Cheap Homes for Rent in the Parkway Lakes Neighborhood of Richmond, TX from $1,300 (90 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Houston's Best Affordable Neighborhoods

Learn about Houston and the best places to live with original content written by our Houston Local Expert Lori Rosario

property at 7418 Jacobs Well Dr

$2,015

Total Monthly Price

Total Monthly Price

Base Rent
$2,015

Total Monthly Price
$2,015

3 Bedroom, 2 Bath Rentals

Available Now

7418 Jacobs Well Dr

RichmondTX77407

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 6423 Calgary Woods Ln

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

3 Bedroom, 3 Bath Condo for Rent

Available Now

property at 22111 Cassini Ct

$2,195

Total Monthly Price

Total Monthly Price

Base Rent
$2,195

Total Monthly Price
$2,195

3 Bedroom, 2 Bath Rentals

Available Now

22111 Cassini Ct

RichmondTX77407
property at 5606 Claybeck Ln

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 3 Bath Condo for Rent

Available Now

5606 Claybeck Ln

KatyTX77494

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.

property at 6451 Calgary Woods Ln

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 3 Bath Condo for Rent

Available Now

property at 5607 Stonecloud Ln

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

3 Bedroom, 3 Bath Condo for Rent

Available Now

property at 20527 Port Bishop Ln

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

3 Bedroom, 3 Bath Home for Rent

Available Now

20527 Port Bishop Ln

RichmondTX77407
property at 5318 Hickory Harvest Dr

$2,295

Total Monthly Price

Total Monthly Price

Base Rent
$2,295

Total Monthly Price
$2,295

3 Bedroom, 2 Bath Home for Rent

Available Now

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 19806 Amber Village Ln

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

4 Bedroom, 4 Bath Home for Rent

Available Now

19806 Amber Village Ln

RichmondTX77407
property at 20527 Port Bishop Ln

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

3 Bedroom, 2.5 Bath Home for Rent

Available Now

20527 Port Bishop Ln

RichmondTX77407

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.

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 Marquis Grand Lakes priced from $867. 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
Marquis Grand Lakes1A1BR,1BA$867
Ashley HouseA21BR,1BA$999
Allora Bella Terra1 Bed, 1 Bath B (80% Income Restricted)1BR,1BA$1,016
Hanover LakemontA80a1BR,1BA$1,040
Montage at Cinco RanchThe LenoxStudio,1BA$1,049
Allora District WestA11BR,1BA$1,055
Advenir at Grand Parkway WestChelsea1BR,1BA$1,099
Alleia Long Meadow FarmsA11BR,1BA$1,101
Grandea LakemontA31BR,1BA$1,104
Deseo at Grand MissionA31BR,1BA$1,105

Best Value Apartments for Rent in Parkway Lakes, TX

As of August 01, 2026 the best value apartment in the Parkway Lakes area is the $1.42 price per square foot Vanderbuilt Model at Advenir at Grand Parkway West in the in the Lakemont neighborhood starting from $1,864. The second greatest value Parkway Lakes apartment is the 3A Model at Marquis Grand Lakes starting at $1,788 with a $1.49 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 WestVanderbuilt3BR,2BA$1.42
Marquis Grand Lakes3A3BR,2BA$1.49
Grand FountainA21BR,1BA$1.48
Echelon on 99A11BR,1BA$1.42
Waterside Village1x11BR,1BA$1.54
Grand ReserveA61BR,1BA$1.54
Cyan Cinco Ranch ApartmentsHoney1BR,1BA$1.52
Grandea LakemontA31BR,1BA$1.49
Ashley HouseA21BR,1BA$1.40
Allora District WestA11BR,1BA$1.55

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Parkway Lakes, Richmond, TX

Ranked #2

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Parkway Lakes

What type of rentals are currently available in Parkway Lakes?

There are currently 40 Apartments for Rent in Parkway Lakes, TX with pricing that ranges from $907 to $3,877. There are also 235 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Lakes ranging from $1,375 to $12,500.

What is the current price range for Rental Homes in Parkway Lakes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway Lakes ranges from $1,375 to $12,500 with an average monthly rent of $2,998.

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.

Helpful Local Expert Guides

decorative image for Where to Live in the Greater Houston Area: A Local Expert's Guide to Suburbs Around H-Town article

Where to Live in the Greater Houston Area: A Local Expert's Guide to Suburbs Around H-Town

Written by: Lori Rosario

If you work in the heart of Houston and enjoy living close to multiple restaurants, bars, museums, and other entertainment opportunities, then the bustling, busy city is the place to be.

decorative image for Where to Stay in Houston: The 5 Best Neighborhoods for Short-Term Lease Options article

Where to Stay in Houston: The 5 Best Neighborhoods for Short-Term Lease Options

Written by: Lori Rosario

One of the things I love about Houston is that, no matter what you need, want, or are looking for, you can find it here. There are great career and educational opportunities.

decorative image for The Ultimate Guide to Houston Apartment Living: Neighborhoods, Culture, and Community article

The Ultimate Guide to Houston Apartment Living: Neighborhoods, Culture, and Community

Written by: Lori Rosario

Houston, the fourth most-populous city in the United States and the most populous in the south, just can't seem to stop growing and expanding. People from all over the U.S.

decorative image for Your Houston Neighborhood Guide: Find the Perfect Home Near Your Job article

Your Houston Neighborhood Guide: Find the Perfect Home Near Your Job

Written by: Lori Rosario

To say Houston is a bustling metropolitan area seems like an understatement. Everyone you turn, something is being built, be it gas stations, stores, office buildings, medical facilities, housing, or apartment complexes.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.