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 September 20, 2026, the average rent in Richmond is $1,268, which is 5.7% 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
$1,097/Month
Year-Over-Year Rent Change
12.9%
Units Available
92 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Pecan Grove. The average rent is $1,097, compared to the city average of $1,268. Rent prices have decreased by 12.9%. Pecan Grove is convenient to George Bush Intcntl/Houston, Houston Christian University, and Houston Community College.
Waterside
Average Rent
$1,264/Month
Year-Over-Year Rent Change
4.7%
Units Available
112 Rentals
Waterside is an affordable neighborhood in Richmond with an average rent price of $1,264. Compare this to the city average of $1,268. In the past year, rent prices have decreased by 4.7%. Waterside provides easy access to Majestic at Harvest Green, Houston Community College, and Houston Christian University.
Lakemont
Average Rent
$1,310/Month
Year-Over-Year Rent Change
7.2%
Units Available
382 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 $1,310, while the city’s average stands at $1,268. In the last year, prices have decreased by 7.2%. Lakemont is near The Art Institute of Houston, George Bush Park, and Shops at Long Meadow Farms.
Grand Mission
Average Rent
$1,326/Month
Year-Over-Year Rent Change
3.8%
Units Available
322 Rentals
Grand Mission is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grand Mission is $1,326 while the city average is $1,268. This is a 3.8% difference from last year. Residents enjoy convenient access to The Art Institute of Houston, Houston Community College, and Houston Christian University.
Riverpark
Average Rent
$1,331/Month
Year-Over-Year Rent Change
2.2%
Units Available
160 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Riverpark. The average rent is $1,331, compared to the city average of $1,268. Rent prices have decreased by 2.2%. Riverpark is convenient to Riverpointe Retail Center, William P Hobby, and Houston Community College.
Greatwood
Average Rent
$1,352/Month
Units Available
111 Rentals
Greatwood is an affordable neighborhood in Richmond with an average rent price of $1,352. Compare this to the city average of $1,268.
Aliana
Average Rent
$1,368/Month
Year-Over-Year Rent Change
10.2%
Units Available
315 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 $1,368, while the city’s average stands at $1,268. In the last year, prices have decreased by 10.2%. Aliana is near George Bush Intcntl/Houston, Houston Baptist University, and Houston Christian University.
Richmond/Rosenberg
Average Rent
$1,394/Month
Year-Over-Year Rent Change
0.9%
Units Available
386 Rentals
Richmond/Rosenberg is a top choice for budget-conscious renters for a variety of reasons. The average rent in Richmond/Rosenberg is $1,394 while the city average is $1,268. This is a -0.9% difference from last year. Residents enjoy convenient access to Blinn College, Sealy Campus, Highway 36 Plaza, and Midtown Shopping 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.