Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Riverpark, Grand Mission, and Pecan Grove. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of May 4, 2025, the average rent in Richmond is $1,328, which is 1% 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.
Riverpark
Average Rent
$1,410/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
0/100
Units Available
118 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 $1,410, while the city’s average stands at $1,328. In the last year, prices have decreased by 6.7%. Riverpark is near Aria Square, UT Health Houston, and The Art Institute of Houston.
Grand Mission
Average Rent
$1,412/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
53/100
Units Available
164 Rentals
Grand Mission is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grand Mission is $1,412 while the city average is $1,328. This is a 2.1% difference from last year. Residents enjoy convenient access to Houston Community College, Grand Mission Retail Center, and NWC of FM-1464 & Beechnut Road. The neighborhood is considered walkable with a WalkScore® of 82.
Pecan Grove
Average Rent
$1,423/Month
Year-Over-Year Rent Change
7.2%
TransitScore® Rating
0/100
Units Available
52 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Pecan Grove. The average rent is $1,423, compared to the city average of $1,328. Rent prices have increased by 7.2%. Pecan Grove is convenient to George Bush Park, Pecan Grove Crossing, and Plantation Plaza. The community is car-dependent with a WalkScore® of 36.
Greatwood
Average Rent
$1,425/Month
Units Available
80 Rentals
Greatwood is an affordable neighborhood in Richmond with an average rent price of $1,425. Compare this to the city average of $1,328.
Waterside
Average Rent
$1,433/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
0/100
Units Available
75 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 $1,433, while the city’s average stands at $1,328. In the last year, prices have decreased by 2.6%. Waterside is near Houston Baptist University, The Market at Harvest Green, and Arthur Storey Park.
Aliana
Average Rent
$1,437/Month
Year-Over-Year Rent Change
6%
TransitScore® Rating
0/100
Units Available
155 Rentals
Aliana is a top choice for budget-conscious renters for a variety of reasons. The average rent in Aliana is $1,437 while the city average is $1,328. This is a -6% difference from last year. Residents enjoy convenient access to UT Health Houston, Club Creek Park and Vietnam Veterans Memorial, and George Bush Intcntl/Houston. The neighborhood is considered car-dependent with a WalkScore® of 30.
Richmond/Rosenberg
Average Rent
$1,439/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
32/100
Units Available
342 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Richmond/Rosenberg. The average rent is $1,439, compared to the city average of $1,328. Rent prices have decreased by 2%. Richmond/Rosenberg is convenient to Blinn College, Sealy Campus, Highway 36 Plaza, and Center @ Rosenberg. The community is somewhat walkable with a WalkScore® of 60.
Lakemont
Average Rent
$1,530/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
0/100
Units Available
331 Rentals
Lakemont is an affordable neighborhood in Richmond with an average rent price of $1,530. Compare this to the city average of $1,328. In the past year, rent prices have decreased by 0.9%. Lakemont provides easy access to Shops at Long Meadow Farms, The Art Institute of Houston, and William P Hobby. 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.