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Rental Market Trends in Richmond, TX

Updated September 2026

The average rent in Richmond, TX is $1,278/month.

Rent in Richmond is 23% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,278/month

Average Rent

767 Sq Ft

Average Size

-4.9%

Change / Year

3,457

Available Apartments

Richmond rent varies by unit size and layout:

  • Studio apartments in Richmond average $1,131 per month.
  • One-bedroom apartments in Richmond average $1,278 per month.
  • Two-bedroom apartments in Richmond average $1,715 per month.
  • Three-bedroom apartments in Richmond average $2,239 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,131/month
578 Sq Ft
One Bedroom
$1,278/month
767 Sq Ft
Two Bedroom
$1,715/month
1,125 Sq Ft
Three Bedroom
$2,239/month
1,319 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,954/month
1,203 Sq Ft
Three Bedroom
$2,228/month
1,819 Sq Ft
Four Bedroom
$3,114/month
2,803 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,359/month
1,781 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,043/month
1,801 Sq Ft
View Richmond Apartments

How much has average rent changed in Richmond, TX?

In the past year, rent has decreased by 4.9%, which averages out to $62 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Richmond, TX

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Richmond, TX
Percentage*
Rent Range
0% Below $700/month
13% $700 - $1,000/month
42% $1,001 - $1,500/month
38% $1,501 - $2,000/month
6% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Richmond?

Based on current rent prices, Pecan Grove, Riverpark and Lakemont are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,082/month
745 Sq Ft
Riverpark
$1,309/month
769 Sq Ft
Lakemont
$1,317/month
778 Sq Ft
Greatwood
$1,327/month
749 Sq Ft
Waterside
$1,330/month
756 Sq Ft
Grand Mission
$1,345/month
740 Sq Ft
Richmond/Rosenberg
$1,395/month
785 Sq Ft
Aliana
$1,397/month
744 Sq Ft

What are the most expensive neighborhoods in Richmond?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Aliana
$1,397/month
744 Sq Ft
Richmond/Rosenberg
$1,395/month
785 Sq Ft
Grand Mission
$1,345/month
740 Sq Ft
Waterside
$1,330/month
756 Sq Ft
Greatwood
$1,327/month
749 Sq Ft
Lakemont
$1,317/month
778 Sq Ft
Riverpark
$1,309/month
769 Sq Ft
Pecan Grove
$1,082/month
745 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
$1,317/month
778 Sq Ft
Richmond/Rosenberg
$1,395/month
785 Sq Ft
Grand Mission
$1,345/month
740 Sq Ft
Aliana
$1,397/month
744 Sq Ft
Riverpark
$1,309/month
769 Sq Ft
Greatwood
$1,327/month
749 Sq Ft
Waterside
$1,330/month
756 Sq Ft
Pecan Grove
$1,082/month
745 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 $1,278, you’ll want to make about $4,260 per month or $51,120 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

3,457 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.

View the Richmond Area Guide

Apartment Averages

Pecan Grove

Richmond, TX

Aliana

Richmond, TX

Studio
$941/month
-
One Bedroom
$1,105/month
$1,315/month
Two Bedroom
$1,443/month
$1,777/month
Three Bedroom
$1,752/month
$2,154/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Sugar Land

    Sugar Land

    Avg Rent: $1,346/month

  • Rosenberg

    Rosenberg

    Avg Rent: $1,191/month

Apartment Communities in Richmond We Think You'll Love

La Vista Richmond Town Homes

La Vista Richmond Town Homes

10719 Mason Rd,
Richmond, TX 77406

3 Beds | $2,490 - $2,895

Silos Harvest Green

Silos Harvest Green

3502 Harvest Bounty Dr,
Richmond, TX 77406

1-3 Beds | $1,385 - $2,950

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

1-3 Beds | $1,367 - $3,011

Townestone at 359

Townestone at 359

11430 FM 359 Rd,
Richmond, TX 77406

1-2 Beds | $1,370 - $2,080

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Frequently Asked Questions

What is the average rent in Richmond?

The average rent in Richmond is $1,278 per month, which is 23.2% lower than the national average of $1,664.

What is the average rent for a house in Richmond?

The average rent for a house in Richmond, TX is $2,228 per month.

Are rents going up or down in Richmond?

Rents in Richmond, TX are decreasing, with prices down 4.9% year-over-year and $62 less per month.

What rent range is most common in Richmond?

In Richmond, TX, 42% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 September 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity