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
Pecan Grove is an affordable neighborhood in Richmond with an average rent price of $1,203. Compare this to the city average of $1,320. In the past year, rent prices have decreased by 3.5%. Pecan Grove provides easy access to William P Hobby, Houston Community College, and The Art Institute of Houston. It’s a car-dependent neighborhood with a WalkScore® of 36.
Waterside Village
Average Rent
$1,363/Month
TransitScore® Rating
0/100
Units Available
45 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Waterside Village might be the perfect place! It has an average rent price of $1,363, while the city’s average stands at $1,320. Waterside Village is near Arthur Storey Park, Houston Christian University, and Waterside Marketplace.
Waterview Estates
Average Rent
$1,390/Month
TransitScore® Rating
0/100
Units Available
29 Rentals
Waterview Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterview Estates is $1,390 while the city average is $1,320. Residents enjoy convenient access to Houston Community College, Waterside Shoppes, and The Art Institute of Houston. The neighborhood is considered 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
When you’re looking for a great Richmond neighborhood on a budget, check out Grand Mission. The average rent is $1,394, compared to the city average of $1,320. Rent prices have increased by 2.6%. Grand Mission is convenient to George Bush Park, Arthur Storey Park, and Club Creek Park and Vietnam Veterans Memorial. The community is walkable 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
Waterside 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 decreased by 2.6%. Waterside provides easy access to Arthur Storey Park, The Art Institute of Houston, and William P Hobby. It’s a car-dependent neighborhood with a WalkScore® of 29.
Aliana
Average Rent
$1,405/Month
Year-Over-Year Rent Change
6.5%
TransitScore® Rating
0/100
Units Available
211 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 $1,405, while the city’s average stands at $1,320. In the last year, prices have decreased by 6.5%. Aliana is near The Grand at Aliana, Houston Community College, and William P Hobby.
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 $1,320. Residents enjoy convenient access to 1464 Plaza, Houston Baptist University, and George Bush Park.
Riverpark
Average Rent
$1,407/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
0/100
Units Available
145 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Riverpark. The average rent is $1,407, compared to the city average of $1,320. Rent prices have increased by 0.3%. Riverpark is convenient to Houston Baptist University, Riverpointe Retail Center, and River Pointe Center. The community is car-dependent with a WalkScore® of 43.
Twin Oaks Village
Average Rent
$1,410/Month
TransitScore® Rating
0/100
Units Available
21 Rentals
Twin Oaks Village is an affordable neighborhood in Richmond with an average rent price of $1,410. Compare this to the city average of $1,320. Twin Oaks Village provides easy access to Houston Christian University, 1464 Plaza, and Arthur Storey Park. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Lakemont
Average Rent
$1,413/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
0/100
Units Available
406 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 $1,413, while the city’s average stands at $1,320. In the last year, prices have decreased by 4%. Lakemont is near Houston Community College, Houston Christian University, and Long Meadows Farm.
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.