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Rental Market Trends in Richmond, TX

What is the average rent in Richmond, TX?

$1,302/month

Average Rent

770 Sq Ft

Average Apartment Size

-1.8%

Decrease in the Last Year

As of April 2026, the average rent in Richmond, TX is $1,302 per month. This is 21% lower than the national average rent of $1,641/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 $853 per month for a studio, $1,302 for a one-bedroom apartment, and around $1,715 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,267 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$853/month
500 Sq Ft
One Bedroom
$1,302/month
770 Sq Ft
Two Bedroom
$1,715/month
1,128 Sq Ft
Three Bedroom
$2,267/month
1,309 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,400/month
646 Sq Ft
Two Bedroom
$1,834/month
1,129 Sq Ft
Three Bedroom
$2,229/month
1,840 Sq Ft
Four Bedroom
$2,822/month
2,595 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,577/month
1,677 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 1.8%, which averages out to $23 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Richmond, TX
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Richmond, TX
Percentage*
Rent Range
0% Below $700/month
15% $700 - $1,000/month
40% $1,001 - $1,500/month
40% $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, West Oaks Village and Fieldstone are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,201/month
749 Sq Ft
West Oaks Village
$1,212/month
723 Sq Ft
Fieldstone
$1,286/month
758 Sq Ft
Waterside Village
$1,298/month
751 Sq Ft
Lakemont
$1,346/month
774 Sq Ft
Waterside
$1,347/month
767 Sq Ft
Grand Mission
$1,362/month
747 Sq Ft
Aliana
$1,371/month
781 Sq Ft
Withers Ridge
$1,376/month
754 Sq Ft
Waterview Estates
$1,409/month
801 Sq Ft

What are the most expensive neighborhoods in Richmond?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greatwood
$1,508/month
757 Sq Ft
Twin Oaks Village
$1,496/month
740 Sq Ft
Grand Mission Estates
$1,476/month
753 Sq Ft
Lost Creek
$1,441/month
780 Sq Ft
Richmond/Rosenberg
$1,433/month
792 Sq Ft
Riverpark
$1,412/month
782 Sq Ft
Waterview Estates
$1,409/month
801 Sq Ft
Withers Ridge
$1,376/month
754 Sq Ft
Aliana
$1,371/month
781 Sq Ft
Grand Mission
$1,362/month
747 Sq Ft

Which Richmond neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lakemont
$1,346/month
774 Sq Ft
Richmond/Rosenberg
$1,433/month
792 Sq Ft
Grand Mission
$1,362/month
747 Sq Ft
Aliana
$1,371/month
781 Sq Ft
Riverpark
$1,412/month
782 Sq Ft
Greatwood
$1,508/month
757 Sq Ft
Waterside
$1,347/month
767 Sq Ft
Pecan Grove
$1,201/month
749 Sq Ft
West Oaks Village
$1,212/month
723 Sq Ft
Lost Creek
$1,441/month
780 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 $1,302, you’ll want to make about $4,340 per month or $52,080 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

2,498 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

Greatwood

Richmond, TX

Studio
$932/month
-
One Bedroom
$1,113/month
$1,529/month
Two Bedroom
$1,372/month
$2,001/month
Three Bedroom
$2,010/month
$2,402/month
Search
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Nearby City Rent Trends

  • Rosenberg Average Rent
  • Sugar Land Average Rent

Apartment communities in Richmond we think you'll love

Silos Harvest Green

Silos Harvest Green

3502 Harvest Bounty Dr,
Richmond, TX 77406

$1,408 - $2,559 Total Monthly Price

1-3 Beds

Mio District West

Mio District West

7222 S Peek Rd,
Richmond, TX 77407

$1,272 - $2,482 Total Monthly Price

Studio - 3 Beds

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

$1,299 - $2,394 Total Monthly Price

1-3 Beds

Allora Bella Terra

Allora Bella Terra

12240 Bella Terra Center Way,
Richmond, TX 77406

$919 - $4,044

1-3 Beds

Property Management Companies in Richmond, TX

Greystar
Greystar
  • 3,488

    Communities

  • 959,885

    Units

  • 891

    Cities

10 Communities in Richmond
RPM
RPM
  • 651

    Communities

  • 179,330

    Units

  • 257

    Cities

7 Communities in Richmond
CWS Capital Partners
CWS Capital Partners
  • 101

    Communities

  • 30,819

    Units

  • 40

    Cities

3 Communities in Richmond
Avenue5 Residential
Avenue5 Residential
  • 578

    Communities

  • 128,898

    Units

  • 223

    Cities

2 Communities in Richmond
Ilan Investments
Ilan Investments
  • 57

    Communities

  • 16,403

    Units

  • 28

    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
Cushman & Wakefield
Cushman & Wakefield
  • 455

    Communities

  • 108,006

    Units

  • 227

    Cities

1 Community in Richmond
BH
BH
  • 272

    Communities

  • 83,796

    Units

  • 157

    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.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity