Richmond, TX Rental Market Trends

Highlights

The average rent for an apartment in Richmond is $1,107, a 3% increase compared to the previous year, when the average rent was $1,079.

Studio apartments in Richmond rent for $736 a month, while 1-bedroom apartments ask on average $958 a month; the average rent for a 2-bedroom apartment is $1,260.

Average Rent in Richmond, TX

Last updated Sep 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,107 $736 $958 $1,260 $1,464
Y-o-Y Change 3% 10% 2% 3% 4%
Average Apartment Size 921 sq. ft. 487 sq. ft. 761 sq. ft. 1,095 sq. ft. 1,321 sq. ft.

The average size for a Richmond apartment is 921 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: 761. 2-bedroom apartments in Richmond have an average size of 1,095 sq. ft.

Richmond, TX Apartment Rent Ranges

  • $501-$7008%
  • $701-$1,00057%
  • $1,001-$1,50034%

Richmond, TX Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Sep / 2018 $1,107 $736 $958 $1,260 $1,464
Jan / 2018 $1,107 $736 $958 $1,260 $1,464
Sept / 2017 $1,125 $734 $973 $1,278 $1,480
May / 2017 $1,079 $670 $937 $1,224 $1,407
Jan / 2017 $1,074 $685 $944 $1,197 $1,429
Sept / 2016 $1,122 $635 $981 $1,267 $1,460
May / 2016 $1,123 $722 $981 $1,267 $1,454
Jan / 2016 $1,104 $731 $965 $1,242 $1,438
Sept / 2015 $1,113 $690 $962 $1,268 $1,469
May / 2015 $1,109 $685 $982 $1,238 $1,437
/

Average Rent in Richmond, TX By Neighborhood

Bayou Estates
$1,028
Belmont
$1,028
Blume
$1,028
Booth
$1,028
Brazos Lakes
$1,028
Brazos Village
$1,028
Breckenridge
$1,028
Bridlewood Estates
$1,028
Canyon Lakes at The Brazos
$1,028
Clairmont Acres
$1,028
Dove Meadows
$1,028
Habitat Division
$1,028
Hartfiel
$1,028
Heritage Heights Acres
$1,028
Pecan Acres
$1,028
Pleak
$1,028
River Mist
$1,028
Riverpark West
$1,028
Riverwood Village
$1,028
Rose Ranch
$1,028
Sanford
$1,028
Sun Ranch
$1,028
Sunrise Meadows
$1,028
Tara Colony
$1,028
The Trails at Seabourne Park
$1,028
Wheaton
$1,028
/
/

The most affordable neighborhoods in Richmond are Bayou Estates, where the average rent goes for $1,028/month, Belmont, where renters pay $1,028/mo on average, and Blume, where the average rent goes for $1,028/mo. If you’re looking for other great deals, check out the listings from Booth ($1,028), Brazos Lakes ($1,028), and Brazos Village ($1,028), where the asking prices are below the average Richmond rent of $1,107/mo.

The most expensive neighborhoods in Richmond are Tara Colony ($1,028), The Trails at Seabourne Park ($1,028) and Wheaton ($1,028).

Richmond | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bayou Estates is the same as in Belmont

$1,028

Bayou Estates rent is 7% lower than Richmond average

All rentals $1,028
Studio $736
1 Bed $918
2 Beds $1,126
3 Beds $1,278
$1,028

Belmont rent is 7% lower than Richmond average

All rentals $1,028
Studio $736
1 Bed $918
2 Beds $1,126
3 Beds $1,278

How Does Richmond Compare to Nearby Cities

Average Rent Y-o-Y Change
Richmond $1,107 3%
Missouri City $1,294 2%
Sugar Land $1,327 6%
Stafford $1,168 3%
Cinco Ranch $1,276 6%
Mission Bend $823 -1%
Pecan Grove $1,236 2%
Rosenberg $994 2%
Fifth Street $1,168 3%

For more information about the Richmond rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

View more properties
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.

Other Cities