
Cheap Apartments for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $900 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Lakes area of Richmond.


Marquis Grand Lakes

The Waterview

Cyan Cinco Ranch Apartments

Allora Cinco Ranch

Allora Bella Terra
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Cortland Lakemont

Echelon on 99

Waterside Village

Granary Flats

Advenir at Grand Parkway West

Haven at Bellaire

Grand Fountain

Prose District West

Allora District West

Mio District West

Palms at Cinco Ranch
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Alleia Long Meadow Farms

20020 FM 1093

Ivy Point Richmond

9900 Mason Rd

5600 Berkeley Knl Cir

7115 Mason Rd

19400 W Bellfort St

5123 Harlem Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

20326 Lakemont Bend Ln

7303 Hadley Pasture Ln

Montage at Cinco Ranch

Grand Reserve

Marquis Seven Meadows

Cortland Seven Meadows

6207 Katy-Gaston Rd

5303 Mason Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

24929 Katy Ranch Rd
Parkway Lakes, Richmond, TX Local Guide

How much does it cost to rent an apartment in Parkway Lakes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkway Lakes Studio Apartments | $1,162 | $1,038 | $1,504 |
Parkway Lakes 1 Bedroom Apartments | $1,432 | $986 | $3,530 |
Parkway Lakes 2 Bedroom Apartments | $1,936 | $1,258 | $4,670 |
Parkway Lakes 3 Bedroom Apartments | $2,416 | $1,419 | $5,300 |
Parkway Lakes 4 Bedroom Apartments | $3,600 | $3,600 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 3 mile radius of the Parkway Lakes Neighborhood of Richmond, TX.
See all Apartments in RichmondExplore Richmond
Parkway Lakes, Richmond, TX Local Guide
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Cheapest Available Parkway Lakes Apartments for Rent
 The cheapest available apartment rental in the Parkway Lakes area of Houston, TX is a 1 Bed unit found at Deseo at Grand Mission priced from $986. Ashley House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Parkway Lakes apartments for rent in Houston, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Deseo at Grand Mission | Espada | 1BR,1BA | $986 |
Ashley House | A2 | 1BR,1BA | $999 |
Montage at Cinco Ranch | The Surrey | Studio,1BA | $1,043 |
Marquis Grand Lakes | 1B | 1BR,1BA | $1,108 |
Cyan Cinco Ranch Apartments | Honey | 1BR,1BA | $1,118 |
Allora Cinco Ranch | A3 60-Essential Housing | 1BR,1BA | $1,119 |
Allora Bella Terra | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $1,124 |
Cortland Lakemont | Bastrop | 1BR,1BA | $1,126 |
Echelon on 99 | A1 | 1BR,1BA | $1,151 |
Waterside Village | 1x1 | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Parkway Lakes, TX
As of July 13, 2025 the best value apartment in the Parkway Lakes area is the $1.51 price per square foot Vanderbuilt A Model at Advenir at Grand Parkway West in the in the Lakemont neighborhood starting from $1,983. The second greatest value Parkway Lakes apartment is the San Miguel Model at Deseo at Grand Mission starting at $1,840 with a $1.56 price per square foot in the Mission Sierra neighborhood. Here is today’s list of the best values for Parkway Lakes apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Advenir at Grand Parkway West | Vanderbuilt A | 3BR,2BA | $1.51 |
Deseo at Grand Mission | San Miguel | 2BR,2BA | $1.56 |
Cyan Cinco Ranch Apartments | Carmine | 2BR,2BA | $1.56 |
Ashley House | B3G | 2BR,2BA | $1.53 |
Marquis Seven Meadows | 2A | 2BR,2BA | $1.65 |
Waterstone at Cinco Ranch | B2 | 2BR,2BA | $1.58 |
The Waterview | B1 | 2BR,2BA | $1.63 |
Echelon on 99 | A1 | 1BR,1BA | $1.34 |
Grand Fountain | A1 | 1BR,1BA | $1.63 |
Marquis Grand Lakes | 1B | 1BR,1BA | $1.54 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleParkway Lakes, Richmond, TX
Ranked #1
Among neighborhoods in Richmond, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Parkway Lakes, Richmond, TX
School data provided by Great Schools
Lifestyle Ratings
This website is happy to bring you Lifestyle Ratings of rentals in cities and towns across the United States and customized analysis for Western Houston. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Parkway Lakes Apartments
What is a cheap apartment in Parkway Lakes?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway Lakes is under $1,160.
What is the price of a cheap apartment in Parkway Lakes?
The cheapest apartment in Parkway Lakes is Deseo at Grand Mission which is listed at $986, while the average apartment in Parkway Lakes costs $3,600.
What types of apartments are the cheapest in Parkway Lakes?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 42 regular apartments in Parkway Lakes that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkway Lakes?
Cheap apartments in Parkway Lakes have an average cost of $186 which is $3,414 cheaper than the average rent for all rentals in Parkway Lakes.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods in Houston, TX
Written by: Lori Rosario
Houston is a huge city, and it’s still growing, which makes it one of the most sought after places in the country to move.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.