Richmond, TX Rental Market Trends
Highlights
The average rent for an apartment in Richmond is $1,150, a 1% increase compared to the previous year, when the average rent was $1,134.
Average Rent in Richmond, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,150 | 1% | 913 sq. ft. |
The average size for a Richmond, TX apartment is 913 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-$7005%
- $701-$1,00025%
- $1,001-$1,50059%
- $1,501-$2,00010%
- > $2,0001%
Richmond, TX Occupied Housing Units
- Renter-occupied Households24%
- Owner-occupied Households75%
897 or 24% of the households in Richmond, TX are renter-occupied while 2,694 or 75% are owner-occupied.
Richmond, TX Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | May / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Richmond, TX | $1,074 | $1,079 | $1,125 | $1,107 | $1,107 | $1,134 | $1,134 | $1,113 | $1,125 | $1,150 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Richmond, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wheaton | $1,069 |
| The Trails at Seabourne Park | $1,069 |
| Tara Colony | $1,069 |
| Sunrise Meadows | $1,069 |
| Sun Ranch | $1,069 |
| Sanford | $1,069 |
| Rose Ranch | $1,069 |
| Riverwood Village | $1,069 |
| Riverpark West | $1,069 |
| River Mist | $1,069 |
| Pleak | $1,069 |
| Pecan Acres | $1,069 |
| Heritage Heights Acres | $1,069 |
| Hartfiel | $1,069 |
| Habitat Division | $1,069 |
| Dove Meadows | $1,069 |
| Clairmont Acres | $1,069 |
| Canyon Lakes at The Brazos | $1,069 |
| Bridlewood Estates | $1,069 |
| Breckenridge | $1,069 |
| Brazos Village | $1,069 |
| Brazos Lakes | $1,069 |
| Booth | $1,069 |
| Blume | $1,069 |
| Belmont | $1,069 |
| Bayou Estates | $1,069 |
| Withers Ridge | $1,191 |
| West Oaks Village | $1,191 |
| Twin Oaks Village | $1,191 |
| Mission Sierra | $1,191 |
| Lakemont | $1,191 |
| Grand Mission Estates | $1,191 |
| Champion Spring | $1,191 |
| Aliana | $1,191 |
| Shiloh Lake Estates | $1,210 |
| Houstonian Golf Club | $1,210 |
| Grand Meadow | $1,210 |
| Bradford Park | $1,210 |
| Westheimer Lakes | $1,243 |
| Westcreek | $1,243 |
| Waterside Estates | $1,243 |
| Texana Plantation | $1,243 |
| Royal Estates | $1,243 |
| Rolling Creek | $1,243 |
| River Forest | $1,243 |
| Reyes | $1,243 |
| Regency Creek Estates | $1,243 |
| Pine Hill Ranchettes | $1,243 |
| Pecan Hollow | $1,243 |
| Pecan Chase | $1,243 |
| Olde Pecan Plantation | $1,243 |
| Oak Hill Estates | $1,243 |
| Meadow Forest | $1,243 |
| Lakes of Bella Terra | $1,243 |
| Hunterwood | $1,243 |
| Heritage Farms | $1,243 |
| Heart Lake Ranch | $1,243 |
| Grand River | $1,243 |
| Goldenrod Estates | $1,243 |
| Foster Crossing | $1,243 |
| Falcon Junction | $1,243 |
| Estates of Brazoswood | $1,243 |
| Edgewood | $1,243 |
| Creek Colony Estates | $1,243 |
| Brynmawr Lake | $1,243 |
| Bella Vista | $1,243 |
The most affordable neighborhoods in Richmond are Bayou Estates, where the average rent goes for $1,069/month, Belmont, where renters pay $1,069/mo on average, and Blume, where the average rent goes for $1,069/mo. If you’re looking for other great deals, check out the listings from Booth ($1,069), Brazos Lakes ($1,069), and Brazos Village ($1,069), where the asking prices are below the average Richmond rent of $1,150/mo.
The most expensive neighborhoods in Richmond are Waterside Estates ($1,243), Westcreek ($1,243) and Westheimer Lakes ($1,243).
The most popular neighborhood in Richmond is Bridlewood Estates, where there are 1 verified RENTCafé listings with an average rent of $1,069. Next up is Grand Meadow, where apartments go for $1,210/month, followed by Lakemont with $1,191 If you’re looking to rent in Richmond’s most popular neighborhoods, make sure to also check out River Mist, where renters pay $1,069 on average, and Riverpark West, where the average monthly rent is $1,069.
Richmond | Rent Comparison by Neighborhood
Rent in Aliana is 11% higher than in Bayou Estates
Aliana rent is 4% higher than Richmond average
| Average Rent | $1,191 |
|---|
Bayou Estates rent is 7% lower than Richmond average
| Average Rent | $1,069 |
|---|
How Richmond Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,118 | 2% |
| Dallas | $1,250 | 4% |
| Austin | $1,439 | 5% |
| San Antonio | $1,049 | 3% |
| Fort Worth | $1,128 | 3% |
| Katy | $1,256 | 1% |
| Pasadena | $887 | 2% |
| Missouri City | $1,257 | n/a |
| Pearland | $1,342 | 4% |
| Stafford | $1,227 | 4% |
| Richmond | $1,150 | 1% |
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!