Cheapest Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Bradford Park, and Fieldstone. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of August 5, 2026, the average rent in Richmond is $1,282, which is 4.3% 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
$1,168/Month
Year-Over-Year Rent Change
6.7%
Units Available
86 Rentals
Pecan Grove is an affordable neighborhood in Richmond with an average rent price of $1,168. Compare this to the city average of $1,282. In the past year, rent prices have decreased by 6.7%. Pecan Grove provides easy access to Plantation Crossing, William P Hobby, and Houston Community College.
Bradford Park
Average Rent
$1,213/Month
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Bradford Park might be the perfect place! It has an average rent price of $1,213, while the city’s average stands at $1,282. Bradford Park is near Arthur Storey Park, Waterview Town Center, and Grand Mission Retail Center.
Fieldstone
Average Rent
$1,274/Month
Units Available
41 Rentals
Fieldstone is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fieldstone is $1,274 while the city average is $1,282. Residents enjoy convenient access to Houston Baptist University, Houston Community College, and William P Hobby.
Waterside Village
Average Rent
$1,277/Month
Units Available
35 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterside Village. The average rent is $1,277, compared to the city average of $1,282.
Withers Ridge
Average Rent
$1,305/Month
Units Available
27 Rentals
Withers Ridge is an affordable neighborhood in Richmond with an average rent price of $1,305. Compare this to the city average of $1,282.
Lakemont
Average Rent
$1,316/Month
Year-Over-Year Rent Change
5.6%
Units Available
372 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Lakemont might be the perfect place! It has an average rent price of $1,316, while the city’s average stands at $1,282. In the last year, prices have decreased by 5.6%. Lakemont is near The Art Institute of Houston, George Bush Intcntl/Houston, and 7770 W Grand Pky.
Riverpark
Average Rent
$1,325/Month
Year-Over-Year Rent Change
4.1%
Units Available
160 Rentals
Riverpark is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverpark is $1,325 while the city average is $1,282. This is a -4.1% difference from last year. Residents enjoy convenient access to William P Hobby, Houston Christian University, and Houston Baptist University.
Lost Creek
Average Rent
$1,331/Month
Units Available
29 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lost Creek. The average rent is $1,331, compared to the city average of $1,282.
Waterside
Average Rent
$1,356/Month
Year-Over-Year Rent Change
0.5%
Units Available
101 Rentals
Waterside is an affordable neighborhood in Richmond with an average rent price of $1,356. Compare this to the city average of $1,282. In the past year, rent prices have decreased by 0.5%. Waterside provides easy access to Arthur Storey Park, Houston Baptist University, and George Bush Intcntl/Houston.
Greatwood
Average Rent
$1,369/Month
Units Available
116 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 $1,369, while the city’s average stands at $1,282.
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.