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Rental Market Trends in Richmond, TX

What is the average rent in Richmond, TX?

$1,314/month

Average Rent

770 Sq Ft

Average Apartment Size

-2.1%

Decrease in the Last Year

As of January 2026, the average rent in Richmond, TX is $1,314 per month. This is 19% lower than the national average rent of $1,624/month, making renting in Richmond more affordable than most cities in the US. When you rent an apartment in Richmond, you can expect to pay about $883 per month for a studio, $1,314 for a one-bedroom apartment, and around $1,734 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,259 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$883/month
500 Sq Ft
One Bedroom
$1,314/month
770 Sq Ft
Two Bedroom
$1,734/month
1,127 Sq Ft
Three Bedroom
$2,259/month
1,310 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,783/month
646 Sq Ft
Two Bedroom
$1,834/month
887 Sq Ft
Three Bedroom
$2,241/month
1,822 Sq Ft
Four Bedroom
$2,812/month
2,519 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,507/month
719 Sq Ft
Two Bedroom
$2,000/month
1,175 Sq Ft
Three Bedroom
$2,233/month
1,873 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Richmond, TX?

In the past year, rent has decreased by 2.1%, which averages out to $27 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Richmond, TX
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Richmond, TX
Percentage*
Rent Range
0% Below $700/month
15% $700 - $1,000/month
36% $1,001 - $1,500/month
45% $1,501 - $2,000/month
4% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Richmond?

Based on current rent prices, Pecan Grove, Waterside Village and Fieldstone are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,181/month
748 Sq Ft
Waterside Village
$1,313/month
749 Sq Ft
Fieldstone
$1,340/month
755 Sq Ft
Withers Ridge
$1,365/month
773 Sq Ft
Waterside
$1,375/month
761 Sq Ft
Grand Mission
$1,376/month
756 Sq Ft
Waterview Estates
$1,387/month
792 Sq Ft
Lakemont
$1,395/month
775 Sq Ft
Aliana
$1,396/month
775 Sq Ft
Riverpark
$1,414/month
781 Sq Ft

What are the most expensive neighborhoods in Richmond?

Based on current rent prices, Grand Mission Estates, Richmond/Rosenberg and Greatwood are the most expensive neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Grand Mission Estates
$1,464/month
776 Sq Ft
Richmond/Rosenberg
$1,441/month
791 Sq Ft
Greatwood
$1,437/month
757 Sq Ft
Lost Creek
$1,436/month
769 Sq Ft
Twin Oaks Village
$1,433/month
720 Sq Ft
Riverpark
$1,414/month
781 Sq Ft
Aliana
$1,396/month
775 Sq Ft
Lakemont
$1,395/month
775 Sq Ft
Waterview Estates
$1,387/month
792 Sq Ft
Grand Mission
$1,376/month
756 Sq Ft

Which Richmond neighborhoods have the most rentals available?

The neighborhoods in Richmond with the most apartments available are Lakemont, Richmond/Rosenberg and Aliana .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lakemont
$1,395/month
775 Sq Ft
Richmond/Rosenberg
$1,441/month
791 Sq Ft
Aliana
$1,396/month
775 Sq Ft
Riverpark
$1,414/month
781 Sq Ft
Grand Mission
$1,376/month
756 Sq Ft
Waterside
$1,375/month
761 Sq Ft
Greatwood
$1,437/month
757 Sq Ft
Pecan Grove
$1,181/month
748 Sq Ft
Waterside Village
$1,313/month
749 Sq Ft
Fieldstone
$1,340/month
755 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Richmond, TX?

Because the average rent in Richmond is $1,314, you’ll want to make about $4,380 per month or $52,560 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Richmond, TX

1,959 Available Apartments for Rent

Search for Nearby Apartments

How does Richmond, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare Richmond, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Richmond, TX

Apartment Averages

Pecan Grove

Richmond, TX

Grand Mission Estates

Richmond, TX

Studio
$905/month
-
One Bedroom
$1,136/month
-
Two Bedroom
$1,426/month
-
Three Bedroom
$1,923/month
-
Search
Search

Nearby City Rent Trends

  • Sugar Land Average Rent
  • Rosenberg Average Rent

Apartment communities in Richmond we think you'll love

Allora Bella Terra

Allora Bella Terra

12240 Bella Terra Center Way,
Richmond, TX 77406

$1,090 - $3,969

1-3 Beds

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

$1,241 - $2,365

1-3 Beds

Silos Harvest Green

Silos Harvest Green

3502 Harvest Bounty Dr,
Richmond, TX 77406

$1,399 - $2,440

1-3 Beds

Allora Cinco Ranch

Allora Cinco Ranch

20020 Farm to Market 1093,
Richmond, TX 77407

$1,119 - $1,960

1-2 Beds

Property Management Companies in Richmond, TX

Greystar
Greystar
  • 3,446

    Communities

  • 951,526

    Units

  • 887

    Cities

7 Communities in Richmond
RPM
RPM
  • 620

    Communities

  • 169,464

    Units

  • 243

    Cities

5 Communities in Richmond
Avenue5 Residential
Avenue5 Residential
  • 552

    Communities

  • 122,349

    Units

  • 219

    Cities

2 Communities in Richmond
BSR Real Estate Investment Trust
BSR Real Estate Investment Trust
  • 24

    Communities

  • 6,932

    Units

  • 17

    Cities

2 Communities in Richmond
Pretium Partners, LLC
Pretium Partners, LLC
  • 304

    Communities

  • 87,390

    Units

  • 176

    Cities

1 Community in Richmond
ZRS Management
ZRS Management
  • 339

    Communities

  • 100,624

    Units

  • 138

    Cities

1 Community in Richmond
Blackstone
Blackstone
  • 138

    Communities

  • 41,960

    Units

  • 92

    Cities

1 Community in Richmond
Cortland
Cortland
  • 155

    Communities

  • 58,091

    Units

  • 82

    Cities

1 Community in Richmond

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United States Texas Richmond Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity