Parkway Village

Memphis, TN

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Parkway Village - Memphis, TN

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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.

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Rent Trends

As of January 2025, the average apartment rent in Parkway Village is $753 for a studio, $722 for one bedroom, $856 for two bedrooms, and $1,033 for three bedrooms. Apartment rent in Parkway Village has decreased by -2.4% in the past year.

  • Studio

  • 418 sq ft

    Average Sq Ft

  • $753/month

    Average Rent

  • 1 BR

  • 660 sq ft

    Average Sq Ft

  • $722/month

    Average Rent

  • 2 BR

  • 923 sq ft

    Average Sq Ft

  • $856/month

    Average Rent

  • 3 BR

  • 1,339 sq ft

    Average Sq Ft

  • $1,033/month

    Average Rent

Transportation

46

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

30

Some Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

43

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.

Points of Interest

Parks and Recreation

  • Dixon Gallery and Gardens
  • Memphis Botanic Garden
  • CTI 3D Theater
  • Lichterman Nature Center
  • Pink Palace Museum

Commuter Rail

Airports

  • Memphis International

Top Apartments in Parkway Village

Houses for Rent in Parkway Village

Property Management Companies

Living in Parkway Village

History

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Most of New Getwell was established in the decades following World War II, when more and more families started to seek homes outside of the bustling city center. This neighborhood went through few changes until the 1970s, when the relocation of shipping giant FedEx (then Federal Express) to the Memphis International Airport gave birth to renewed demand for housing in New Getwell and neighboring communities.

While the neighborhood doesn't have museums or an arts scene, its Memphis location gives residents access to dozens of art galleries, including the upscale David Lusk Gallery and the Art Museum at the University of Memphis.

New Getwell residents also enjoy participating in the dozens of annual events Memphis offers, including the Memphis Music and Heritage Festival every Labor Day weekend.

Restaurants

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Many restaurants are scattered throughout the neighborhood, with Winchester Road, Lamar Avenue and Democrat Road all housing diverse culinary options.

Jack Pirtle's Chicken, a unique Memphis staple since 1957, has a location on Lamar Avenue that remains popular with New Getwell residents who count the steak sandwich and the foot-long hot dog among their favorite menu items. One of the most family-friendly eateries in town, Jack Pirtle's puts up drawings on its web site that kids can print out and color, and then take to the restaurant to redeem for a free meal.

True to its name, the Wok and Roll Chinese restaurant provides a fun, upbeat ambiance for diners to enjoy what many consider to be the best Chinese food in Memphis. Workers in the area regularly take advantage of the lunch special. The orange chicken and the beef lo mein rank among Wok and Roll's most popular menu items.

Whenever a seafood craving hits, locals head over to the Catfish Cabin. This locally-owned eatery draws diners from all over the metro area with plenty of options, including catfish fillet strips and crab cakes. Memphis natives who love a good meal at the Catfish Cabin include Lisa Marie Presley, Justin Timberlake and Harold Ford, Jr.

A 20-minute drive takes you from New Getwell to the world-famous jazz and blues scene on Beale Street in downtown Memphis. But if you prefer nightlife closer to home, you still have many options in the form of local neighborhood bars, such as AJI Sports Bar and Grill, which contains a full bar and plenty of big-screen televisions for watching the big game.

Transportation

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While the streets in New Getwell are reasonably safe for walking pets or visiting neighbors during the daytime, they don't contain bike lanes, sidewalks or exceptional lighting. Therefore residents typically avoid foot travel at night or over long distances.

Vehicles remain the primary method of transportation in and around New Getwell. The area provides plenty of free parking as well as access to I-55 and I-240. The Memphis International Airport sits adjacent to the neighborhood and makes for convenient travel across the country or the globe. For residents who prefer public transportation, MATA (Memphis Area Transportation Authority) offers bus service throughout the area.

Other options for getting around town include taking a taxi, although you can't hail a cab in New Getwell. Calling a taxi cab in advance ensures a convenient ride wherever you need to go. Uber provides its ride sharing service to area residents.

Parks

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New Getwell is served by Medal of Honor Park for outdoor fun and recreation. Free parking and admission ensure that this park remains an affordable as well as a fun place to spend a sunny afternoon with friends and family. The park is dog-friendly, so you can bring your pooch along with you for a day outdoors. While Medal of Honor Park doesn't have exercise facilities, a playground or annual events, its centerpiece is a beautiful lake, around which runs a fitness trail three-quarters of a mile long that locals use to burn calories and take in the scenery. Others prefer to use the park's abundant green space to throw Frisbees with their little ones or sit in the shade for a picnic lunch.

Cost

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New Getwell residents enjoy a low cost of living while still living close to a busy city center. Expect to pay an average of $478 for a one-bedroom apartment and about $2.75 for a beer in a local bar. Gas prices in the area usually hover at least 10 percent lower than the national average, and a bus ticket to downtown Memphis costs $1.75 for a full fare.

Shopping

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Residents of New Getwell have plenty of shopping choices. The Southland Mall is less than 10 minutes away and provides a mix of big box retail stores, discount shops and high-end boutiques, while closer to the neighborhood sits an impressive selection of locally-owned specialty shops and boutiques.

Nothing says home like an inviting kitchen, and when New Getwell residents want to update theirs, they head to Signature Kitchens for the finest appliances, cabinetry and counter tops. Another local boutique, Dreamspun Creations, carries a broad assortment of flowers along with many other gifts and knickknacks.

For eclectic, fashion-forward looks. Women in Memphis head to Main Event Boutique in the downtown area. While it might be a bit of a drive from New Getwell, locals love the great selection and trendy atmosphere of this boutique.

The Piggly Wiggly, Whole Foods and Kroger all serve local residents for large grocery shopping trips, while locally-grown fresh produce can be found at the Winchester Farmers Market about 6 miles east.

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