130 Apartments under 800 for rent in Richmond, TX

Last updated November 20 at 1:06am UTC
Results within 5 miles of Richmond, TX
Bayou Bend Apartments
2901 Airport Ave
Rosenberg, TX
Updated November 19 at 8:34pm UTC
1 Bedroom
$785
2 Bedrooms
$955
Results within 10 miles of Richmond, TX
The Ranch at Shadow Lake
2920 Shadowbriar Dr
Houston, TX
Updated November 20 at 1:05am UTC
1 Bedroom
$753
2 Bedrooms
$1,223
3 Bedrooms
$1,605
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November 2017 Richmond Rent Report

Welcome to the November 2017 Richmond Rent Report. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the metro, state, and nation.

View full Richmond Rent Report
Rent Report
Richmond

November 2017 Richmond Rent Report

Welcome to the November 2017 Richmond Rent Report. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the metro, state, and nation.

Richmond rents increase sharply over the past month

Richmond rents have increased 1.4% over the past month, and are up moderately by 3.2% in comparison to the same time last year. Currently, median rents in Richmond stand at $990 for a one-bedroom apartment and $1,210 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in July. Richmond's year-over-year rent growth leads the state average of 2.0%, as well as the national average of 2.7%.

Rents rising across the Houston Metro

Throughout the past year, rent increases have been occurring not just in the city of Richmond, but across the entire metro. Of the largest 10 cities that we have data for in the Houston metro, 6 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Sugar Land has the most expensive rents in the Houston metro, with a two-bedroom median of $1,580; however, the city has also seen rents fall by 0.9% over the past month, the biggest drop in the metro.
  • Galveston has seen the fastest rent growth in the metro, with a year-over-year increase of 7.5%. The median two-bedroom there costs $1,130, while one-bedrooms go for $920.
  • Pasadena has the least expensive rents in the Houston metro, with a two-bedroom median of $980; rents were up 0.7% over the past month but fell 0.3% over the past year.

Richmond rents more affordable than many large cities nationwide

As rents have increased moderately in Richmond, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Richmond is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Texas as a whole logging rent growth of 2.0% over the past year. For example, rents have grown by 2.6% in Dallas, 1.8% in San Antonio, and 0.9% in Austin.
  • Richmond's median two-bedroom rent of $1,210 is slightly above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.2% rise in Richmond.
  • While Richmond's rents rose moderately over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • Renters will find more reasonable prices in Richmond than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Richmond.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Houston $820 $1,010 1.2% 0.0%
Pasadena $800 $980 0.7% -0.3%
Pearland $1,080 $1,320 -0.3% 0.1%
League City $1,220 $1,490 1.3% 2.6%
Sugar Land $1,290 $1,580 -0.9% 0.2%
Baytown $850 $1,040 -0.0% 5.4%
Conroe $860 $1,050 0.6% -1.2%
Spring $1,090 $1,340 0.8% -1.1%
Galveston $920 $1,130 0.4% 7.5%
Stafford $980 $1,200 2.1% -0.5%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.