Cheap Apartments for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $800 (29 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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7970 Grand
1 to 2 Bedroom Apartments

7970 Grand

7970 W Grand Pky SRichmond, TX 77406
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Echelon on 99
1 to 3 Bedroom Apartments

Echelon on 99

19400 W Bellfort BlvdRichmond, TX 77407
Corporate Housing

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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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.

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Showing Results 1-29, 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 Ashley House priced from $879. Montage at Cinco Ranch has the second lowest priced unit, which is a Studio apartment currently listed from $1,001. Here are the most affordable Parkway Lakes apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Ashley HouseA21BR,1BA$879
Montage at Cinco RanchThe LenoxStudio,1BA$1,001
Deseo at Grand MissionA11BR,1BA$1,050
Hanover LakemontA80a1BR,1BA$1,070
Allora Cinco RanchA1 80-Essential Housing1BR,1BA$1,095
Haven at BellaireA2 (60% Income Restricted)1BR,1BA$1,100
Marquis Grand Lakes1F1BR,1BA$1,102
Prose District WestA11BR,1BA$1,129
Allora Bella Terra1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$1,135
Waterside Village1x11BR,1BA$1,140

Best Value Apartments for Rent in Parkway Lakes, TX

As of January 11, 2026 the best value apartment in the Parkway Lakes area is the $1.62 price per square foot C1 Model at Grand Reserve in the in the Cinco SW Sterling neighborhood starting from $2,246. 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.
Grand ReserveC13BR,2BA$1.62
Advenir at Grand Parkway WestVanderbuilt A3BR,2BA$1.44
The Brodie at Cinco RanchB2L2BR,2BA$1.64
Marquis Grand Lakes3A3BR,2BA$1.48
Grand FountainA21BR,1BA$1.67
Satori at Long MeadowA2U1BR,1BA$1.67
Echelon on 99A41BR,1BA$1.46
Waterstone at Cinco RanchA1G - Attached Garage Included1BR,1BA$1.62
Deseo at Grand MissionA31BR,1BA$1.67
Prose District WestA11BR,1BA$1.62

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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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 $1,140.

What is the price of a cheap apartment in Parkway Lakes?

The cheapest apartment in Parkway Lakes is Ashley House which is listed at $879, while the average apartment in Parkway Lakes costs $2,144.

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 62 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 $283 which is $1,861 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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