Rental prices in Riverside, Memphis, Shelby County, TN have decreased by 1.8% over the past year. The average rent moved from $1,092 to $1,072.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,741, while the average monthly rent in Riverside, Memphis, Shelby County, TN is $1,072.
The average monthly rent for an apartment in Riverside, Memphis, Shelby County, TN is around $1,072.
A share of 26% of apartments in Riverside, Memphis, Shelby County, TN have the cheapest rents between ≤ $1000. Around 74% of Riverside's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Riverside, Memphis, Shelby County, TN (74%) 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, 46% of the residents are renting compared to 54% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 6% of Riverside's rentals, 17% are small-scale complexes with under 50 units, and 77% are single-family rentals.
In total, Riverside, Memphis, Shelby County, TN has 2,560 residents, 1,391 women and 1,169 men, per U.S. Census recent estimates. Statistics show that the median age of Riverside’s population is 38.
There is a total of 977 households in Riverside, Memphis, Shelby County, TN. Of these, 274 have children and 704 are without children. Per Census Bureau’s most current estimates, 599 family households and 379 non-family households live in this area. The size of a household in Riverside is 1.99 people, on average. The median household annual income in Riverside equals $36,934, and the monthly housing costs equal $833.
According to data from the U.S. Census Bureau, 4% of the population in Riverside, Memphis, Shelby County, TN have no high school education, 54% went to high-school, and 24% have partially completed college. Moreover, 5% of the population hold an Associate Degree, 8% hold a Bachelor Degree, and 5% hold a Graduate Degree.
