Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Grand Mission, Waterside, and Pecan Grove. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Richmond is $1,337, which is 0.6% 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.
Grand Mission
Average Rent
$1,366/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
53/100
Units Available
133 Rentals
Grand Mission is an affordable neighborhood in Richmond with an average rent price of $1,366. Compare this to the city average of $1,337. In the past year, rent prices have increased by 2.3%. Grand Mission provides easy access to Dryden/Tmc, Smith Lands, and The Art Institute of Houston. It’s a walkable neighborhood with a WalkScore® of 82.
Waterside
Average Rent
$1,386/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
0/100
Units Available
106 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Waterside might be the perfect place! It has an average rent price of $1,386, while the city’s average stands at $1,337. In the last year, prices have decreased by 1.2%. Waterside is near William P Hobby, George Bush Park, and Marcel Harvest Green.
Pecan Grove
Average Rent
$1,395/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
0/100
Units Available
64 Rentals
Pecan Grove is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pecan Grove is $1,395 while the city average is $1,337. This is a 5.8% difference from last year. Residents enjoy convenient access to George Bush Intcntl/Houston, Plantation Plaza, and William P Hobby. The neighborhood is considered car-dependent with a WalkScore® of 36.
Riverpark
Average Rent
$1,428/Month
Year-Over-Year Rent Change
5.9%
TransitScore® Rating
0/100
Units Available
87 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Riverpark. The average rent is $1,428, compared to the city average of $1,337. Rent prices have increased by 5.9%. Riverpark is convenient to Reliant Park, River Pointe Center, and The Art Institute of Houston. The community is car-dependent with a WalkScore® of 43.
Aliana
Average Rent
$1,431/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
0/100
Units Available
165 Rentals
Aliana is an affordable neighborhood in Richmond with an average rent price of $1,431. Compare this to the city average of $1,337. In the past year, rent prices have decreased by 1.8%. Aliana provides easy access to The Plaza at Aliana, Houston Baptist University, and George Bush Park. It’s a car-dependent neighborhood with a WalkScore® of 29.
Greatwood
Average Rent
$1,485/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
20/100
Units Available
102 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Greatwood might be the perfect place! It has an average rent price of $1,485, while the city’s average stands at $1,337. In the last year, prices have decreased by 6.7%. Greatwood is near Reliant Park, River Gate Center, and William P Hobby.
Lakemont
Average Rent
$1,507/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
0/100
Units Available
321 Rentals
Lakemont is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakemont is $1,507 while the city average is $1,337. This is a 1.7% difference from last year. Residents enjoy convenient access to Long Meadows Farm, Houston Baptist University, and Tmc Transit Center. The neighborhood is considered 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.