Rental prices in Parkway Village, Memphis, TN have increased by 3.36% over the past year. The average rent moved from $874 to $903.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,750, while the average monthly rent in Parkway Village, Memphis, TN is $903.
The average monthly rent for an apartment in Parkway Village, Memphis, TN is around $903.
A share of 77% of apartments in Parkway Village, Memphis, TN have the cheapest rents between ≤ $1000. Around 23% of Parkway Village's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Parkway Village, Memphis, TN (77%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
The price range of a house for rent is between $1,245 and $1,610.
There are 3 house rentals available on RentCafe. Prices and availability in Parkway Village, Memphis, TN were last updated on 16 Nov 2025.
The average Parkway Village, Memphis, TN rental house size is 1,430 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.
You know it’s time for a change, and snatching your dream house might be the perfect way to start. If you’re not sure where to look, we’ll give you a tip. About 25 rental homes are located in Parkway Village, Memphis, TN, ranging in price from $749 to $2,399. Whether you’re looking for duplexes, townhouses or single family homes for rent, you’re sure to find what you need. The average rent for a Parkway Village, Memphis, TN property is about $1,444, but if you’re looking for cheap houses for rent, take a look at 1 bedroom and 2 bedroom properties, which are likely to be more affordable.
Single family homes have long been an attractive option for family oriented people. If you have a big family, 3 bedroom and 4 bedroom properties might be the right fit for you. To find the home of your dreams, don’t forget to use the filters on RentCafe, so you can be sure that you’re not wasting any time looking at properties that don’t interest you. Soon enough you will be enjoying the privacy and comfort of your new home, without any noises coming from the upstairs neighbors. Don’t forget about the added benefit of having a backyard, a safe place for your children and family pet, where you can also try your hand at gardening and, why not, grow your own organic vegetables. Don’t forget to ask your landlord for permission in writing before you make any changes to the landscape. If one of the 25 Parkway Village, Memphis, TN homes for rent is the right one for you, you can apply for a lease online right here on RentCafe.
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