Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Grand Mission, and Richmond/Rosenberg. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of April 23, 2025, the average rent in Richmond is $1,324, which is 1.3% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Pecan Grove
Average Rent
$1,360/Month
Year-Over-Year Rent Change
7.4%
TransitScore® Rating
0/100
Units Available
62 Rentals
Pecan Grove is an affordable neighborhood in Richmond with an average rent price of $1,360. Compare this to the city average of $1,324. In the past year, rent prices have increased by 7.4%. Pecan Grove provides easy access to Houston Community College, Dryden/Tmc, and The Art Institute of Houston. It’s a car-dependent neighborhood with a WalkScore® of 36.
Grand Mission
Average Rent
$1,400/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
160 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Grand Mission might be the perfect place! It has an average rent price of $1,400, while the city’s average stands at $1,324. In the last year, prices have increased by 0.4%. Grand Mission is near Reliant Park, Club Creek Park and Vietnam Veterans Memorial, and The Art Institute of Houston.
Richmond/Rosenberg
Average Rent
$1,412/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
32/100
Units Available
343 Rentals
Richmond/Rosenberg is a top choice for budget-conscious renters for a variety of reasons. The average rent in Richmond/Rosenberg is $1,412 while the city average is $1,324. This is a -3.6% difference from last year. Residents enjoy convenient access to The Art Institute of Houston, Blinn College, Sealy Campus, and Houston Community College. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Waterside
Average Rent
$1,412/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
0/100
Units Available
78 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside. The average rent is $1,412, compared to the city average of $1,324. Rent prices have decreased by 3.3%. Waterside is convenient to Marcel Harvest Green, The Art Institute of Houston, and The Market at Harvest Green. The community is car-dependent with a WalkScore® of 29.
Riverpark
Average Rent
$1,433/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
0/100
Units Available
127 Rentals
Riverpark is an affordable neighborhood in Richmond with an average rent price of $1,433. Compare this to the city average of $1,324. In the past year, rent prices have decreased by 5.3%. Riverpark provides easy access to Riverpointe Retail Center, Reliant Park, and Tmc Transit Center. It’s a car-dependent neighborhood with a WalkScore® of 43.
Aliana
Average Rent
$1,434/Month
Year-Over-Year Rent Change
6.1%
TransitScore® Rating
0/100
Units Available
159 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Aliana might be the perfect place! It has an average rent price of $1,434, while the city’s average stands at $1,324. In the last year, prices have decreased by 6.1%. Aliana is near George Bush Intcntl/Houston, Tmc Transit Center, and The Art Institute of Houston.
Greatwood
Average Rent
$1,439/Month
Units Available
86 Rentals
Greatwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Greatwood is $1,439 while the city average is $1,324.
Lakemont
Average Rent
$1,511/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
0/100
Units Available
333 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lakemont. The average rent is $1,511, compared to the city average of $1,324. Rent prices have decreased by 1.7%. Lakemont is convenient to Smith Lands, Dryden/Tmc, and Grand Center at Long Meadow Farms. The community is car-dependent with a WalkScore® of 38.
Ready to make your move to Richmond? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.