Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Grand Mission, and Waterside. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Richmond is $1,347, which is 0.5% higher 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
$1,391/Month
Year-Over-Year Rent Change
7.9%
TransitScore® Rating
0/100
Units Available
60 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Pecan Grove might be the perfect place! It has an average rent price of $1,391, while the city’s average stands at $1,347. In the last year, prices have increased by 7.9%. Pecan Grove is near Smith Lands, Plantation Crossing, and Tmc Transit Center.
Grand Mission
Average Rent
$1,392/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
0/100
Units Available
134 Rentals
Grand Mission is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grand Mission is $1,392 while the city average is $1,347. This is a 3% difference from last year. Residents enjoy convenient access to William P Hobby, The Art Institute of Houston, and Dryden/Tmc. The neighborhood is considered car-dependent with a WalkScore® of 34.
Waterside
Average Rent
$1,398/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
0/100
Units Available
106 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside. The average rent is $1,398, compared to the city average of $1,347. Rent prices have increased by 0.1%. Waterside is convenient to Houston Community College, George Bush Park, and Houston Baptist University. The community is car-dependent with a WalkScore® of 29.
Aliana
Average Rent
$1,430/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
0/100
Units Available
167 Rentals
Aliana is an affordable neighborhood in Richmond with an average rent price of $1,430. Compare this to the city average of $1,347. In the past year, rent prices have decreased by 3.9%. Aliana provides easy access to The Art Institute of Houston, Houston Community College, and The Plaza at Aliana. It’s a car-dependent neighborhood with a WalkScore® of 29.
Riverpark
Average Rent
$1,489/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
0/100
Units Available
89 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Riverpark might be the perfect place! It has an average rent price of $1,489, while the city’s average stands at $1,347. In the last year, prices have increased by 1.1%. Riverpark is near Houston Community College, Tmc Transit Center, and Fannin South.
Greatwood
Average Rent
$1,521/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
0/100
Units Available
95 Rentals
Greatwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Greatwood is $1,521 while the city average is $1,347. This is a -3.4% difference from last year. Residents enjoy convenient access to Houston Community College, The Art Institute of Houston, and Tmc Transit Center. The neighborhood is considered car-dependent with a WalkScore® of 31.
Lakemont
Average Rent
$1,547/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
353 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lakemont. The average rent is $1,547, compared to the city average of $1,347. Rent prices have increased by 1%. Lakemont is convenient to Long Meadows Farm, Tmc Transit Center, and Houston Baptist University. The community is car-dependent with a WalkScore® of 38.
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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.