Cheap Apartments for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $900 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkway Lakes area of Richmond.

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Granary Flats
$1,250 - $2,768
Total Monthly Price

Total Monthly Price

Base Rent
$1,182 - $2,700
Required Monthly Fees
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1 to 3 Bedroom Apartments Available Now

Granary Flats

4647 Harvest Corner DrRichmond, TX 77406
Affordability
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  • Customer Reviewed
  • Low Income
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The Waterview
Rent Specials
$1,268 - $2,119
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $2,056
Required Monthly Fees
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Waterview

19252 W Bellfort BlvdRichmond, TX 77407
Active Lifestyle
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  • Customer Reviewed
  • Utilities Included
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Palms at Cinco Ranch
Rent Specials
$1,271 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $2,249
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1 to 3 Bedroom Apartments Available Now

Palms at Cinco Ranch

23600 FM 1093Richmond, TX 77406
Furnished
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  • 3D Tour
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Mio District West
Rent Specials
$1,362 - $2,522
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $2,509
Required Monthly Fees
$13

Total Monthly Price
$1,362 - $2,522
Studio to 3 Bedroom Apartments Available Now

Mio District West

7222 S Peek RdRichmond, TX 77407
Family Friendly
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Echelon on 99
1 to 3 Bedroom Apartments

Echelon on 99

19400 W Bellfort BlvdRichmond, TX 77407
Corporate Housing

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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.

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Montage at Cinco Ranch
Rent Specials
$1,181 - $2,146
Total Monthly Price

Total Monthly Price

Base Rent
$1,121 - $2,086
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Studio to 3 Bedroom Apartments Available Now

Montage at Cinco Ranch

24333 Cinco Terrace DrKaty, TX 77494
Corporate Housing
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Ashley House
1 to 3 Bedroom Apartments

Ashley House

3903 Mason RdKaty, TX 77450

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.

Parkway Lakes, Richmond, TX Local Guide

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 Grand Fountain priced from $1,024. Hanover Lakemont has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Parkway Lakes apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Grand FountainA11BR,1BA$1,024
Hanover LakemontA80a1BR,1BA$1,025
Allora Bella Terra1 Bed, 1 Bath B (80% Income Restricted)1BR,1BA$1,030
Deseo at Grand MissionA11BR,1BA$1,039
Waterside Village1x11BR,1BA$1,070
Ashley HouseA31BR,1BA$1,099
Allora Cinco RanchA2 60-Essential Housing1BR,1BA$1,119
Marquis Grand Lakes1D1BR,1BA$1,131
Prose District WestA21BR,1BA$1,159
Alleia Long Meadow FarmsA11BR,1BA$1,165

Best Value Apartments for Rent in Parkway Lakes, TX

As of March 11, 2026 the best value apartment in the Parkway Lakes area is the $1.44 price per square foot Vanderbuilt A Model at Advenir at Grand Parkway West in the in the Lakemont neighborhood starting from $1,888. The second greatest value Parkway Lakes apartment is the 2A Model at Marquis Seven Meadows starting at $1,836 with a $1.67 price per square foot in the Cinco SW Sterling neighborhood. Here is today’s list of the best values for Parkway Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Advenir at Grand Parkway WestVanderbuilt A3BR,2BA$1.44
Marquis Seven Meadows2A2BR,2BA$1.67
Grand FountainA21BR,1BA$1.67
Echelon on 99A41BR,1BA$1.46
Ashley HouseB12BR,1BA$1.49
Cyan Cinco Ranch ApartmentsBurgundy1BR,1BA$1.62
Grand ReserveA51BR,1BA$1.65
Alleia Long Meadow FarmsA1UG1BR,1BA$1.67
Deseo at Grand MissionA21BR,1BA$1.51
Marquis Grand Lakes1B1BR,1BA$1.57

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Parkway Lakes, Richmond, TX

Ranked #1

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 the price of a cheap apartment in Parkway Lakes?

The cheapest apartment in Parkway Lakes is Grand Fountain which is listed at $1,024, while the average apartment in Parkway Lakes costs $2,900.

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 98 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 $312 which is $2,588 cheaper than the average rent for all rentals in Parkway Lakes.

Expert Rental Resources

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.

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.