Most Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Waterside Village, and Waterside. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of September 19, 2025, the average rent in Richmond is $1,323, which is 1.1% 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.
Pecan Grove
Average Rent
$1,208/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
0/100
Units Available
106 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Pecan Grove. The average rent is $1,208, compared to the city average of $1,323. Rent prices have increased by 5.2%. Pecan Grove is convenient to Plantation Crossing, Houston Baptist University, and George Bush Intcntl/Houston. The community is car-dependent with a WalkScore® of 36.
Waterside Village
Average Rent
$1,336/Month
TransitScore® Rating
0/100
Units Available
42 Rentals
Waterside Village is an affordable neighborhood in Richmond with an average rent price of $1,336. Compare this to the city average of $1,323. Waterside Village provides easy access to Houston Baptist University, Houston Community College, and Waterside Shopping Center. It’s a car-dependent neighborhood with a WalkScore® of 40.
Waterside
Average Rent
$1,360/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
0/100
Units Available
103 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 $1,360, while the city’s average stands at $1,323. In the last year, prices have decreased by 4.2%. Waterside is near The Art Institute of Houston, Arthur Storey Park, and George Bush Intcntl/Houston.
Lost Creek
Average Rent
$1,369/Month
TransitScore® Rating
0/100
Units Available
46 Rentals
Lost Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lost Creek is $1,369 while the city average is $1,323. Residents enjoy convenient access to Mason Rd Center, George Bush Intcntl/Houston, 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
4.7%
TransitScore® Rating
0/100
Units Available
177 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 $1,323. Rent prices have decreased by 4.7%. Aliana is convenient to The Grand at Aliana, UT Health Houston, and William P Hobby. The community is car-dependent with a WalkScore® of 29.
Withers Ridge
Average Rent
$1,392/Month
TransitScore® Rating
0/100
Units Available
15 Rentals
Withers Ridge is an affordable neighborhood in Richmond with an average rent price of $1,392. Compare this to the city average of $1,323. Withers Ridge provides easy access to Houston Baptist University, Arthur Storey Park, and Houston Community College. It’s a car-dependent neighborhood with a WalkScore® of 21.
Grand Mission
Average Rent
$1,393/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
53/100
Units Available
118 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 $1,393, while the city’s average stands at $1,323. In the last year, prices have increased by 3.6%. Grand Mission is near William P Hobby, Club Creek Park and Vietnam Veterans Memorial, and 1464 Plaza.
West Oaks Village
Average Rent
$1,406/Month
Units Available
12 Rentals
West Oaks Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Oaks Village is $1,406 while the city average is $1,323. Residents enjoy convenient access to Rice University, Bear Creek Pioneers Park, and Houston Community College.
Waterview Estates
Average Rent
$1,412/Month
TransitScore® Rating
0/100
Units Available
26 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterview Estates. The average rent is $1,412, compared to the city average of $1,323. Waterview Estates is convenient to Waterside Shoppes, Arthur Storey Park, and Houston Baptist University. The community is car-dependent with a WalkScore® of 21.
Riverpark
Average Rent
$1,423/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
0/100
Units Available
141 Rentals
Riverpark is an affordable neighborhood in Richmond with an average rent price of $1,423. Compare this to the city average of $1,323. In the past year, rent prices have increased by 2.5%. Riverpark provides easy access to Houston Baptist University, The Art Institute of Houston, and UT Health Houston. It’s a car-dependent neighborhood with a WalkScore® of 43.
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.