Riverside, Memphis, Shelby County, TN Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Riverside is $1,239, a 12.16% increase compared to the previous year, when the average rent was $1,105.
Average rent in Riverside, Memphis, Shelby County, TN
Last updated: June 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,239 | 819 sq. ft. |
Riverside, Memphis, Shelby County, TN rent trends
Rental prices in Riverside, Memphis, Shelby County, TN have increased by 12.16% over the past year. The average rent moved from $1,105 to $1,239.
What's the typical rent budget in Riverside, Memphis, Shelby County, TN?
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.
Do most people rent or own in Riverside, Memphis, Shelby County, TN?
430 or 44% of the households in Riverside, Memphis, Shelby County, TN are renter-occupied while 542 or 56% are owner-occupied.
Most affordable neighborhoods in Riverside?
University Area $719/month
Orange Mound $753/month
Chickasaw Oaks $763/month
All of these neighborhoods fall below the city wide average of $1,143/month.Most expensive neighborhoods in Riverside?
Binghampton $1,537/month
Mud Island $1,544/month
Normal Station $1,665/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 | $1,665 |
| Mud Island | $1,544 |
| Binghampton | $1,537 |
| South Riverdale | $1,504 |
| Chickasaw Gardens | $1,472 |
| Central Gardens | $1,466 |
| Windyke - Southwind | $1,458 |
| Med District | $1,442 |
| River Oaks | $1,440 |
| Downtown Memphis | $1,411 |
| Brennan | $1,402 |
| Uptown Memphis | $1,389 |
| Cordova | $1,334 |
| Bal - Moral | $1,158 |
| Midtown Memphis | $1,150 |
| New Chicago | $1,116 |
| Shelby Farms Park | $1,088 |
| Galloway | $1,057 |
| Hickory Hill | $1,019 |
| Colonial | $1,007 |
| Meadow Brook | $952 |
| Fox Meadows | $941 |
| O'brien | $938 |
| Southside Memphis | $929 |
| Sherwood Forest | $921 |
| Parkway Village | $914 |
| Raleigh | $885 |
| Berclair | $876 |
| Bethel Grove | $844 |
| Whitehaven | $826 |
| Oakhaven | $803 |
| Frayser | $765 |
| Chickasaw Oaks | $763 |
| Orange Mound | $753 |
| University Area | $719 |
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Memphis | Rent Comparison by Neighborhood
Rent in Bal - Moral is 32% higher than in Berclair
$1,158
Bal - Moral rent is 7% lower than Memphis average
Average Rent
$1,158
$876
Berclair rent is 29% lower than Memphis average
Average Rent
$876
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.