Updated 2 Days Ago
Highlights
Pet Friendly
Location
156 S Parkway E, Memphis, TN 38106, USA
Tour 156 S Parkway E
Contact
Reedy & Company
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Property management
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Property Overview
Notable features include a well-located Memphis address with access to nearby city amenities and neighborhood conveniences. Pros may include its central setting, practical living potential, and appeal for buyers looking for a property in an established area.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images Available
- Outdoor space
Great for
Pet owners
Amenities for 156 S Parkway E
Features
| Air Conditioning | Carpet |
| Hardwood Floor | Tub/Shower |
| Washer/Dryer Hookups |
Community
| Carport | Cats OK |
| Dogs OK |
Grounds
| Outdoor Space | Yard |
Services
| Concierge Service | Move-in Concierge |
| Spanish Speaking Staff |
Other
| Credit Building | Filter Delivery |
| Heating: Gas | Online Maintenance Portal |
| Online Rent Payment | Renters Insurance Included |
| Resident Rewards Program |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
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About 156 S Parkway E
Discover this 2-bedroom, 1-bath home in Memphis offering practical features for comfortable living. The interior includes a mix of hardwood and carpet flooring, a tub/shower combination, window air conditioning, and gas heating. Convenience is enhanced by washer/dryer hookups, a carport, and a fenced yard — plus online rent payment, an online maintenance portal, and a move-in concierge to simplify leasing. Residents also benefit from a resident rewards program, credit-building opportunities, filter delivery, and renters insurance included. Pets are allowed.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 156 S Parkway E compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 111 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Zip code | 38106 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
2-bedroom apartments at 156 S Parkway E cost about 4% less than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Sep 12 2026.
Memphis
| Month | Median Rent |
|---|---|
| September 2024 | $1,175 |
| October 2024 | $1,125 |
| November 2024 | $1,150 |
| December 2024 | $1,146 |
| January 2025 | $1,151 |
| February 2025 | $1,111 |
| March 2025 | $1,107 |
| April 2025 | $1,106 |
| May 2025 | $1,104 |
| June 2025 | $1,095 |
| July 2025 | $1,091 |
| August 2025 | $1,096 |
| September 2025 | $1,096 |
| October 2025 | $1,073 |
| November 2025 | $1,050 |
| December 2025 | $1,026 |
| January 2026 | $1,012 |
| February 2026 | $1,014 |
| March 2026 | $999 |
| April 2026 | $991 |
| May 2026 | $977 |
| June 2026 | $984 |
| July 2026 | $962 |
| August 2026 | $965 |
| September 2026 | $972 |
Affordability calculator
Can I afford to live at 156 S Parkway E?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$37,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $37,400 annually to afford this 2-bedrooms monthly rent price of $935.
For more information on rent affordability, visit our rent calculator.
Schools near 156 S Parkway E
Riverview Middle School
241 majuba ave
memphis, TN, 38109
PK, K-8Public
C-
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
Hamilton School
1478 wilson st
memphis, TN, 38106
PK, K-8Public
C-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
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Internet available near 156 S Parkway E
Getting around Memphis near 156 S Parkway E
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 156 S Parkway E, Memphis
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
5/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
5/10
Variety of bars within a short drive
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