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Riverside houses for rent - Memphis, TN

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Average Rent in Memphis, TN

Avg. RentAnnual Change
Memphis Studio - $1,213-7%
Memphis 1 Bed - $9900%
Memphis 2 Beds - $1,082-2%
Last updated 6/22/2024

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Local Guide

See what Memphis, TN has to offer.

Local Reviews

I like the fact that older people are apart of this community and have lived here for a longtime to see what's going on

I like the idea that I raised my children here and they went to neighborhood hood school. The neighbors are friendly and most have been here for years.

nice houses and very fun and entertaining things t to do as well and very fine as well with no issues alo.

I like that it is very quiet. There is rarely any drama, parties, etc. My favorite place to go would be McDonalds to eat.

I liked the kids that use to live around me. We use to always try to be outside to literally do anything.

Demographics

Education

High School

62%

Associate's

31%

Bachelor's

5%

Master's

2%

Doctorate

0%

Family Size

2 people

35%

3 people

22%

4 people

19%

5 people

10%

6+ people

13%

Household Income

0-50k

82%

50-100k

13%

100-150k

4%

150-200k

1%

200k+

0%

Age

0-10

15%

10-20

8%

20-45

32%

45-65

27%

65+

19%

Rent Trends

Average rent in Riverside, Memphis, TN

In Memphis, TN, as of 2024, the average rent for apartments ranges from $990 to $1,213. Specifically, the average rent for a studio apartment in Riverside, Memphis, TN is $1,213. For those seeking a 1-bedroom apartments, the average rent is $990. And for a 2-bedroom apartment, renters can expect to pay an average of $1,082.

Annual Rent Change Over the Past 12 Months

Studio

-7%

Changed from $1,304 to $1,213
1 Bed

0%

Changed from $990 to $990
2 Beds

-2%

Changed from $1,104 to $1,082
Last updated 6/22/2024

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in Riverside, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. Riverside, Memphis, TN housing is 17.3% less expensive than the U.S average, while utilities are about 12.6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.2% less in Riverside, Memphis, TN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 13.6% less here compared to the U.S. average.
Cost of Living in Riverside, Memphis, TNCompared to State AverageCompared to National Average
Housing
1%
17.3%
Utilities
2.6%
12.6%
Food
1.1%
0.2%
Transportation
0.6%
11%
Healthcare
1.4%
13.6%

Compare Other Cities

City1 Bed Avg RentAnnual Change
Germantown$1,554+4%
Collierville$1,484-1%
Lakeland$1,450+8%
Cordova$1,388+21%
Horn Lake$1,386+4%
Southaven$1,321+1%
Olive Branch$1,210-27%
Atoka$1,130+4%
Walls$1,0700%
Marion$1,062+6%
Memphis$9900%
Millington$675-13%
City2 Beds Avg RentAnnual Change
Olive Branch$1,900-3%
Germantown$1,884+13%
Cordova$1,725+22%
Collierville$1,719+1%
Lakeland$1,701-13%
Arlington$1,5690%
Horn Lake$1,532+3%
Southaven$1,436-1%
Atoka$1,225+5%
Munford$1,210--
Marion$1,180+4%
Walls$1,175-2%
Millington$1,087+40%
Memphis$1,082-2%

Compare Neighborhoods

North Parkway Village

$550

1 Bed Avg. Rent

Autumn Ridge

$717

1 Bed Avg. Rent

Southeast Memphis

$728

1 Bed Avg. Rent

What are the most affordable neighborhoods in Memphis, TN?

For renters in Memphis seeking more affordable options, the neighborhoods to watch are North Parkway Village, Autumn Ridge, and Southeast Memphis, where average rents for 1-bedroom apartments stand at $550, $717, and $728 respectively. Additional areas offering value are Colonial Willow and Raleigh, where the rents are $745 and $760, a favorable comparison to Memphis's overall 1-bedroom average of $990.

What are the most expensive neighborhoods in Memphis, TN?

In Memphis, the neighborhoods commanding the highest rents are Mud Island, East Central Shelby, and Gray's Creek. A 1-bedroom apartment in Mud Island averages at $2,225, in East Central Shelby it averages $1,654, and in Gray's Creek, the average is $1,654. For additional high-end living options, Southwind offers 1-bedroom apartments at $1,624, and Countrywood at $1,545. These rates compare to the overall average rent of $990 for a 1-bedroom apartment in Memphis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Memphis, TN?

