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 June 18, 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.
Waterside Village
Average Rent
$1,252/Month
TransitScore® Rating
0/100
Units Available
41 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Waterside Village might be the perfect place! It has an average rent price of $1,252, while the city’s average stands at $1,328. Waterside Village is near George Bush Intcntl/Houston, William P Hobby, and Waterside Shopping Center.
Waterview Estates
Average Rent
$1,274/Month
TransitScore® Rating
0/100
Units Available
17 Rentals
Waterview Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterview Estates is $1,274 while the city average is $1,328. Residents enjoy convenient access to Waterside Marketplace, William P Hobby, and Houston Baptist University. The neighborhood is considered car-dependent with a WalkScore® of 21.
Waterside
Average Rent
$1,355/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
0/100
Units Available
115 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside. The average rent is $1,355, compared to the city average of $1,328. Rent prices have decreased by 5.1%. Waterside is convenient to Marcel Harvest Green, Houston Community College, and Arthur Storey Park. The community is car-dependent with a WalkScore® of 29.
Fieldstone
Average Rent
$1,365/Month
TransitScore® Rating
0/100
Units Available
38 Rentals
Fieldstone is an affordable neighborhood in Richmond with an average rent price of $1,365. Compare this to the city average of $1,328. Fieldstone provides easy access to George Bush Intcntl/Houston, Houston Baptist University, and Long Meadow Plaza. It’s a car-dependent neighborhood with a WalkScore® of 29.
Grand Mission
Average Rent
$1,376/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
53/100
Units Available
147 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Grand Mission might be the perfect place! It has an average rent price of $1,376, while the city’s average stands at $1,328. In the last year, prices have increased by 2%. Grand Mission is near UT Health Houston, William P Hobby, and George Bush Intcntl/Houston.
Lost Creek
Average Rent
$1,377/Month
TransitScore® Rating
0/100
Units Available
43 Rentals
Lost Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lost Creek is $1,377 while the city average is $1,328. Residents enjoy convenient access to George Bush Park, Mason Rd Center, and Shops at Parkway Lakes. The neighborhood is considered car-dependent with a WalkScore® of 4.
Aliana
Average Rent
$1,383/Month
Year-Over-Year Rent Change
8.6%
TransitScore® Rating
0/100
Units Available
185 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Aliana. The average rent is $1,383, compared to the city average of $1,328. Rent prices have decreased by 8.6%. Aliana is convenient to The Market Center at Aliana, Arthur Storey Park, and George Bush Park. The community is car-dependent with a WalkScore® of 30.
West Oaks Village
Average Rent
$1,383/Month
Units Available
10 Rentals
West Oaks Village is an affordable neighborhood in Richmond with an average rent price of $1,383. Compare this to the city average of $1,328. West Oaks Village provides easy access to William P Hobby, Houston Baptist University, and George Bush Intcntl/Houston.
Withers Ridge
Average Rent
$1,396/Month
TransitScore® Rating
0/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Withers Ridge might be the perfect place! It has an average rent price of $1,396, while the city’s average stands at $1,328. Withers Ridge is near Arthur Storey Park, 1464 Plaza, and The Art Institute of Houston.
Pecan Grove
Average Rent
$1,423/Month
Year-Over-Year Rent Change
8.2%
TransitScore® Rating
0/100
Units Available
84 Rentals
Pecan Grove is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pecan Grove is $1,423 while the city average is $1,328. This is a 8.2% difference from last year. Residents enjoy convenient access to Pecan Grove Crossing, The Art Institute of Houston, and Houston Community College. The neighborhood is considered car-dependent with a WalkScore® of 36.
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.