Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Waterside Village, Waterview Estates, and Waterside. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of August 5, 2025, the average rent in Richmond is $1,329, which is 0.6% 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.
Waterside Village
Average Rent
$1,215/Month
TransitScore® Rating
0/100
Units Available
55 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside Village. The average rent is $1,215, compared to the city average of $1,329. Waterside Village is convenient to Houston Baptist University, Arthur Storey Park, and George Bush Intcntl/Houston. The community is car-dependent with a WalkScore® of 40.
Waterview Estates
Average Rent
$1,285/Month
TransitScore® Rating
0/100
Units Available
24 Rentals
Waterview Estates is an affordable neighborhood in Richmond with an average rent price of $1,285. Compare this to the city average of $1,329. Waterview Estates provides easy access to Waterside Marketplace, UT Health Houston, and George Bush Park. It’s a car-dependent neighborhood with a WalkScore® of 21.
Waterside
Average Rent
$1,337/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
0/100
Units Available
114 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 $1,337, while the city’s average stands at $1,329. In the last year, prices have decreased by 3.9%. Waterside is near Majestic at Harvest Green, William P Hobby, and The Art Institute of Houston.
Fieldstone
Average Rent
$1,340/Month
TransitScore® Rating
0/100
Units Available
56 Rentals
Fieldstone is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fieldstone is $1,340 while the city average is $1,329. Residents enjoy convenient access to George Bush Park, Houston Baptist University, and William P Hobby. The neighborhood is considered car-dependent with a WalkScore® of 29.
Pecan Grove
Average Rent
$1,350/Month
Year-Over-Year Rent Change
6.4%
TransitScore® Rating
0/100
Units Available
90 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Pecan Grove. The average rent is $1,350, compared to the city average of $1,329. Rent prices have increased by 6.4%. Pecan Grove is convenient to George Bush Intcntl/Houston, William P Hobby, and Plantation Plaza. The community is car-dependent with a WalkScore® of 36.
Grand Mission
Average Rent
$1,352/Month
Year-Over-Year Rent Change
5.6%
TransitScore® Rating
0/100
Units Available
156 Rentals
Grand Mission is an affordable neighborhood in Richmond with an average rent price of $1,352. Compare this to the city average of $1,329. In the past year, rent prices have decreased by 5.6%. Grand Mission provides easy access to Houston Baptist University, The Plaza at Aliana, and Arthur Storey Park. It’s a car-dependent neighborhood with a WalkScore® of 34.
Aliana
Average Rent
$1,361/Month
Year-Over-Year Rent Change
7.1%
TransitScore® Rating
0/100
Units Available
192 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 $1,361, while the city’s average stands at $1,329. In the last year, prices have decreased by 7.1%. Aliana is near Houston Baptist University, Arthur Storey Park, and William P Hobby.
Lost Creek
Average Rent
$1,385/Month
TransitScore® Rating
0/100
Units Available
50 Rentals
Lost Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lost Creek is $1,385 while the city average is $1,329. Residents enjoy convenient access to Rice University, George Bush Park, and William P Hobby. The neighborhood is considered car-dependent with a WalkScore® of 4.
West Oaks Village
Average Rent
$1,394/Month
Units Available
11 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out West Oaks Village. The average rent is $1,394, compared to the city average of $1,329. West Oaks Village is convenient to Bellaire Crossing Shopping Center, Edith L. Moore Nature Sanctuary, and The Art Institute of Houston.
Withers Ridge
Average Rent
$1,424/Month
TransitScore® Rating
0/100
Units Available
13 Rentals
Withers Ridge is an affordable neighborhood in Richmond with an average rent price of $1,424. Compare this to the city average of $1,329. Withers Ridge provides easy access to The Art Institute of Houston, Edith L. Moore Nature Sanctuary, and Arthur Storey Park. It’s a car-dependent neighborhood with a WalkScore® of 21.
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.