment in Parkway Village, Memphis, TN is around $899.
A share of 89% of apartments in Parkway Village, Memphis, TN have the cheapest rents between ≤ $1000. Around 10% 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 13 Apr 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 29,791 residents, 16,112 women and 13,679 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 10,113 households in Parkway Village, Memphis, TN. Of these, 4,063 have children and 6,050 are without children. Per Census Bureau’s most current estimates, 6,935 family households and 3,178 non-family households live in this area. The size of a household in Parkway Village is 2.88 people, on average. The median household annual income in Parkway Village equals $52,132, and the monthly housing costs equal $1,231.
According to data from the U.S. Census Bureau, 7% of the population in Parkway Village, Memphis, TN have no high school education, 48% went to high-school, and 24% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 9% hold a Bachelor Degree, and 4% hold a Graduate Degree.
Chances are that you are here right now because you cannot wait to have your own garage for your metallic grey Daisy, your own inviting backyard, or your own flower garden. The good news is that there are 25 homes for rent in Parkway Village, Memphis, TN right now for you to choose from. With rent prices as low as $1,175 up to $2,670, loads of rental homes are waiting for the right tenant. Just in case you’re searching for cheap houses for rent, some of the best affordable homes are now at your fingertips. Depending on your location preference, you can opt either for serene areas, further away from the city, or for the liveliest area in town. It is up to you to decide which one of the houses listed in Parkway Village, Memphis, TN meets your standards: duplexes, townhomes, 1 bedroom or 2 bedroom homes or some larger rentals.
As important as a good education is for your children, we know that you’d rather not drive your kids to school for one hour every morning. It is hard for any child to wake up early in the morning, and most probably your school-aged children are no exception. That is why we want to help you find a home near one of the best-rated schools in Parkway Village, Memphis, TN. 3 bedroom and 4 bedroom houses are waiting for you, with a total number of 25 single family homes for rent right now. Since there is a very high demand for homes in such areas, make sure that once you find a house that qualifies to become your future home, apply while it’s still available.
