Best Affordable Neighborhoods in Richmond, TX
Some of the cheapest neighborhoods in Richmond are Pecan Grove, Waterside Village, and Lakemont. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of March 23, 2026, the average rent in Richmond is $1,288, which is 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
$1,250/Month
Year-Over-Year Rent Change
7.5%
Units Available
77 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 $1,250, while the city’s average stands at $1,288. In the last year, prices have decreased by 7.5%. Pecan Grove is near Plantation Crossing, George Bush Intcntl/Houston, and Houston Community College.
Waterside Village
Average Rent
$1,321/Month
Units Available
43 Rentals
Waterside Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterside Village is $1,321 while the city average is $1,288. Residents enjoy convenient access to Houston Baptist University, Houston Christian University, and Waterside Shopping Center.
Lakemont
Average Rent
$1,342/Month
Year-Over-Year Rent Change
4.1%
Units Available
410 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lakemont. The average rent is $1,342, compared to the city average of $1,288. Rent prices have decreased by 4.1%. Lakemont is convenient to Shops at Long Meadow Farms, George Bush Intcntl/Houston, and Grand Center at Long Meadow Farms.
Fieldstone
Average Rent
$1,347/Month
Units Available
40 Rentals
Fieldstone is an affordable neighborhood in Richmond with an average rent price of $1,347. Compare this to the city average of $1,288. Fieldstone provides easy access to Waterside Shopping Center, George Bush Intcntl/Houston, and Long Meadow Plaza.
Waterside
Average Rent
$1,359/Month
Year-Over-Year Rent Change
0.1%
Units Available
107 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 $1,359, while the city’s average stands at $1,288. In the last year, prices have decreased by 0.1%. Waterside is near Marcel Harvest Green, The Art Institute of Houston, and The Market at Harvest Green.
Richmond/Rosenberg
Average Rent
$1,366/Month
Year-Over-Year Rent Change
1.6%
Units Available
387 Rentals
Richmond/Rosenberg is a top choice for budget-conscious renters for a variety of reasons. The average rent in Richmond/Rosenberg is $1,366 while the city average is $1,288. This is a -1.6% difference from last year. Residents enjoy convenient access to Blinn College, Sealy Campus, Highway 36 Plaza, and Midtown Shopping Center.
Lost Creek
Average Rent
$1,377/Month
Units Available
46 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Lost Creek. The average rent is $1,377, compared to the city average of $1,288. Lost Creek is convenient to William P Hobby, Houston Christian University, and Houston Community College.
Aliana
Average Rent
$1,379/Month
Year-Over-Year Rent Change
10.3%
Units Available
205 Rentals
Aliana is an affordable neighborhood in Richmond with an average rent price of $1,379. Compare this to the city average of $1,288. In the past year, rent prices have decreased by 10.3%. Aliana provides easy access to The Grand at Aliana, The Market Center at Aliana, and Arthur Storey Park.
Withers Ridge
Average Rent
$1,387/Month
Units Available
37 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Withers Ridge might be the perfect place! It has an average rent price of $1,387, while the city’s average stands at $1,288. Withers Ridge is near Houston Baptist University, Houston Christian University, and Houston Community College.
Riverpark
Average Rent
$1,397/Month
Year-Over-Year Rent Change
0.6%
Units Available
153 Rentals
Riverpark is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverpark is $1,397 while the city average is $1,288. This is a -0.6% difference from last year. Residents enjoy convenient access to The Art Institute of Houston, Riverpointe Retail Center, and Houston Christian University.
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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.