Riverside, Memphis, Shelby County, TN Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Riverside is $1,072, a 1.8% decrease compared to the previous year, when the average rent was $1,092.
One-bedroom apartments provide 607 square feet for $744, balancing privacy and affordability.
Average rent in Riverside, Memphis, Shelby County, TN
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,072 | 836 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $744 | 607 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Riverside, Memphis, Shelby County, TN rent trends
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.
What's the typical rent budget in Riverside, Memphis, Shelby County, TN?
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.
Do most people rent or own in Riverside, Memphis, Shelby County, TN?
446 or 46% of the households in Riverside, Memphis, Shelby County, TN are renter-occupied while 532 or 54% are owner-occupied.
Most affordable neighborhoods in Riverside?
University Area $708/month
Orange Mound $728/month
Frayser $760/month
All of these neighborhoods fall below the city wide average of $1,134/month.Most expensive neighborhoods in Riverside?
Mud Island $1,535/month
Binghampton $1,551/month
Normal Station $1,649/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Memphis, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Normal Station | $1,649 |
| Binghampton | $1,551 |
| Mud Island | $1,535 |
| Central Gardens | $1,515 |
| South Riverdale | $1,503 |
| Windyke - Southwind | $1,465 |
| Chickasaw Gardens | $1,464 |
| Med District | $1,424 |
| Downtown Memphis | $1,405 |
| River Oaks | $1,380 |
| Brennan | $1,365 |
| Uptown Memphis | $1,363 |
| Cordova | $1,321 |
| Lenox | $1,187 |
| Midtown Memphis | $1,159 |
| New Chicago | $1,157 |
| Bal - Moral | $1,135 |
| Riverside | $1,072 |
| Shelby Farms Park | $1,045 |
| Colonial | $1,035 |
| Hickory Hill | $1,024 |
| Galloway | $1,013 |
| Southside Memphis | $978 |
| Meadow Brook | $975 |
| Sherwood Forest | $932 |
| Fox Meadows | $929 |
| Raleigh | $914 |
| Oakville | $912 |
| O'brien | $895 |
| Berclair | $892 |
| Parkway Village | $891 |
| Chickasaw Oaks | $835 |
| Whitehaven | $813 |
| Oakhaven | $799 |
| Alcy - Dunn | $780 |
| Bethel Grove | $776 |
| Frayser | $760 |
| Orange Mound | $728 |
| University Area | $708 |
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Memphis | Rent Comparison by Neighborhood
Rent in Riverside is 37% higher than in Alcy - Dunn
$1,072
Riverside rent is the same as Memphis average
Average Rent
$1,072
$780
Alcy - Dunn rent is 27% lower than Memphis average
Average Rent
$780
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Riverside apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.