Rental prices in Riverside, Memphis, Shelby County, TN have increased by 13.12% over the past year. The average rent moved from $1,102 to $1,246.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,740, while the average monthly rent in Riverside, Memphis, Shelby County, TN is $1,246.
The average monthly rent for an apartment in Riverside, Memphis, Shelby County, TN is around $1,246.
A share of 22% of apartments in Riverside, Memphis, Shelby County, TN have the cheapest rents between ≤ $1000. Around 77% of Riverside's apartments have monthly rents between $1,001-$1,500. There are 2% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Riverside, Memphis, Shelby County, TN (77%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Riverside, Memphis, Shelby County, TN is $832.
In Riverside 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 6% of Riverside's apartments are found in large buildings of 50 units or more, 18% are located in smaller apartment complexes with less than 50 units, and 75% are single-family rentals.
In total, Riverside, Memphis, Shelby County, TN has 2,483 residents, 1,359 women and 1,125 men, per U.S. Census recent estimates. Statistics show that the median age of Riverside’s population is 38.9.
There is a total of 972 households in Riverside, Memphis, Shelby County, TN. Of these, 269 have children and 703 are without children. Per Census Bureau’s most current estimates, 580 family households and 392 non-family households live in this area. The size of a household in Riverside is 2.54 people, on average. The median household annual income in Riverside equals $37,496, and the monthly housing costs equal $844.
According to data from the U.S. Census Bureau, 4% of the population in Riverside, Memphis, Shelby County, TN have no high school education, 55% went to high-school, and 22% have partially completed college. Moreover, 6% of the population hold an Associate Degree, 9% hold a Bachelor Degree, and 5% hold a Graduate Degree.
