About This Property
Village At Parkway comprises 116 low-income units in Memphis, Tennessee, with a unit mix of 72 two-bedroom and 44 three-bedroom apartments. The property, which entered service in 2011, serves disabled residents. The community is managed and available for occupancy in Shelby County.
Waitlist Information
Waitlist managed by Memphis Housing Authority
Waiting lists are open for selected senior properties: Latham Terrace (1-2 bedroom, age 62+), Lyons Ridge (2-bedroom, age 55-61 and disabled; or age 62+), Fairway Manor (2-bedroom, age 62+), Cleaborn Senior (2-bedroom), and Legends North. Applicants must confirm continued interest every six months through the Applicant Portal.
The Housing Choice Voucher program waiting list is currently closed with approximately 15,000 applicants. Selection from the waiting list is based on lottery position. Applicants must update MHA regarding family composition and address changes, or their name will be removed.
Waitlist data provided by section8waitlist.org
Updated October 11, 2026
Property Details
Fair Market Rent - Shelby County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,031 |
| 1 Bedroom | $1,146 |
| 2 Bedroom | $1,298 |
| 3 Bedroom | $1,711 |
| 4 Bedroom | $1,995 |
Income Limits - Shelby County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,450
- Very Low (50%)
- $24,050
- Low (80%)
- $38,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,450 | $24,050 | $38,500 |
| 2 Persons | $17,420 | $27,500 | $44,000 |
| 3 Persons | $21,960 | $30,950 | $49,500 |
| 4 Persons | $26,500 | $34,350 | $54,950 |
| 5 Persons | $31,040 | $37,100 | $59,350 |
| 6 Persons | $35,580 | $39,850 | $63,750 |
| 7 Persons | $40,120 | $42,600 | $68,150 |
| 8 Persons | $44,660 | $45,350 | $72,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Memphis, TN?+
The Fair Market Rent (FMR) for Shelby County, TN is: $1031 (Studio), $1146 (1BR), $1298 (2BR), $1711 (3BR), $1995 (4BR). Actual rent at subsidized properties like Village At Parkway is typically 30% of household income or less.
What size apartments are available at Village At Parkway?+
Village At Parkway offers the following unit types: 72 Two-Bedroom, 44 Three-Bedroom units, for a total of 116 units.
How do I apply for housing at Village At Parkway?+
Village At Parkway is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Shelby County, TN?+
For a 4-person household in Shelby County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,350, Low Income (80% AMI): $54,950. These limits are set by HUD and updated annually.
Is there a waitlist for Village At Parkway?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Memphis, TN?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 2-bedroom: $1298, 3-bedroom: $1711. Actual rent at Village At Parkway may be lower for income-eligible households.
Who is eligible to live at Village At Parkway?+
Village At Parkway primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Village At Parkway?+
Village At Parkway is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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