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.

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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

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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 Ashley House priced from $999. Montage at Cinco Ranch has the second lowest priced unit, which is a Studio apartment currently listed from $1,021. Here are the most affordable Parkway Lakes apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Ashley HouseA31BR,1BA$999
Montage at Cinco RanchThe LenoxStudio,1BA$1,021
Deseo at Grand MissionA11BR,1BA$1,025
Cyan Cinco Ranch ApartmentsSandstone1BR,1BA$1,038
Palms at Cinco RanchA51BR,1BA$1,041
Echelon on 99A11BR,1BA$1,071
Waterside Village1x11BR,1BA$1,085
Hanover LakemontA80a1BR,1BA$1,092
Haven at BellaireA3 (60% Income Restricted)1BR,1BA$1,100
Allora Cinco RanchA1 60-Essential Housing1BR,1BA$1,119

Best Value Apartments for Rent in Parkway Lakes, TX

As of November 16, 2025 the best value apartment in the Parkway Lakes area is the $1.42 price per square foot D2 Model at Palms at Cinco Ranch in the in the Firethorne neighborhood starting from $2,123. 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.
Palms at Cinco RanchD23BR,2BA$1.42
Advenir at Grand Parkway WestVanderbuilt A3BR,2BA$1.44
Cyan Cinco Ranch ApartmentsRust2BR,2BA$1.67
Marquis Seven Meadows2A2BR,2BA$1.62
Ashley HouseB22BR,2BA$1.34
Echelon on 99A21BR,1BA$1.40
Grand ReserveA51BR,1BA$1.53
Alleia Long Meadow FarmsA1UG1BR,1BA$1.70
Deseo at Grand MissionA41BR,1BA$1.38
Grand FountainA11BR,1BA$1.63

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 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 $1,119.

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

The cheapest apartment in Parkway Lakes is Ashley House which is listed at $999, while the average apartment in Parkway Lakes costs $2,575.

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 60 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 $276 which is $2,299 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.

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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.