Zumper
modified
Updated 4 Days Ago

Highlights

  • Pet Friendly
  • Central heat & air
  • Washer & dryer in unit
  • Modern stainless-steel appliances
  • Beautiful hardwood floors
  • Ceiling fans in every room
  • Professionals

Location

2342 Parkway Pl, Memphis, TN 38112, USA|Binghampton-Lester
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Contact

Management

Kismet Property Management, LLC

Leasing office

(901) 281-4441

Property Overview

Parkway Place Apartments earns a strong overall impression with a 9 out of 10 rating, supported by excellent price, amenities, and location scores, along with solid quality and trustworthiness marks. It stands out for central heat and air, in-unit washer and dryer, stainless-steel appliances, hardwood floors, and ceiling fans in every room, while 10 photos and nearby pet amenities add extra appeal.

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.

Zumper Expert Rating

9.0
Excellent
PARKWAY 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.

Things you’ll love

  • Less expensive
  • More space
  • Dishwasher

Great for

  • Pet owners

Floor plans

StudioStudio1 bath600 sqft$850 /mo1 unit availableLIMITED-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
1 Bedroom 1 Bath1 bed1 bath650 sqft$910 /mo1 unit availableLIMITED-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 www kismetproperties com Discover a higher standard of living—schedule your tour today.

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Amenities for PARKWAY PLACE APARTMENTS

Apartment Amenities

Air ConditioningGranite Countertops
Hardwood FloorNewly Renovated

Appliances

Central Air & HeatDishwasher
In-Unit LaundryStack Washer/Dryer
Stove and Fridge

Building

Cats OKDogs OK
Gated Parking

Grounds

Gated EntryStove 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

Units32
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About PARKWAY PLACE APARTMENTS

HomeApartments in MemphisBinghampton-Lester 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
Excellent
PARKWAY 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.
How we rated PARKWAY PLACE APARTMENTS
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:

Pet owners

  • 1 dog park within 1 mile
  • 1 pet supply store near the property

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
Studio units are cheaper than other similar listings nearby
More space
Studio is 188 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Binghampton-Lester

Studio apartments at PARKWAY PLACE APARTMENTS cost about 22% less than the average rent price for studios in Binghampton-Lester.

1-bedroom apartments here are priced 23% higher than 1-bedrooms in Binghampton-Lester.

Median rents as of Aug 29 2026.
Binghampton-Lester
Memphis
A table of studio rental data trends in Memphis
MonthMedian Rent
September 2024$1,167
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
May 2026$1,187
June 2026$1,204
July 2026$1,185
August 2026$1,116
A table of studio rental data trends in Binghampton-Lester
MonthMedian Rent
September 2024$1,193
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
May 2026$1,101

Affordability calculator

Can I afford to live at 2342 Parkway Pl?

Bedrooms

Rent-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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