Last updated
Average Rent in Richmond, TX & Rent Trends
Rent prices and market trends across 13 apartment communities in Richmond, TX. Updated daily.
Market Average
$1,651/mo
▲ +3.4% from last month
Lowest Available
$964/mo
cheapest unit on market
Communities
13
tracked daily
Units Listed
288
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Richmond, TX
Compare average rent across Richmond, TX neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Richmond 77469 | $2,090 | ▼ $117 | $1,725 | 1 | 9 |
| Bradford Park | $1,679 | ▲ $98 | $964 | 10 | 196 |
| Glenwood | $1,518 | ▼ $41 | $977 | 4 | 90 |
Is Rent Going Up or Down in Richmond, TX?
As of October 2026, the average rent in Richmond, TX is $1,651 per month across 13 apartment communities and 288 available units. Rents have increased $54 (3.4%) over the past month.
The most affordable option is Hanover Lakemont starting at $964/mo. By unit type, a 1-bedroom averages $1,287/mo, a 2-bedroom averages $1,760/mo, a 3-bedroom averages $2,520/mo, a 4-bedroom averages $3,450/mo.
Prices range from $964 to $4,674 per month. The most common price point is the $1,400 range, where 58 units are currently listed.
Richmond, TX Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| April 2026 | $1,493 | - | 7 |
| May 2026 | $1,569 | +$76 | 9 |
| June 2026 | $1,554 | -$15 | 10 |
| July 2026 | $1,545 | -$9 | 12 |
| August 2026 | $1,576 | +$31 | 12 |
| September 2026 | $1,581 | +$5 | 12 |
| October 2026 | $1,633 | +$52 | 13 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Richmond, TX
Rent Prices by Apartment in Richmond, TX
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hanover Lakemont | $964/mo | $1,394/mo | 40 | 4.8 |
| Marquis Grand Lakes | $966/mo | $1,301/mo | 9 | 3.9 |
| Allora Bella Terra | $977/mo | $1,416/mo | 27 | 4.5 |
| Grandea Lakemont | $1,031/mo | $1,290/mo | 35 | 4.7 |
| Cyan Cinco Ranch Apartments | $1,054/mo | $1,664/mo | 48 | 4.1 |
| Alleia Long Meadow Farms Apartments | $1,109/mo | $1,638/mo | 24 | 4.4 |
| Allora District West | $1,169/mo | $1,437/mo | 5 | 4.4 |
Frequently Asked Questions About Rent in Richmond, TX
What is the average rent in Richmond, TX?
Is rent going up or down in Richmond, TX?
What is the cheapest apartment in Richmond, TX?
How much is a 1-bedroom apartment in Richmond, TX?
How many apartments are available in Richmond, TX?
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
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,651/mo.
Comfortable income
$79,000/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 13% 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) | $1,651 |
| Utilities | $457 |
| Groceries | $549 |
| Transportation | $1,089 |
| Healthcare | $531 |
| Other goods and services | $850 |
| Estimated total | $5,128/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.
Google Search Trends for Richmond, TX Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Richmond, TX Apartments
Browse all 13 communities with daily-updated pricing and availability.