Cheap Apartments for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $800 (84 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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Hanover Lakemont
Rent Specials
$1,020 - $2,305
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Total Monthly Price

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$1,020 - $2,305
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1 to 2 Bedroom Apartments Available Now

Hanover Lakemont

7102 S Mason RdRichmond, TX 77407
Luxury
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Deseo at Grand Mission
Rent Specials
$1,054 - $3,781
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$1,054 - $3,781
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1 to 2 Bedroom Apartments Available Now

Deseo at Grand Mission

19002 Mission Park DrRichmond, TX 77407
Affordability
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Granary Flats
$1,167 - $2,768
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$1,167 - $2,768
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1 to 3 Bedroom Apartments Available Now

Granary Flats

4647 Harvest Corner DrRichmond, TX 77406
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The Retreat
Rent Specials
$1,170 - $2,460
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$1,170 - $2,460
Total Monthly Price
$1,170 - $2,460
1 to 3 Bedroom Apartments Available Now

The Retreat

19221 Beechnut RdRichmond, TX 77407
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The Waterview
Rent Specials
$1,234 - $1,852
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$1,234 - $1,852
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1 to 2 Bedroom Apartments Available Now

The Waterview

19525 W Bellfort StRichmond, TX 77407
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Palms at Cinco Ranch
Rent Specials
$1,251 - $2,360
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$1,251 - $2,360
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1 to 3 Bedroom Apartments Available Now

Palms at Cinco Ranch

23600 FM 1093Richmond, TX 77406
Corporate Housing
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Mio District West
Rent Specials
$1,292 - $2,512
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$1,292 - $2,512
Total Monthly Price
$1,292 - $2,512
Studio to 3 Bedroom Apartments Available Now

Mio District West

7222 S Peek RdRichmond, TX 77407
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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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property at 7418 Jacobs Well Dr

$2,045

Total Monthly Price

Total Monthly Price

Base Rent
$2,045
Total Monthly Price
$2,045

3 Bedroom, 2 Bath Rentals

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7418 Jacobs Well Dr

RichmondTX77407
property at 22111 Cassini Ct

$2,185

Total Monthly Price

Total Monthly Price

Base Rent
$2,185
Total Monthly Price
$2,185

3 Bedroom, 2 Bath Rentals

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22111 Cassini Ct

RichmondTX77407
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Echelon on 99
1 to 3 Bedroom Apartments

Echelon on 99

19400 W Bellfort BlvdRichmond, TX 77407
Corporate Housing

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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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 $802. Hanover Lakemont has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here are the most affordable Parkway Lakes apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Ashley HouseA11BR,1BA$802
Hanover LakemontA60a1BR,1BA$1,020
Advenir at Grand Parkway WestChelsea1BR,1BA$1,049
Deseo at Grand MissionA11BR,1BA$1,054
Montage at Cinco RanchThe LenoxStudio,1BA$1,054
Marquis Grand Lakes1D1BR,1BA$1,057
Alleia Long Meadow FarmsA11BR,1BA$1,076
Allora Bella Terra1 Bed, 1 Bath C (60% Income Restricted)1BR,1BA$1,085
7970 Grand1 BED / 1 BATH1BR,1BA$1,095
Waterside Village1x11BR,1BA$1,100

Best Value Apartments for Rent in Parkway Lakes, TX

As of June 26, 2026 the best value apartment in the Parkway Lakes area is the $1.48 price per square foot C2 Model at Grand Fountain in the in the Cinco SW Sterling neighborhood starting from $2,160. The second greatest value Parkway Lakes apartment is the C1 Model at Echelon on 99 starting at $2,215 with a $1.59 price per square foot in the Chelsea Harbour 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 FountainC23BR,2BA$1.48
Echelon on 99C13BR,2BA$1.59
Advenir at Grand Parkway WestVanderbuilt A3BR,2BA$1.47
Prose District WestB22BR,2BA$1.42
7970 Grand2 BED / 2 BATH2BR,2BA$1.42
Deseo at Grand MissionA51BR,1BA$1.55
Alleia Long Meadow FarmsA31BR,1BA$1.57
Cyan Cinco Ranch ApartmentsHoney1BR,1BA$1.52
Marquis Grand Lakes1B1BR,1BA$1.47
Ashley HouseA11BR,1BA$1.52

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,100.

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

The cheapest apartment in Parkway Lakes is Ashley House which is listed at $802, while the average apartment in Parkway Lakes costs $5,000.

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 11 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 $127 which is $4,873 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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