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 March 30, 2025, the average rent in Richmond is $1,334, which is 0.5% 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.

Grand Mission

Average Rent

$1,384/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

53/100

Units Available

132 Rentals

Grand Mission is an affordable neighborhood in Richmond with an average rent price of $1,384. Compare this to the city average of $1,334. In the past year, rent prices have increased by 1.1%. Grand Mission provides easy access to William P Hobby, George Bush Intcntl/Houston, and Houston Community College. It’s a walkable neighborhood with a WalkScore® of 82.

Waterside

Average Rent

$1,415/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

0/100

Units Available

79 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 $1,415, while the city’s average stands at $1,334. In the last year, prices have decreased by 2.1%. Waterside is near Smith Lands, Reliant Park, and Fannin South.

Pecan Grove

Average Rent

$1,418/Month

Year-Over-Year Rent Change

10.3%

TransitScore® Rating

0/100

Units Available

47 Rentals

Pecan Grove is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pecan Grove is $1,418 while the city average is $1,334. This is a 10.3% difference from last year. Residents enjoy convenient access to Fannin South, Houston Baptist University, and Plantation Crossing. The neighborhood is considered car-dependent with a WalkScore® of 36.

Riverpark

Average Rent

$1,431/Month

Year-Over-Year Rent Change

4.9%

TransitScore® Rating

0/100

Units Available

100 Rentals

When you’re looking for a great Richmond neighborhood on a budget, check out Riverpark. The average rent is $1,431, compared to the city average of $1,334. Rent prices have decreased by 4.9%. Riverpark is convenient to Houston Baptist University, William P Hobby, and Tmc Transit Center. The community is car-dependent with a WalkScore® of 43.

Aliana

Average Rent

$1,453/Month

Year-Over-Year Rent Change

2.3%

TransitScore® Rating

0/100

Units Available

156 Rentals

Aliana is an affordable neighborhood in Richmond with an average rent price of $1,453. Compare this to the city average of $1,334. In the past year, rent prices have decreased by 2.3%. Aliana provides easy access to The Art Institute of Houston, Smith Lands, and William P Hobby. It’s a car-dependent neighborhood with a WalkScore® of 30.

Richmond/Rosenberg

Average Rent

$1,464/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

0/100

Units Available

335 Rentals

If you’re looking for a great, affordable neighborhood in Richmond, Richmond/Rosenberg might be the perfect place! It has an average rent price of $1,464, while the city’s average stands at $1,334. In the last year, prices have increased by 0.6%. Richmond/Rosenberg is near Houston Community College, Dryden/Tmc, and Smith Lands.

Greatwood

Average Rent

$1,490/Month

Units Available

95 Rentals

Greatwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Greatwood is $1,490 while the city average is $1,334.

Lakemont

Average Rent

$1,548/Month

Year-Over-Year Rent Change

1.5%

TransitScore® Rating

0/100

Units Available

324 Rentals

When you’re looking for a great Richmond neighborhood on a budget, check out Lakemont. The average rent is $1,548, compared to the city average of $1,334. Rent prices have decreased by 1.5%. Lakemont is convenient to Reliant Park, Tmc Transit Center, and George Bush Intcntl/Houston. 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.