Best Affordable 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 May 7, 2026, the average rent in Richmond is $1,273, 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
$1,162/Month
Year-Over-Year Rent Change
10.5%
Units Available
91 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 $1,162, while the city’s average stands at $1,273. In the last year, prices have decreased by 10.5%. Pecan Grove is near Pecan Grove Crossing, William P Hobby, and George Bush Intcntl/Houston.
Waterside
Average Rent
$1,321/Month
Year-Over-Year Rent Change
0.8%
Units Available
113 Rentals
Waterside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterside is $1,321 while the city average is $1,273. This is a 0.8% difference from last year. Residents enjoy convenient access to Houston Baptist University, Houston Community College, and William P Hobby.
Lakemont
Average Rent
$1,328/Month
Year-Over-Year Rent Change
6.9%
Units Available
394 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lakemont. The average rent is $1,328, compared to the city average of $1,273. Rent prices have decreased by 6.9%. Lakemont is convenient to Houston Christian University, William P Hobby, and Houston Community College.
Grand Mission
Average Rent
$1,345/Month
Year-Over-Year Rent Change
1.5%
Units Available
213 Rentals
Grand Mission is an affordable neighborhood in Richmond with an average rent price of $1,345. Compare this to the city average of $1,273. In the past year, rent prices have increased by 1.5%. Grand Mission provides easy access to Club Creek Park and Vietnam Veterans Memorial, The Plaza at Aliana, and NWC of FM-1464 & Beechnut Road.
Aliana
Average Rent
$1,350/Month
Year-Over-Year Rent Change
8.9%
Units Available
208 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 $1,350, while the city’s average stands at $1,273. In the last year, prices have decreased by 8.9%. Aliana is near Houston Community College, The Market Center at Aliana, and Arthur Storey Park.
Richmond/Rosenberg
Average Rent
$1,408/Month
Year-Over-Year Rent Change
2.7%
Units Available
381 Rentals
Richmond/Rosenberg is a top choice for budget-conscious renters for a variety of reasons. The average rent in Richmond/Rosenberg is $1,408 while the city average is $1,273. This is a -2.7% difference from last year. Residents enjoy convenient access to Center @ Rosenberg, Houston Baptist University, and William P Hobby.
Riverpark
Average Rent
$1,414/Month
Year-Over-Year Rent Change
4.1%
Units Available
156 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Riverpark. The average rent is $1,414, compared to the city average of $1,273. Rent prices have increased by 4.1%. Riverpark is convenient to Riverpointe Retail Center, Houston Christian University, and Houston Baptist University.
Greatwood
Average Rent
$1,485/Month
Year-Over-Year Rent Change
3.6%
Units Available
123 Rentals
Greatwood is an affordable neighborhood in Richmond with an average rent price of $1,485. Compare this to the city average of $1,273. In the past year, rent prices have decreased by 3.6%. Greatwood provides easy access to Houston Baptist University, The Art Institute of Houston, and William P Hobby.
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.