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Rental Market Trends in Richmond, TX

Updated July 2026

The average rent in Richmond, TX is $1,293/month.

Rent in Richmond is 22% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$1,293/month

Average Rent

768 Sq Ft

Average Size

-3.4%

Change / Year

3,199

Available Apartments

Richmond rent varies by unit size and layout:

  • Studio apartments in Richmond average $885 per month.
  • One-bedroom apartments in Richmond average $1,293 per month.
  • Two-bedroom apartments in Richmond average $1,737 per month.
  • Three-bedroom apartments in Richmond average $2,277 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$885/month
500 Sq Ft
One Bedroom
$1,293/month
768 Sq Ft
Two Bedroom
$1,737/month
1,125 Sq Ft
Three Bedroom
$2,277/month
1,319 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,480/month
647 Sq Ft
Two Bedroom
$1,879/month
1,137 Sq Ft
Three Bedroom
$2,278/month
1,793 Sq Ft
Four Bedroom
$3,060/month
2,702 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,328/month
1,799 Sq Ft
View Richmond Apartments

How much has average rent changed in Richmond, TX?

In the past year, rent has decreased by 3.4%, which averages out to $43 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Richmond, TX

July 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Richmond, TX
Percentage*
Rent Range
0% Below $700/month
14% $700 - $1,000/month
38% $1,001 - $1,500/month
42% $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, Lakemont and Riverpark are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,131/month
747 Sq Ft
Lakemont
$1,330/month
783 Sq Ft
Riverpark
$1,331/month
792 Sq Ft
Waterside
$1,341/month
766 Sq Ft
Greatwood
$1,372/month
764 Sq Ft
Richmond/Rosenberg
$1,394/month
801 Sq Ft
Grand Mission
$1,394/month
741 Sq Ft
Aliana
$1,409/month
748 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
$1,409/month
748 Sq Ft
Richmond/Rosenberg
$1,394/month
801 Sq Ft
Grand Mission
$1,394/month
741 Sq Ft
Greatwood
$1,372/month
764 Sq Ft
Waterside
$1,341/month
766 Sq Ft
Riverpark
$1,331/month
792 Sq Ft
Lakemont
$1,330/month
783 Sq Ft
Pecan Grove
$1,131/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
$1,330/month
783 Sq Ft
Richmond/Rosenberg
$1,394/month
801 Sq Ft
Grand Mission
$1,394/month
741 Sq Ft
Aliana
$1,409/month
748 Sq Ft
Riverpark
$1,331/month
792 Sq Ft
Greatwood
$1,372/month
764 Sq Ft
Waterside
$1,341/month
766 Sq Ft
Pecan Grove
$1,131/month
747 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 $1,293, you’ll want to make about $4,310 per month or $51,720 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

3,199 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
$948/month
-
One Bedroom
$1,107/month
$1,323/month
Two Bedroom
$1,451/month
$1,771/month
Three Bedroom
$1,961/month
$2,161/month
View Rentals
View Rentals

Compare Rent Trends Nearby

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

  • Rosenberg

    Rosenberg

  • Sugar Land

    Sugar Land

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 | $2,395 - $2,895

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

1-3 Beds | $1,410 - $2,540

Silos Harvest Green

Silos Harvest Green

3502 Harvest Bounty Dr,
Richmond, TX 77406

1-3 Beds | $1,410 - $2,555

Villas at River Park West

Villas at River Park West

21811 Wildwood Park Dr,
Richmond, TX 77469

1-2 Beds | $1,056 - $1,659

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Frequently Asked Questions

What is the average rent in Richmond?

The average rent in Richmond is $1,293 per month, which is 22.2% lower than the national average of $1,662.

What is the average rent for a house in Richmond?

The average rent for a house in Richmond, TX is $2,278 per month.

Are rents going up or down in Richmond?

Rents in Richmond, TX are decreasing, with prices down 3.4% year-over-year and $43 less per month.

What rent range is most common in Richmond?

In Richmond, TX, 42% of apartments fall between $1,501 - $2,000/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 June 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