What is the average apartment size in Riverside, Memphis, Shelby County, TN?

The average size for a Riverside, Memphis, Shelby County, TN apartment is 836 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Riverside?

As of Oct / 2025, the average rent in Riverside is $1,086 per month, a 4.81% decrease from last year’s average of $1,141.

What is the average apartment size in Riverside?

The typical apartment in Riverside offers about 836 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Riverside, Memphis, Shelby County, TN Rental Market Trends

Q: What's the typical rent budget in Riverside?

The typical rent budget in Riverside ranges from $1,001 to $1,500 per month, with 74% of rentals in this range.

Q: Do most people rent or own in Riverside?

In Riverside, 46% of households rent while 54% own their homes, based on the latest U.S. Census data.

Last updated: November 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Riverside is $1,086, a 4.81% decrease compared to the previous year, when the average rent was $1,141.

One-bedroom apartments provide 607 square feet for $750, balancing privacy and affordability.

Average rent in Riverside, Memphis, Shelby County, TN

Last updated: November 20, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,086	836 sq. ft.
Studio	n/a	n/a
1 Bed	$750	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 4.81% over the past year. The average rent moved from $1,141 to $1,086.

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?

7,617 or 46% of the households in Riverside, Memphis, Shelby County, TN are renter-occupied while 9,089 or 54% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Riverside?

University Area $719/month

Orange Mound $732/month

Frayser $766/month

All of these neighborhoods fall below the city wide average of $1,135/month.

Most expensive neighborhoods in Riverside?

Binghampton $1,514/month

Uptown Memphis $1,570/month

Mud Island $1,603/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Memphis, TN By Neighborhood

Neighborhood	Average Rent
Mud Island	$1,603
Uptown Memphis	$1,570
Binghampton	$1,514
Central Gardens	$1,510
South Riverdale	$1,494
Chickasaw Gardens	$1,471
Med District	$1,411
Windyke - Southwind	$1,409
Downtown Memphis	$1,395
Brennan	$1,385
River Oaks	$1,372
Cordova	$1,301
Lenox	$1,250
Normal Station	$1,213
New Chicago	$1,169
Midtown Memphis	$1,161
Bal - Moral	$1,154
Shelby Farms Park	$1,136
Colonial	$1,047
Hickory Hill	$1,033
Galloway	$1,029
Meadow Brook	$989
Southside Memphis	$986
Berclair	$939
Fox Meadows	$936
Raleigh	$915
O'brien	$908
Parkway Village	$906
Chickasaw Oaks	$848
Whitehaven	$818
Bethel Grove	$784
Oakhaven	$778
Frayser	$766
Orange Mound	$732
University Area	$719

Memphis | Rent Comparison by Neighborhood

Rent in Bal - Moral is 23% higher than in Berclair

$1,154

Bal - Moral rent is 6% higher than Memphis average

Average Rent $1,154

$939

Berclair rent is 14% lower than Memphis average

Average Rent $939

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.