Richmond, TX Rental Market Trends
Highlights
The average rent for an apartment in Richmond is $1,183, a 5% increase compared to the previous year, when the average rent was $1,125.
Average Rent in Richmond, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,183 | 5% | 916 sq. ft. |
The average size for a Richmond, TX apartment is 916 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Richmond, TX Apartment Rent Ranges
- $501-$7004%
- $701-$1,00025%
- $1,001-$1,50058%
- $1,501-$2,00012%
- > $2,0001%
Richmond, TX Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
1,252 or 31% of the households in Richmond, TX are renter-occupied while 2,730 or 68% are owner-occupied.
Richmond, TX Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Feb / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Richmond, TX | $1,107 | $1,107 | $1,134 | $1,134 | $1,113 | $1,125 | $1,150 | $1,157 | $1,183 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
Average Rent in Richmond, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Aliana | $1,241 |
| Champion Spring | $1,241 |
| Grand Mission Estates | $1,241 |
| Lakemont | $1,241 |
| Mission Sierra | $1,241 |
| Twin Oaks Village | $1,241 |
| West Oaks Village | $1,241 |
| Withers Ridge | $1,241 |
| Bradford Park | $1,238 |
| Grand Meadow | $1,238 |
| Houstonian Golf Club | $1,238 |
| Shiloh Lake Estates | $1,238 |
| Bella Vista | $1,233 |
| Brynmawr Lake | $1,233 |
| Creek Colony Estates | $1,233 |
| Edgewood | $1,233 |
| Estates of Brazoswood | $1,233 |
| Falcon Junction | $1,233 |
| Foster Crossing | $1,233 |
| Goldenrod Estates | $1,233 |
| Grand River | $1,233 |
| Heart Lake Ranch | $1,233 |
| Heritage Farms | $1,233 |
| Hunterwood | $1,233 |
| Lakes of Bella Terra | $1,233 |
| Meadow Forest | $1,233 |
| Oak Hill Estates | $1,233 |
| Olde Pecan Plantation | $1,233 |
| Pecan Chase | $1,233 |
| Pecan Hollow | $1,233 |
| Pine Hill Ranchettes | $1,233 |
| Regency Creek Estates | $1,233 |
| Reyes | $1,233 |
| River Forest | $1,233 |
| Rolling Creek | $1,233 |
| Royal Estates | $1,233 |
| Texana Plantation | $1,233 |
| Waterside Estates | $1,233 |
| Westcreek | $1,233 |
| Westheimer Lakes | $1,233 |
| Bayou Estates | $1,110 |
| Belmont | $1,110 |
| Blume | $1,110 |
| Booth | $1,110 |
| Brazos Lakes | $1,110 |
| Brazos Village | $1,110 |
| Breckenridge | $1,110 |
| Bridlewood Estates | $1,110 |
| Canyon Lakes at The Brazos | $1,110 |
| Clairmont Acres | $1,110 |
| Dove Meadows | $1,110 |
| Habitat Division | $1,110 |
| Hartfiel | $1,110 |
| Heritage Heights Acres | $1,110 |
| Pecan Acres | $1,110 |
| Pleak | $1,110 |
| River Mist | $1,110 |
| Riverpark West | $1,110 |
| Riverwood Village | $1,110 |
| Rose Ranch | $1,110 |
| Sanford | $1,110 |
| Sun Ranch | $1,110 |
| Sunrise Meadows | $1,110 |
| Tara Colony | $1,110 |
| The Trails at Seabourne Park | $1,110 |
| Wheaton | $1,110 |
The most affordable neighborhoods in Richmond are Bayou Estates, where the average rent goes for $1,110/month, Belmont, where renters pay $1,110/mo on average, and Blume, where the average rent goes for $1,110/mo. If you’re looking for other great deals, check out the listings from Booth ($1,110), Brazos Lakes ($1,110), and Brazos Village ($1,110), where the asking prices are below the average Richmond rent of $1,183/mo.
The most expensive neighborhoods in Richmond are Twin Oaks Village ($1,241), West Oaks Village ($1,241) and Withers Ridge ($1,241).
The most popular neighborhood in Richmond is Lakemont, where there are 2 verified RENTCafé listings with an average rent of $1,241. Next up is Bradford Park, where apartments go for $1,238/month, followed by Bridlewood Estates with $1,110 If you’re looking to rent in Richmond’s most popular neighborhoods, make sure to also check out Clairmont Acres, where renters pay $1,110 on average, and Riverpark West, where the average monthly rent is $1,110.
Richmond | Rent Comparison by Neighborhood
Rent in Aliana is 12% higher than in Bayou Estates
Aliana rent is 5% higher than Richmond average
| Average Rent | $1,241 |
|---|
Bayou Estates rent is 6% lower than Richmond average
| Average Rent | $1,110 |
|---|
How Richmond Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,110 | n/a |
| Dallas | $1,256 | 1% |
| Austin | $1,388 | -3% |
| San Antonio | $1,055 | 1% |
| Fort Worth | $1,182 | 5% |
| Pasadena | $916 | 4% |
| Katy | $1,274 | n/a |
| Pearland | $1,359 | 1% |
| Missouri City | $1,317 | 4% |
| The Woodlands | $1,493 | 2% |
| Richmond | $1,183 | 5% |
For more information about the Richmond rental trends, check out our monthly rent report
Check out Texas Cities, Texas Neighborhoods and Texas Zip Codes for more details on verified listings, including the Texas Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!