21 Hours Ago
Highlights
Pet Friendly
Location
2342 Parkway Pl, Memphis, TN 38112, USA|Binghampton-Lester
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Property Overview
Parkway Place Apartments receives an impressive overall rating of 9 out of 10 from Zumper, highlighting its great value and strong competitive pricing, paired with excellent amenities. The location offers residents convenient access to key amenities and transport options, further enhancing the living experience. Additional benefits include pet-friendly features and a high level of transparency, demonstrated through thoughtful property descriptions and ample visual representations, cementing its appeal as a standout choice for potential renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Dishwasher
Great for
Pet owners
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 600 sqft | $850 /mo | 1 unit available | LIMITED-TIME MOVE-IN SPECIAL — ½ OFF FIRST MONTH! Secure your new home TODAY before it’s gone! Welcome to Parkway Place Apartments — where comfort, style, and convenience come together in one of Memphis’s most desirable locations. Imagine coming home to a space that has everything already done for you: What You’ll Love: • Modern stainless-steel appliances — clean, sleek, and ready to use • Washer & dryer IN UNIT — no laundromats, no hassle • Beautiful hardwood floors — easy to maintain, elegant look • Central heat & air — perfect comfort all year • Ceiling fans in every room — stay cool and save on energy • Security system included — added peace of mind Location That Works for You Minutes from Memphis’s best food, shopping, and entertainment—everything you need is right at your doorstep. Why act now? Apartments like this DO NOT stay available—especially with a ½ OFF first month special. Once it’s gone, it’s gone. Perfect for: • Professionals • Students • Anyone looking for a clean, modern, move-in ready space This unit is in HIGH demand — don’t wait! Call or text NOW to schedule your showing: • Agent: 901-281-4441 • Office: 901-272-8658 Browse more options: www kismetproperties com |
Let's explore this property.
Amenities for PARKWAY PLACE APARTMENTS
Apartment Amenities
| Air Conditioning | Water Included |
Appliances
| Central Air & Heat | Dishwasher |
| In-Unit Laundry | Microwave |
| Range | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Building
| Cats OK | Dogs OK |
Grounds
| Stove and Refrigerator |
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?
Building details
Property details
| Units | 32 |
|---|
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About PARKWAY PLACE APARTMENTS
Welcome to Parkway Place Apartments, located in the vibrant city of Memphis, TN. Our one-bedroom, one-bathroom apartments offer a modern and comfortable living experience. Step into your new home and be greeted by sleek stainless steel appliances, perfect for preparing delicious meals. Feel secure and at ease with the included security system, providing peace of mind. Stay cool in the summer and cozy in the winter with central air/heat, ensuring your comfort all year round. Enjoy the convenience of having a washer/dryer in unit, saving you time and effort. The beautiful hardwood floors add a touch of elegance to your living space, creating a warm and inviting atmosphere. With ceiling fans in every room, you can easily adjust the airflow to your liking. At Parkway Place Apartments, we strive to provide you with the amenities you need for a comfortable and convenient lifestyle. Explore all that Memphis has to offer, from its rich history to its vibrant music scene. With our prime location, you'll have easy access to dining, shopping, and entertainment options. Come and experience the perfect blend of modern living and Southern charm at Parkway Place Apartments. This is a must see unit!! It will not last long!! Cntact our agent at 901-281-4441 or our offices at 901-272-8658 to schedule a showing. Please take a look at www kismetproperties com for additional properties.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.0
/10
ExcellentPARKWAY PLACE APARTMENTS is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
PARKWAY PLACE APARTMENTS offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
PARKWAY PLACE APARTMENTS stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
PARKWAY PLACE APARTMENTS is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust PARKWAY PLACE APARTMENTS to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
PARKWAY PLACE APARTMENTS is great for:
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 PARKWAY PLACE APARTMENTS compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Dishwasher
- Dishwasher available in kitchen
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Binghampton-Lester
studio apartments at PARKWAY PLACE APARTMENTS cost about 20% less than the average rent price for studio apartments in Binghampton-Lester.
Median rents as of Apr 11 2026.
Binghampton-Lester
Memphis
| Month | Median Rent |
|---|---|
| April 2024 | $755 |
| May 2024 | $769 |
| June 2024 | $765 |
| July 2024 | $885 |
| August 2024 | $1,110 |
| September 2024 | $1,155 |
| October 2024 | $1,160 |
| November 2024 | $1,148 |
| December 2024 | $1,172 |
| January 2025 | $1,220 |
| February 2025 | $1,211 |
| March 2025 | $1,196 |
| April 2025 | $1,217 |
| May 2025 | $1,225 |
| June 2025 | $1,210 |
| July 2025 | $1,195 |
| August 2025 | $1,194 |
| September 2025 | $1,158 |
| October 2025 | $1,159 |
| November 2025 | $1,183 |
| December 2025 | $904 |
| January 2026 | $858 |
| February 2026 | $1,202 |
| March 2026 | $1,203 |
| April 2026 | $1,193 |
| Month | Median Rent |
|---|---|
| April 2024 | $1,134 |
| May 2024 | $1,134 |
| June 2024 | $1,134 |
| July 2024 | $1,118 |
| August 2024 | $1,150 |
| September 2024 | $1,177 |
| October 2024 | $1,193 |
| November 2024 | $1,172 |
| December 2024 | $1,169 |
| January 2025 | $1,187 |
| February 2025 | $1,193 |
| March 2025 | $1,145 |
| April 2025 | $1,113 |
| May 2025 | $1,065 |
| June 2025 | $1,178 |
| July 2025 | $1,162 |
| August 2025 | $1,061 |
Affordability calculator
Can I afford to live at 2342 Parkway Pl?
Bedrooms
StudioRent-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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this studio monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near PARKWAY PLACE APARTMENTS
Brewster Elementary School
2605 sam cooper blvd
memphis, TN, 38112
PK, K-5Public
C
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Hamilton School
1478 wilson st
memphis, TN, 38106
PK, K-8Public
C-
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Internet available near PARKWAY PLACE APARTMENTS
Getting around Memphis near 2342 Parkway Pl
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 2342 Parkway Pl, Memphis
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
9/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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