Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Waterside, and Grand Mission. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of February 26, 2025, the average rent in Richmond is $1,346, which is 0.4% 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
$1,354/Month
Year-Over-Year Rent Change
9.3%
TransitScore® Rating
0/100
Units Available
61 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 $1,354, while the city’s average stands at $1,346. In the last year, prices have increased by 9.3%. Pecan Grove is near UT Health Houston, Houston Baptist University, and William P Hobby.
Waterside
Average Rent
$1,387/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
0/100
Units Available
104 Rentals
Waterside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterside is $1,387 while the city average is $1,346. This is a -2% difference from last year. Residents enjoy convenient access to Fannin South, George Bush Park, and Smith Lands. The neighborhood is considered car-dependent with a WalkScore® of 29.
Grand Mission
Average Rent
$1,416/Month
TransitScore® Rating
53/100
Units Available
134 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Grand Mission. The average rent is $1,416, compared to the city average of $1,346. Rent prices have decreased by 0%. Grand Mission is convenient to Smith Lands, Houston Community College, and Houston Baptist University. The community is walkable with a WalkScore® of 82.
Richmond/Rosenberg
Average Rent
$1,440/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
32/100
Units Available
339 Rentals
Richmond/Rosenberg is an affordable neighborhood in Richmond with an average rent price of $1,440. Compare this to the city average of $1,346. In the past year, rent prices have decreased by 2.4%. Richmond/Rosenberg provides easy access to Highway 36 Plaza, Houston Baptist University, and The Art Institute of Houston. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Riverpark
Average Rent
$1,446/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
0/100
Units Available
97 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 $1,446, while the city’s average stands at $1,346. In the last year, prices have decreased by 0.9%. Riverpark is near River Pointe Center, UT Health Houston, and Riverpointe Retail Center.
Aliana
Average Rent
$1,461/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
0/100
Units Available
175 Rentals
Aliana is a top choice for budget-conscious renters for a variety of reasons. The average rent in Aliana is $1,461 while the city average is $1,346. This is a 0.8% difference from last year. Residents enjoy convenient access to Houston Community College, Tmc Transit Center, and William P Hobby. The neighborhood is considered car-dependent with a WalkScore® of 30.
Greatwood
Average Rent
$1,483/Month
Units Available
100 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Greatwood. The average rent is $1,483, compared to the city average of $1,346.
Lakemont
Average Rent
$1,527/Month
TransitScore® Rating
0/100
Units Available
374 Rentals
Lakemont is an affordable neighborhood in Richmond with an average rent price of $1,527. Compare this to the city average of $1,346. In the past year, rent prices have increased by 0%. Lakemont provides easy access to The Art Institute of Houston, George Bush Intcntl/Houston, and George Bush Park. It’s a car-dependent neighborhood 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.