Parkway Arms Apartments
665 E Parkway S,
Memphis, TN 38104
$1,300
2 Beds
Cooper Young
Memphis, TN
Cooper Young - Memphis, TN
Area Guide
The historic Cooper-Young neighborhood in Memphis, known for its community of artists and artisans, lies just 4.5 miles from downtown Memphis. Annually, the popular Cooper-Young Festival draws hundreds of artists and craft-makers from around the country. Local shops throughout the area emphasize the artsy, handmade theme of the neighborhood. Unique dining venues feature vintage decor, such as the Beauty Shop Restaurant and Lounge which serves traditional Southern food fused with bold international flavors. Muddy's Bake Shop is a local favorite with its wide variety of pies and cupcakes. A variety of historic homes and apartments for rent blend in this neighborhood to create a tight-knit community that welcomes its new neighbors.
Rent Trends
As of January 2026, the average apartment rent in Cooper Young is $1,083 for a studio, $1,050 for one bedroom, and $1,295 for two bedrooms. Apartment rent in Cooper Young has increased by 8.1% in the past year.
-
Studio
-
550 sq ft
Average Sq Ft
-
$1,083/month
Average Rent
-
1 BR
-
675 sq ft
Average Sq Ft
-
$1,050/month
Average Rent
-
2 BR
-
925 sq ft
Average Sq Ft
-
$1,295/month
Average Rent
Transportation
84
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
33
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
71
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Children's Museum of Memphis
- Sharpe Planetarium
- Memphis Zoo
- Mississippi River Museum at Mud Island
- Memphis Botanic Garden
Commuter Rail
Military Bases
Airports
- Memphis International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.