Best Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Waterside Village, and Waterview Estates. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of December 22, 2025, the average rent in Richmond is $1,320, which is 1.4% 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
$1,203/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
0/100
Units Available
100 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Pecan Grove might be the perfect place! It has an average rent price of $1,203, while the city’s average stands at $1,320. In the last year, prices have decreased by 3.5%. Pecan Grove is near Houston Baptist University, George Bush Park, and George Bush Intcntl/Houston.
Waterside Village
Average Rent
$1,363/Month
TransitScore® Rating
0/100
Units Available
45 Rentals
Waterside Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterside Village is $1,363 while the city average is $1,320. Residents enjoy convenient access to Houston Christian University, George Bush Park, and Arthur Storey Park. The neighborhood is considered car-dependent with a WalkScore® of 40.
Waterview Estates
Average Rent
$1,390/Month
TransitScore® Rating
0/100
Units Available
29 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Waterview Estates. The average rent is $1,390, compared to the city average of $1,320. Waterview Estates is convenient to Houston Christian University, Houston Community College, and Houston Baptist University. The community is car-dependent with a WalkScore® of 21.
Grand Mission
Average Rent
$1,394/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
53/100
Units Available
162 Rentals
Grand Mission is an affordable neighborhood in Richmond with an average rent price of $1,394. Compare this to the city average of $1,320. In the past year, rent prices have increased by 2.6%. Grand Mission provides easy access to NWC of FM-1464 & Beechnut Road, The Art Institute of Houston, and Houston Christian University. It’s a walkable neighborhood with a WalkScore® of 82.
Waterside
Average Rent
$1,394/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
0/100
Units Available
125 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 $1,394, while the city’s average stands at $1,320. In the last year, prices have decreased by 2.6%. Waterside is near Houston Christian University, Houston Community College, and George Bush Park.
Aliana
Average Rent
$1,405/Month
Year-Over-Year Rent Change
6.5%
TransitScore® Rating
0/100
Units Available
211 Rentals
Aliana is a top choice for budget-conscious renters for a variety of reasons. The average rent in Aliana is $1,405 while the city average is $1,320. This is a -6.5% difference from last year. Residents enjoy convenient access to Arthur Storey Park, Houston Christian University, and The Market Center at Aliana. The neighborhood is considered car-dependent with a WalkScore® of 29.
West Oaks Village
Average Rent
$1,406/Month
Units Available
12 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out West Oaks Village. The average rent is $1,406, compared to the city average of $1,320. West Oaks Village is convenient to George Bush Park, Houston Baptist University, and Houston Christian University.
Riverpark
Average Rent
$1,407/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
0/100
Units Available
145 Rentals
Riverpark is an affordable neighborhood in Richmond with an average rent price of $1,407. Compare this to the city average of $1,320. In the past year, rent prices have increased by 0.3%. Riverpark provides easy access to Riverpointe Retail Center, The Art Institute of Houston, and Houston Community College. It’s a car-dependent neighborhood with a WalkScore® of 43.
Twin Oaks Village
Average Rent
$1,410/Month
TransitScore® Rating
0/100
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Twin Oaks Village might be the perfect place! It has an average rent price of $1,410, while the city’s average stands at $1,320. Twin Oaks Village is near George Bush Park, Club Creek Park and Vietnam Veterans Memorial, and Houston Baptist University.
Lakemont
Average Rent
$1,413/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
0/100
Units Available
406 Rentals
Lakemont is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakemont is $1,413 while the city average is $1,320. This is a -4% difference from last year. Residents enjoy convenient access to George Bush Intcntl/Houston, Houston Christian University, and Houston Baptist University. The neighborhood is considered car-dependent with a WalkScore® of 37.
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.