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Rental Market Trends in Richmond, TX

What is the average rent in Richmond, TX?

$1,289/month

Average Rent

770 Sq Ft

Average Apartment Size

-3.8%

Decrease in the Last Year

As of March 2026, the average rent in Richmond, TX is $1,289 per month. This is 21% lower than the national average rent of $1,626/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 $862 per month for a studio, $1,289 for a one-bedroom apartment, and around $1,731 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,249 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$862/month
500 Sq Ft
One Bedroom
$1,289/month
770 Sq Ft
Two Bedroom
$1,731/month
1,127 Sq Ft
Three Bedroom
$2,249/month
1,309 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,017/month
1,285 Sq Ft
Three Bedroom
$2,196/month
1,798 Sq Ft
Four Bedroom
$2,750/month
2,477 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,429/month
723 Sq Ft
Two Bedroom
$1,895/month
1,108 Sq Ft
Three Bedroom
$2,263/month
1,888 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 3.8%, which averages out to $49 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Richmond, TX
Last Updated March 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, Fieldstone and Waterside Village are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,235/month
766 Sq Ft
Fieldstone
$1,292/month
758 Sq Ft
Waterside Village
$1,317/month
764 Sq Ft
Lakemont
$1,356/month
770 Sq Ft
Waterside
$1,380/month
762 Sq Ft
Richmond/Rosenberg
$1,382/month
780 Sq Ft
Riverpark
$1,393/month
779 Sq Ft
Withers Ridge
$1,395/month
778 Sq Ft
Aliana
$1,396/month
774 Sq Ft
Lost Creek
$1,398/month
777 Sq Ft

What are the most expensive neighborhoods in Richmond?

Based on current rent prices, West Oaks Village, Grand Mission Estates and Twin Oaks Village are the most expensive neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Oaks Village
$1,504/month
714 Sq Ft
Grand Mission Estates
$1,493/month
751 Sq Ft
Twin Oaks Village
$1,458/month
727 Sq Ft
Greatwood
$1,417/month
750 Sq Ft
Grand Mission
$1,412/month
752 Sq Ft
Lost Creek
$1,398/month
777 Sq Ft
Waterview Estates
$1,398/month
796 Sq Ft
Aliana
$1,396/month
774 Sq Ft
Withers Ridge
$1,395/month
778 Sq Ft
Riverpark
$1,393/month
779 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
$1,356/month
770 Sq Ft
Richmond/Rosenberg
$1,382/month
780 Sq Ft
Aliana
$1,396/month
774 Sq Ft
Grand Mission
$1,412/month
752 Sq Ft
Riverpark
$1,393/month
779 Sq Ft
Waterside
$1,380/month
762 Sq Ft
Greatwood
$1,417/month
750 Sq Ft
Pecan Grove
$1,235/month
766 Sq Ft
Waterside Village
$1,317/month
764 Sq Ft
Fieldstone
$1,292/month
758 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 $1,289, you’ll want to make about $4,296 per month or $51,552 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

1,962 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

West Oaks Village

Richmond, TX

Studio
$906/month
-
One Bedroom
$1,132/month
-
Two Bedroom
$1,408/month
-
Three Bedroom
$2,035/month
-
Search
Search

Nearby City Rent Trends

  • Sugar Land Average Rent
  • Rosenberg Average Rent

Apartment communities in Richmond we think you'll love

Silos Harvest Green

Silos Harvest Green

3502 Harvest Bounty Dr,
Richmond, TX 77406

$1,469 - $2,519 Total Monthly Price

1-3 Beds

Mio District West

Mio District West

7222 S Peek Rd,
Richmond, TX 77407

$1,352 - $2,522 Total Monthly Price

Studio - 3 Beds

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

$1,298 - $2,504 Total Monthly Price

1-3 Beds

Allora Cinco Ranch

Allora Cinco Ranch

20020 Farm to Market 1093,
Richmond, TX 77407

$1,119 - $1,885

1-2 Beds

Property Management Companies in Richmond, TX

Greystar
Greystar
  • 3,474

    Communities

  • 956,534

    Units

  • 896

    Cities

7 Communities in Richmond
RPM
RPM
  • 622

    Communities

  • 173,392

    Units

  • 246

    Cities

6 Communities in Richmond
Avenue5 Residential
Avenue5 Residential
  • 548

    Communities

  • 122,772

    Units

  • 218

    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
BH
BH
  • 292

    Communities

  • 85,901

    Units

  • 169

    Cities

1 Community in Richmond
ZRS Management
ZRS Management
  • 346

    Communities

  • 102,973

    Units

  • 138

    Cities

1 Community in Richmond
Blackstone
Blackstone
  • 172

    Communities

  • 54,565

    Units

  • 102

    Cities

1 Community in Richmond
Cortland
Cortland
  • 159

    Communities

  • 59,312

    Units

  • 86

    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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity