Cheapest Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Waterside, and Lakemont. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of June 22, 2026, the average rent in Richmond is $1,290, which is 3.8% 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.
Pecan Grove
Average Rent
$1,197/Month
Year-Over-Year Rent Change
5.5%
Units Available
88 Rentals
Pecan Grove is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pecan Grove is $1,197 while the city average is $1,290. This is a -5.5% difference from last year. Residents enjoy convenient access to Plantation Crossing, George Bush Park, and William P Hobby.
Waterside
Average Rent
$1,337/Month
Year-Over-Year Rent Change
0.5%
Units Available
110 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside. The average rent is $1,337, compared to the city average of $1,290. Rent prices have decreased by 0.5%. Waterside is convenient to Majestic at Harvest Green, Arthur Storey Park, and Houston Community College.
Lakemont
Average Rent
$1,350/Month
Year-Over-Year Rent Change
6%
Units Available
370 Rentals
Lakemont is an affordable neighborhood in Richmond with an average rent price of $1,350. Compare this to the city average of $1,290. In the past year, rent prices have decreased by 6%. Lakemont provides easy access to George Bush Park, George Bush Intcntl/Houston, and 7770 W Grand Pky.
Richmond/Rosenberg
Average Rent
$1,393/Month
Year-Over-Year Rent Change
2.3%
Units Available
369 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 $1,393, while the city’s average stands at $1,290. In the last year, prices have decreased by 2.3%. Richmond/Rosenberg is near Highway 36 Plaza, William P Hobby, and Midtown Shopping Center.
Grand Mission
Average Rent
$1,396/Month
Year-Over-Year Rent Change
3.7%
Units Available
252 Rentals
Grand Mission is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grand Mission is $1,396 while the city average is $1,290. This is a 3.7% difference from last year. Residents enjoy convenient access to Houston Baptist University, George Bush Intcntl/Houston, and NWC of FM-1464 & Beechnut Road.
Aliana
Average Rent
$1,398/Month
Year-Over-Year Rent Change
4.5%
Units Available
215 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Aliana. The average rent is $1,398, compared to the city average of $1,290. Rent prices have decreased by 4.5%. Aliana is convenient to Club Creek Park and Vietnam Veterans Memorial, The Market Center at Aliana, and Arthur Storey Park.
Riverpark
Average Rent
$1,409/Month
Year-Over-Year Rent Change
0.2%
Units Available
175 Rentals
Riverpark is an affordable neighborhood in Richmond with an average rent price of $1,409. Compare this to the city average of $1,290. In the past year, rent prices have increased by 0.2%. Riverpark provides easy access to Aria Square, William P Hobby, and Houston Baptist University.
Greatwood
Average Rent
$1,464/Month
Year-Over-Year Rent Change
7.5%
Units Available
142 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Greatwood might be the perfect place! It has an average rent price of $1,464, while the city’s average stands at $1,290. In the last year, prices have decreased by 7.5%. Greatwood is near Houston Christian University, William P Hobby, and River Gate Center.
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.