Richmond, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Richmond, Texas rental market.
Richmond, Texas
Average Apartment Rent
$1,544
Y-o-Y Change in Average
Apartment Rent
-0.3%
As of May 2026
Compared to a year ago, Richmond, Texas apartments have recorded a -0.3% rent decrease.
Richmond, Texas Average apartment rent trend
Richmond, Texas Average Apartment Rent
Richmond, Texas Apartment rent ranges
At 47.33%, apartments priced $1,000 - $1,500 represent the bulk of Richmond, Texas rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.22%.
Richmond, Texas Housing tenure**
Renters take up 45% of Richmond, Texas real estate, occupying a total of 1,948 units, while homeowners live in 2,411 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$28,598
Average household size of renter-occupied housing units**
1.97
Rental vacancy rate**
4.3%
Richmond, Texas Renter-occupied housing units by no. of bedrooms**
There are 772 rentals in Richmond, Texas with 2 beds making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 30 units. Overall, the median number of rooms in Richmond, Texas homes for rent is 3.4.
Richmond, Texas Renter-occupied units by age of householder**
Most condos for rent in Richmond, Texas are occupied by residents in the 25 - 34 years age group (50%), followed by those in the 45 - 54 years age group (12%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Richmond, Texas Renter-occupied housing units by family type**
Richmond, Texas Renter-occupied housing units by the presence of own children**
A total of 572 apartments for rent in Richmond, Texas, or 29% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 458 units. All in all, the median size of a renter-occupied household in Richmond, Texas is 1.97.
Richmond, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Richmond, Texas.
Richmond, Texas Renter-occupied units by year structure built**
The highest share of Richmond, Texas apartment rentals, namely 25% or 491 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (25%, 490 units), and the ones Built 1960 - 1969 (15%, 294 units).
Richmond, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Richmond, Texas renters (41%) moved in 2010 to 2017, while only 5% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Richmond, Texas condos for rent is 2017.
Richmond, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 65% of Richmond, Texas renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 8% have No vehicle available.
Richmond, Texas Means of transportation to work of householders living in renter-occupied housing units**
Richmond, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
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, Texas 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.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