In Memphis, the most sought-after neighborhoods for renters include High Point Terrace, Binghampton, and Normal Station. In High Point Terrace, the average rent for a 1-bedroom apartment is $1,250. Binghampton sees average rents of $839 for a 1-bedroom unit. Normal Station offers similar appeal with 1-bedroom apartments averaging $800. For those seeking other popular areas, UDistrict presents 1-bedroom apartments at $839, and Evergreen Historic District at $900. These prices are set against the backdrop of the city-wide average of $990 for a 1-bedroom apartment in Memphis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Memphis$1,859-9%
Southwind$1,554-2%
Downtown$1,260-2%
Central Gardens$1,0500%
Midtown$975-8%
Voillintine - Evergreen$975--
Parkway Village$825-50%
Hickory Hill$825-50%
Evergreen Historic District$800--
Uptown$7600%
Neighborhood1 Bed Avg RentAnnual Change
East Central Shelby$1,654-2%
Gray's Creek$1,654-2%
Southwind$1,624-2%
Countrywood$1,545+30%
Richwood$1,3090%
High Point Terrace$1,250--
Midtown$1,224-4%
Downtown$1,203-5%
Frayser$1,125+42%
Rangeline$1,125+42%
Voillintine - Evergreen$1,075--
Central Gardens$985-18%
Uptown$975+13%
Evergreen Historic District$900+1%
Hickory Hill$897+3%
Parkway Village$890+4%
North Memphis$875--
UDistrict$839-9%
Binghampton$839--
East Memphis$835-23%
Fox Meadows$830+19%
Whitehaven$819+20%
Normal Station$800-16%
Raleigh$760+3%
Colonial Willow$745+19%
Southeast Memphis$728-1%
Autumn Ridge$7170%
North Parkway Village$550-15%
Neighborhood2 Beds Avg RentAnnual Change
Southwind$1,8220%
East Central Shelby$1,741-10%
Gray's Creek$1,741-10%
Walnut Grove$1,700--
Countrywood$1,635+21%
Richwood$1,5190%
Central Gardens$1,500-2%
Midtown$1,350-8%
Voillintine - Evergreen$1,350--
Downtown$1,2600%
Bridgewater$1,250--
Uptown$1,195+5%
High Point Terrace$1,175+2%
Annesdale Park$1,095-22%
Hickory Hill$1,047+1%
Parkway Village$1,010+7%
UDistrict$1,0020%
Binghampton$1,002--
Fox Meadows$999+12%
Whitehaven$979+16%
Normal Station$975+23%
Frayser$960+21%
Rangeline$960+21%
Southeast Memphis$952+16%
Raleigh$950+15%
Northeast Memphis$895--
Evergreen Historic District$895-55%
Autumn Ridge$8720%
East Memphis$845-11%
Colonial Willow$845+17%
Berclair$825--
South Memphis$745+62%
North Parkway Village$665-11%
North Memphis$6250%

Transportation

Commute Time

0-15 Mins

22%

15-30 Mins

46%

30-40 Mins

17%

40-60 Mins

6%

60+ Mins

9%

Transportation Scores

Percentage: 2525

Walk Score®

Has Sidewalks

Yes

Say 4 of 5 renters

Percentage: 3636

Bike Score®

Bike Friendly

Yes

Say 3 of 5 renters

Area Amenities

Top Score

Nightlife

3.5/5 stars based on undefined reviews

The perfect place to paint the town red.

  1. Few bars and clubs per resident
  2. An average number of bars and clubs
  3. A standard number of bars and clubs compared to areas of a similar size

Retail Shops

3.5/5 stars based on undefined reviews

You can shop till you drop in Riverside Memphis.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

3.5/5 stars based on undefined reviews

Looking good! Riverside Memphis scores high for health and fitness.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Amusement Parks

3.5/5 stars based on undefined reviews

No spin here - Riverside Memphis boasts a good number of amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to areas of a similar size

Childcare

3/5 stars based on undefined reviews

Riverside Memphis earns a gold star for childcare.

  1. A high number of daycares per resident
  2. 20% more daycares than average
  3. 27% more daycares than areas of a similar size

Pet Services

3/5 stars based on undefined reviews

It's pawsible that your pets will fall in love with Riverside Memphis.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. A standard number of pet facilities compared to areas of a similar size

Medical Care

3/5 stars based on undefined reviews

More of a gem than germ, this Riverside Memphis is not too bad for medical care.

  1. Few medical facilities per resident
  2. An average number of medical facilities
  3. A standard number of medical facilities compared to areas of a similar size

Gas Stations

3/5 stars based on undefined reviews

Bumper sticker city. This place is good for filling up.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. Riverside Memphis gets an average rating.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Restaurants

2/5 stars based on undefined reviews

Riverside Memphis serves up a dining scene that's only lukewarm.

  1. Few restaurants per resident
  2. An average number of restaurants
  3. A standard number of restaurants compared to areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in Riverside Memphis.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Coffee

1.5/5 stars based on undefined reviews

Stock up on your home beans, because this place is out of brew.

  1. Few coffee shops per resident
  2. An average number of coffee shops
  3. A standard number of coffee shops compared to areas of a similar size

Area Features

Noise Late At Night

No

Say 5 of 5 renters

Area Has Litter

No

Say 5 of 5 renters

Good Place To Raise A Family

Yes

Say 4 of 5 renters

Busy Streets

No

Say 3 of 5 renters

Near Schools

Yes

Say 3 of 5 renters

Area Has Kids Play Outside

No

Say 3 of 5 renters

Mostly Older Buildings

Yes

Say 3 of 5 renters

Pet Friendly

No

Say 3 of 5 renters

Area Has Potholes

Yes

Say 3 of 5 renters

Safe For Families

No

Say 3 of 5 renters

Maintained Yards

No

Say 3 of 5 renters

Mostly Newer Buildings

No

Say 4 of 5 renters

Near Grocery Stores

No

Say 4 of 5 renters

Near Highways

No

Say 4 of 5 renters

Quiet Area

No

Say 4 of 5 renters

Well Lit

No

Say 4 of 5 renters

Near Downtown

No

Say 5 of 5 renters

Nearby Parks

No

Say 5 of 5 renters

Nice Views

No

Say 5 of 5 renters

Tree Lined Streets

No

Say 5 of 5 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Riverside Memphis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Memphis, TN 3.8 miles$990$1,082
Southaven, MS 8.2 miles$1,321$1,436
Olive Branch, MS 16.5 miles$1,210$1,900
Bartlett, TN 13.3 miles------
Cordova, TN 17.1 miles$1,388$1,725
Horn Lake, MS 10.1 miles$1,386$1,532
West Memphis, AR 7.3 miles------
Marion, AR 10.8 miles$1,062$1,180
Millington, TN 19.5 miles$675$1,087
Germantown, TN 14.7 miles$1,554$1,884

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
South Memphis 1.1 miles---$745