How much does it cost to rent in Richmond, TX?

As of July 2026, the median monthly rent in Richmond, TX is $1,788. This figure is based on aggregated data from public sources and community-submitted rents.

Is Richmond cheaper than other Texas cities?

Richmond falls in the middle range for Texas, ranking #92 out of 269 cities at $1,788/mo.

When was Richmond rent data last updated?

Richmond rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · TX

Richmond

Name: Average Rent Prices in Richmond, TX
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 12,582·92nd most expensive in Texas·Rental market data updated monthly for Richmond, TX

Median rent (all units)

$1,788/mo

Year-over-Year

+3.8%

Month-over-Month

+2.5%

vs US Median

-$177

Rising (Monthly)

Be the first to discuss Richmond rents ↓

Most AffordableMost Expensive

Richmond · $1,788

More affordable than 55% of US cities · National median $1,965/mo

Rent Reality Score

57/100

Fairly priced

OverheatedFairGreat value

Rents are 3% below what Richmond's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,788/mo

Expected by trend

$1,849/mo

The Rent Reality Score compares today's median rent to where Richmond's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,630

1 BR

$1,705

2 BR

$2,035

3 BR

$2,710

4 BR+

$3,415

Research median

$2,035/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$21,456/yr

At $1,788/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.8% YoY, +2.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Richmond, TX is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 18.9% of residents hold a bachelor's degree or higher.

Population

12,582

Median income

$50,337

Median age

36.6

Renters

46.5%

Age distribution

15.3%

33.3%

22.1%

12.6%

16.7%

Under 1815.3%

18–3433.3%

35–5422.1%

55–6412.6%

65+16.7%

Gender

52.9%

47.1%

Male52.9%

Female47.1%

Race & ethnicity

32.5%

23.1%

49%

White32.5%

Black23.1%

Hispanic49%

Asian4.6%

Education (25+)

23.8%

24.8%

32.4%

18.9%

No HS diploma23.8%

HS diploma24.8%

Some college32.4%

Bachelor's+18.9%

Housing tenure

53.5%

46.5%

Owner53.5%

Renter46.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Richmond, TX has changed in 5 years

Rent

$1,439 → $1,788

up 24.3%

Income

$52,589 → $50,337

down 4.3%

Population

11,768 → 12,582

up 6.9%

Renter share

40.3% → 46.5%

+6.2 pts

Bachelor's+

18% → 18.9%

+0.9 pts

Median age

33.7 → 36.6

+2.9 yrs

Compared with 2021, rent in Richmond, TX has increased by $349 per month, settling near $1,788 after starting the period at $1,439. Local incomes tracked alongside that move, going from a median of $52,589 in 2021 to $50,337 more recently. Rent outpaced income growth by roughly 28.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 11,768 to 12,582 between 2021 and 2024, a 6.9% change. About 46.5% of households rent today, against 40.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Richmond, TX market of 2021.

Community

Discussions about Richmond

No discussions yet. Start the conversation.

View Richmond rent history (2015–2026) →

Salary vs rent

Can you afford rent in Richmond on your salary?

At $1,788/mo, how Richmond rent compares to typical pay (30% rule).

Registered Nurse

Avg $93,535/yr · Rent = 22.9% income

affordable

Elementary School Teacher

Avg $66,409/yr · Rent = 32.3% income

stretched

Police Officer

Avg $76,497/yr · Rent = 28% income

affordable

Software Developer

Avg $136,729/yr · Rent = 15.7% income

very comfortable

Lawyer

Avg $174,705/yr · Rent = 12.3% income

very comfortable

Firefighter

Avg $62,182/yr · Rent = 34.5% income

stretched

Truck Driver

Avg $56,143/yr · Rent = 38.2% income

stretched

Electrician

Avg $69,201/yr · Rent = 31% income

stretched

By apartment size

Richmond rent by bedroom count

Median rent for each apartment size in Richmond. Click any size for full breakdown.

Local insights

Tips for renters in Richmond

About renting in Richmond, TX

Last updated: July 20, 2026

The median rent in Richmond is $1,788/mo as of July 2026. A studio apartment averages $1,630/mo while a 2-bedroom runs $2,035/mo. One-bedroom apartments average $1,705/mo and 3-bedroom units go for $2,710/mo.

At 43% of local median household income ($50,337/yr), Richmond ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

Is Richmond an affordable city for renters?

Richmond is considered stretched for renters. At $1,788/mo, rent takes approximately 43% of the local median household income ($50,337/yr). The standard benchmark is 30%. Richmond significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Richmond?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,788/mo in Richmond. The local median household income is $50,337/yr, meaning the typical Richmond household falls short of that threshold.

Is rent going up or down in Richmond?

Rent in Richmond has increased 3.8% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Richmond neighborhoods have the lowest rent?

The most affordable ZIP codes in Richmond are 77407 ($1,656/mo), and 77406 ($1,867/mo). Citywide, the median rent in Richmond is $1,788/mo.

How does Richmond rent compare to other cities in Texas?

Richmond is middle-of-the-pack for Texas for rent, ranking #92 out of 269 tracked cities at $1,788/mo.

Which nearby cities are cheaper to rent in than Richmond?

Pecan Grove is nearby and more affordable at $1,648/mo, which is $140 less than Richmond.

What percentage of Richmond residents rent vs. own?

According to Census data, approximately 46.5% of Richmond households are renters, while 53.5% are owner-occupied. Richmond leans toward homeownership, which can mean a smaller rental inventory.