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Rental Market Trends in Richmond, TX

What is the average rent in Richmond, TX?

$1,292/month

Average Rent

768 Sq Ft

Average Apartment Size

-3.7%

Decrease in the Last Year

Richmond, TX Rental Market Overview

The average rent in Richmond, TX is $1,292 per month. This is 21% lower than the national average rent of $1,644/month, making renting in Richmond more affordable than most cities in the US.

  • Studio apartments in Richmond average $889 per month.
  • One-bedroom apartments in Richmond average $1,292 per month.
  • Two-bedroom apartments in Richmond average $1,741 per month.
  • Three-bedroom apartments in Richmond average $2,274 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$889/month
500 Sq Ft
One Bedroom
$1,292/month
768 Sq Ft
Two Bedroom
$1,741/month
1,125 Sq Ft
Three Bedroom
$2,274/month
1,308 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,920/month
1,394 Sq Ft
Three Bedroom
$2,205/month
1,753 Sq Ft
Four Bedroom
$2,908/month
2,619 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,567/month
1,649 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 3.7%, which averages out to $47 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Richmond, TX
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Richmond, TX
Percentage*
Rent Range
0% Below $700/month
14% $700 - $1,000/month
43% $1,001 - $1,500/month
39% $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 and Lakemont are the most affordable neighborhoods in Richmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pecan Grove
$1,171/month
744 Sq Ft
Waterside
$1,318/month
763 Sq Ft
Lakemont
$1,351/month
781 Sq Ft
Aliana
$1,380/month
770 Sq Ft
Grand Mission
$1,392/month
757 Sq Ft
Riverpark
$1,416/month
787 Sq Ft
Richmond/Rosenberg
$1,419/month
797 Sq Ft
Greatwood
$1,456/month
764 Sq Ft

What are the most expensive neighborhoods in Richmond?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greatwood
$1,456/month
764 Sq Ft
Richmond/Rosenberg
$1,419/month
797 Sq Ft
Riverpark
$1,416/month
787 Sq Ft
Grand Mission
$1,392/month
757 Sq Ft
Aliana
$1,380/month
770 Sq Ft
Lakemont
$1,351/month
781 Sq Ft
Waterside
$1,318/month
763 Sq Ft
Pecan Grove
$1,171/month
744 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
$1,351/month
781 Sq Ft
Richmond/Rosenberg
$1,419/month
797 Sq Ft
Grand Mission
$1,392/month
757 Sq Ft
Aliana
$1,380/month
770 Sq Ft
Riverpark
$1,416/month
787 Sq Ft
Greatwood
$1,456/month
764 Sq Ft
Waterside
$1,318/month
763 Sq Ft
Pecan Grove
$1,171/month
744 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 $1,292, you’ll want to make about $4,306 per month or $51,672 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

2,347 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
$961/month
$1,511/month
One Bedroom
$1,090/month
$1,442/month
Two Bedroom
$1,424/month
$1,676/month
Three Bedroom
$1,834/month
$2,096/month
Search
Search

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

$1,425 - $2,670 Total Monthly Price

1-3 Beds

Elan Harvest Green

Elan Harvest Green

3424 Harvest Bounty Dr,
Richmond, TX 77406

$1,270 - $2,660 Total Monthly Price

1-3 Beds

Allora Cinco Ranch

Allora Cinco Ranch

20020 Farm to Market 1093,
Richmond, TX 77407

$1,090 - $4,565

1-2 Beds

Villas at River Park West

Villas at River Park West

21811 Wildwood Park Dr,
Richmond, TX 77469

$1,125 - $1,623

1-2 Beds

Property Management Companies in Richmond, TX

Greystar
Greystar
  • 3,523

    Communities

  • 968,848

    Units

  • 898

    Cities

11 Communities in Richmond
RPM
RPM
  • 663

    Communities

  • 184,134

    Units

  • 260

    Cities

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

    Communities

  • 30,976

    Units

  • 40

    Cities

3 Communities in Richmond
Avenue5 Residential
Avenue5 Residential
  • 570

    Communities

  • 126,965

    Units

  • 219

    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
  • 446

    Communities

  • 105,853

    Units

  • 219

    Cities

1 Community in Richmond
BH
BH
  • 273

    Communities

  • 84,204

    Units

  • 156

    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 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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© 2026 CoStar Group, Inc.

Equal Housing Opportunity