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.

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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.