Average Rent in Richmond, TX
15 apartment buildings, 206 units. Daily asking prices with rent history for every building.
Browse apartments in Richmond, TXCheapest
$964/mo
Hanover Lakemont
Properties
15
tracked daily
Units
206
available now
Richmond, TX Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 15 properties in Richmond, TX.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Richmond, TX Rent Prices
All 15 properties ranked by lowest available rent.
Hanover Lakemont
7102 S Mason Rd, Richmond, TX 77407, USA
Marquis Grand Lakes
20900 Farm To Market 1093, Richmond, TX 77407
Allora Bella Terra
12240 Bella Terra Center Way, Richmond, TX 77406, USA
Grandea Lakemont
7115 S Mason Rd, Richmond, TX 77407, USA
Cyan Cinco Ranch Apartments
21650 FM 1093, Richmond, TX 77407, USA
Alleia Long Meadow Farms Apartments
5600 Berkeley Knl Cir, Richmond, TX 77407, USA
Allora District West
22100 Park Westheimer Blvd, Richmond, TX 77407, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Hanover Lakemont 7102 S Mason Rd, Richmond, TX 77407, USA | $964 | $1,394 | $1.42/ft² | 4.8 (105) | 40 |
| 2 | Marquis Grand Lakes 20900 Farm To Market 1093, Richmond, TX 77407 | $966 as of Oct 2 | $1,301 | $1.37/ft² | 3.9 (405) | 9 |
| 3 | Allora Bella Terra 12240 Bella Terra Center Way, Richmond, TX 77406, USA | $977 | $1,413 | $1.48/ft² | 4.5 (676) | 27 |
| 4 | Grandea Lakemont 7115 S Mason Rd, Richmond, TX 77407, USA | $1,031 as of Oct 2 | $1,290 | $1.44/ft² | 4.7 (413) | 35 |
| 5 | Cyan Cinco Ranch Apartments 21650 FM 1093, Richmond, TX 77407, USA | $1,057 | $1,646 | $1.53/ft² | 4.1 (446) | 48 |
| 6 | Alleia Long Meadow Farms Apartments 5600 Berkeley Knl Cir, Richmond, TX 77407, USA | $1,166 | $1,635 | $1.45/ft² | 4.4 (254) | 26 |
| 7 | Allora District West 22100 Park Westheimer Blvd, Richmond, TX 77407, USA | $1,169 | $1,437 | $1.53/ft² | 4.4 (121) | 5 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Hanover Lakemont
4.8 (105)7102 S Mason Rd, Richmond, TX 77407, USA
Marquis Grand Lakes
3.9 (405)20900 Farm To Market 1093, Richmond, TX 77407
Allora Bella Terra
4.5 (676)12240 Bella Terra Center Way, Richmond, TX 77406, USA
Grandea Lakemont
4.7 (413)7115 S Mason Rd, Richmond, TX 77407, USA
Cyan Cinco Ranch Apartments
4.1 (446)21650 FM 1093, Richmond, TX 77407, USA
Alleia Long Meadow Farms Apartments
4.4 (254)5600 Berkeley Knl Cir, Richmond, TX 77407, USA
By Area
Richmond, TX neighborhoods
Tracked buildings across 3 named neighborhoods. Pick one to see its apartments.
Richmond, TX Average Rent Prices 2026
The average rent in Richmond, TX is $1,742 per month, based on 206 units across 15 apartment communities. Prices range from $964 at Hanover Lakemont to $4,664 at Cyan Cinco Ranch Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,186/mo | $1,186/mo | 1 |
| 1 Bed | $1,305/mo | $964/mo | 78 |
| 2 Bed | $1,796/mo | $1,301/mo | 96 |
| 3 Bed | $2,614/mo | $1,853/mo | 28 |
| 4 Bed | $3,450/mo | $3,450/mo | 3 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Richmond, TX apartments earn?
The 5 buildings we can estimate generate about $2.0M in rental revenue per month ($23M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.Cyan Cinco Ranch Apartments | $569K/mo | $1,646 / $1,478 | 89% | 433 |
| 2.Alleia Long Meadow Farms Apartments | $552K/mo | $1,635 / $1,481 | 94% | 399 |
| 3.Grandea Lakemont | $373K/mo | $1,290 / $1,346 | 89% | 312 |
| 4.LightHaven at District West | $235K/mo | 74% | 117 | |
| 5.Ivy Point Richmond | $228K/mo | $1,896 / $1,813 | 93% | 136 |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Richmond, TX, and what they pay
Tracked one-bedroom rent in Richmond, TX averages $1,305/mo, with two-bedroom units averaging $1,796/mo. At the local median household income of $68,564, that works out to 30% of gross income, near the 30 percent affordability ceiling.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Richmond, TX at $1,248/mo. The current tracked market average runs 40% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Richmond, TX while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Houston
Demand in the Houston rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- ExxonMobil
- Texas Medical Center
Mean one-way commute in Richmond, TX is 27 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Richmond, TX?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,742/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($964/mo), you need to earn at least $39,000/year.
Median household income in Richmond, TX is $68,564 , about 18% below the comfortable-living threshold.
Cost of living in Richmond, TX
Overall prices in Richmond, TX matches the national average by about 0% (BEA Regional Price Parity index 99.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Richmond, TX's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,742 |
| Utilities | $457 |
| Groceries | $549 |
| Transportation | $1,089 |
| Healthcare | $531 |
| Other goods and services | $850 |
| Estimated total | $5,219/mo |
Population
12,117
Median household income
$68,564
Census median rent
$1,248/mo
Census rent burden
42.8%
Median age
34.7
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Texas
How Richmond, TX rent compares to other markets in the state.
| City | Avg Rent | vs Richmond, TX | 30-Day Change | Properties |
|---|---|---|---|---|
| Dallas, TX | $1,475 | -15% | -17.2% | 660 |
| Addison, TX | $1,672 | -4% | +4.3% | 363 |
| Austin, TX | $1,618 | -7% | +0.2% | 261 |
| Houston, TX | $1,913 | +10% | -5.1% | 225 |
| Irving, TX | $1,833 | +5% | -14.3% | 114 |
| Arlington, TX | $1,379 | -21% | +2.5% | 65 |
Frequently asked questions
What is the average rent in Richmond, TX?
The average rent in Richmond, TX is $1,742 per month, based on 206 units across 15 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Richmond, TX?
The median asking rent in Richmond, TX is $1,627 per month, computed from 206 live listed units and refreshed daily. The average is $1,742/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Richmond, TX?
The lowest available rent in Richmond, TX starts at $964 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Richmond, TX?
1-bedroom apartments in Richmond, TX average $1,305/mo. The lowest listed 1-bedroom starts at $964/mo across 78 units tracked.
How much is a 2-bedroom apartment in Richmond, TX?
2-bedroom apartments in Richmond, TX average $1,796/mo. Units start from $1,301/mo across 96 units currently listed.
Rent Trends in Richmond, TX
Track how apartment prices are changing over time.
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