Cheap Apartments for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $900 (37 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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.

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Hanover Lakemont
1 to 2 Bedroom Apartments

Hanover Lakemont

7102 S Mason RdRichmond, TX 77407
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7970 Grand
1 to 2 Bedroom Apartments

7970 Grand

7970 W Grand Pky SRichmond, TX 77406
property at 7303 Pasture Ln

7303 Pasture Ln

RichmondTX77407
property at 5123 Harlem Rd

5123 Harlem Rd

RichmondTX77407

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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Ashley House
1 to 3 Bedroom Apartments

Ashley House

3903 Mason RdKaty, TX 77450

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.

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Showing Results 1-37, Page 1 of 1

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 Palms at Cinco Ranch priced from $971. 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 ListingModel NameBed/BathPriced From
Palms at Cinco RanchA11BR,1BA$971
Ashley HouseA31BR,1BA$999
Cyan Cinco Ranch ApartmentsSandstone1BR,1BA$1,001
Montage at Cinco RanchThe LenoxStudio,1BA$1,021
Deseo at Grand MissionA11BR,1BA$1,025
Hanover LakemontA80a1BR,1BA$1,070
Allora Cinco RanchA11BR,1BA$1,099
Haven at BellaireA3 (60% Income Restricted)1BR,1BA$1,100
Waterside Village1x11BR,1BA$1,100
Allora Bella Terra1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1,103

Best Value Apartments for Rent in Parkway Lakes, TX

As of November 20, 2025 the best value apartment in the Parkway Lakes area is the $1.61 price per square foot Medallion Model at Cyan Cinco Ranch Apartments in the in the Cinco SW Sterling neighborhood starting from $2,369. The second greatest value Parkway Lakes apartment is the Vanderbuilt A Model at Advenir at Grand Parkway West starting at $1,883 with a $1.44 price per square foot in the Lakemont 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.
Cyan Cinco Ranch ApartmentsMedallion3BR,2BA$1.61
Advenir at Grand Parkway WestVanderbuilt A3BR,2BA$1.44
Marquis Seven Meadows2A2BR,2BA$1.61
Palms at Cinco RanchA81BR,1BA$1.40
Echelon on 99A11BR,1BA$1.40
Grand ReserveA2.11BR,1BA$1.49
Alleia Long Meadow FarmsA1UG1BR,1BA$1.67
Deseo at Grand MissionA41BR,1BA$1.38
Grand FountainA11BR,1BA$1.63
Allora Cinco RanchA1 80-Essential Housing1BR,1BA$1.69

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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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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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 the Cheapest Studio apartment in Parkway Lakes?

Currently the most affordable Cheap Studio Apartment in Parkway Lakes is at Montage at Cinco Ranch listed at $1,021.

How much is rent for a Cheap One Bedroom Parkway Lakes Apartment?

The lowest price for a Cheap One Bedroom Parkway Lakes Apartment is $971 at Palms at Cinco Ranch.

What is the lowest price for a Cheap Two Bedroom Parkway Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parkway Lakes is starting from $1,365 at Hanover Lakemont.

What is the most affordable Parkway Lakes Three Bedroom Apartment?

The best deal on a cheap Parkway Lakes Three Bedroom Apartment rental is at Ashley House and starts from $1,659.

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.