Richmond, TX Rental Market Trends
Highlights
The average rent for an apartment in Richmond is $1,072, a 2% decrease compared to the previous year, when the average rent was $1,092.
Studio apartments in Richmond rent for $755 a month, while 1-bedroom apartments ask on average $939 a month; the average rent for a 2-bedroom apartment is $1,217.
Average Rent in Richmond, TX
Last updated Oct 2017
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,072 | $755 | $939 | $1,217 | $1,409 |
| Y-o-Y Change | -2% | -10% | -4% | -6% | -9% |
| Average Apartment Size | 925 sq. ft. | 487 sq. ft. | 766 sq. ft. | 1,094 sq. ft. | 1,321 sq. ft. |
The average size for a Richmond apartment is 925 square feet, but this number varies greatly depending on apartment type. A studio averages 487 sq. ft., while a one-bedroom apartment offers a more generous square footage: 766. 2-bedroom apartments in Richmond have an average size of 1,094 sq. ft.
Richmond, TX Apartment Rent Ranges
- $501-$7009%
- $701-$1,00064%
- $1,001-$1,50027%
Richmond, TX Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| October, 2017 | $1,072 | $755 | $939 | $1,217 | $1,409 |
| Jan / 2017 | $1,021 | $778 | $959 | $1,180 | $1,450 |
| Sept / 2016 | $1,105 | $710 | $979 | $1,275 | $1,484 |
| May / 2016 | $1,092 | $841 | $983 | $1,297 | $1,552 |
| Jan / 2016 | $1,058 | $874 | $969 | $1,253 | $1,491 |
| Sept / 2015 | $1,064 | $798 | $967 | $1,263 | $1,502 |
| May / 2015 | $1,064 | $790 | $1,000 | $1,255 | $1,491 |
| Jan / 2015 | $1,016 | $678 | $930 | $1,211 | $1,468 |
| Sept / 2014 | $1,026 | $662 | $944 | $1,196 | $1,361 |
| May / 2014 | $993 | $650 | $910 | $1,145 | $1,339 |
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How Does Richmond Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,072 | -2% |
| Missouri City | $1,232 | -3% |
| Sugar Land | $1,232 | -3% |
| Rosenberg | $913 | -3% |
| Cinco Ranch | $1,155 | -4% |
| Mission Bend | $810 | -1% |
| Stafford | $1,119 | 0% |
| Pecan Grove | $1,179 | -1% |
| Cumings | $913 | -3% |
For more information about the Richmond rental trends, check out our monthly rent report
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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Richmond apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.