Azure Place Apartments
3896 Chippewa Rd,
Memphis, TN 38118
$855 - $1,460 | 1-4 Beds
Conveniently situated 10 miles southeast of downtown Memphis near the Memphis International Airport, New Getwell provides a mix of single family homes and apartments at low prices that attract a mix of young singles and families as well as retirees. Most of the neighborhood's homes are modest in square footage and sit on lots that range in size from one-eighth to one-half an acre, making them excellent starter homes. Frequent travelers enjoy living in close proximity to the airport, while downtown commuters take advantage of easy access to Interstates 55 and 240. FedEx, the largest employer in Memphis, has its hub right next to New Getwell.
As of August 2025, the average apartment rent in Parkway Village is $758 for a studio, $759 for one bedroom, $907 for two bedrooms, and $1,057 for three bedrooms. Apartment rent in Parkway Village has increased by 1.4% in the past year.
Studio
418 sq ft
Average Sq Ft
$758/month
Average Rent
1 BR
660 sq ft
Average Sq Ft
$759/month
Average Rent
2 BR
923 sq ft
Average Sq Ft
$907/month
Average Rent
3 BR
1,338 sq ft
Average Sq Ft
$1,057/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† 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 June 2025.