Riverside, Alabama Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Riverside, Alabama rental market.

Riverside, Alabama

Average Apartment Rent

$1,247

Y-o-Y Change in Average
Apartment Rent

12.3%

As of November 2024

Compared to a year ago, Riverside, Alabama apartments have recorded a 12.3% rent increase.

Riverside, Alabama Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Riverside $1,034 $1,043 $1,142 $1,043 $1,094 $1,138 $1,110 $1,163 $1,163 $1,247
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Riverside
National
Nov 2021
$1,034
$1,596
Mar 2022
$1,043
$1,635
Jul 2022
$1,142
$1,708
Nov 2022
$1,043
$1,726
Mar 2023
$1,094
$1,714
Jul 2023
$1,138
$1,739
Nov 2023
$1,110
$1,733
Mar 2024
$1,163
$1,727
Jul 2024
$1,163
$1,752
Nov 2024
$1,247
$1,748

Riverside, Alabama Average Apartment Rent

Riverside, Alabama Housing tenure**

Renter occupied housing units 206
Owner occupied housing units 726

Renters take up 22% of Riverside, Alabama real estate, occupying a total of 206 units, while homeowners live in 726 properties.

Median number of rooms of renter-occupied housing units**

4.2

Renter median household income**

$45,833

Average household size of renter-occupied housing units**

2.83

Riverside, Alabama Renter-occupied housing units by no. of bedrooms**

No bedrooms 7
1 bed 24
2 beds 97
3 beds 78

There are 97 rentals in Riverside, Alabama with 2 beds making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 7 units. Overall, the median number of rooms in Riverside, Alabama homes for rent is 4.2.

Riverside, Alabama Renter-occupied units by age of householder**

15 - 24 years 6
25 - 34 years 46
35 - 44 years 71
45 - 54 years 41
55 - 59 years 33
65 - 74 years 9

Most condos for rent in Riverside, Alabama are occupied by residents in the 35 - 44 years age group (34%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.

Riverside, Alabama Renter-occupied housing units by family type**

Family households 135
Non-Family Households 71

Riverside, Alabama Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 106
No related children of the householder under 18 100

A total of 135 apartments for rent in Riverside, Alabama, or 66% of all rentals are family households. Additionally, 51% of rental homes include children under the age of 18 – that’s 106 units. All in all, the median size of a renter-occupied household in Riverside, Alabama is 2.83.

Riverside, Alabama Renter-occupied housing units by educational attainment**

Less than high school graduate 44
High school graduate (including equivalency) 64
Some college or associate's degree 76
Bachelor's degree or higher 22

In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 21% of the homes for rent in Riverside, Alabama.

Riverside, Alabama Renter-occupied units by year structure built**

Built 2010 - 2019 4
Built 2000 - 2009 35
Built 1990 - 1999 73
Built 1980 - 1989 62
Built 1970 - 1979 27
Built 1960 - 1969 5

The highest share of Riverside, Alabama apartment rentals, namely 35% or 73 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (30%, 62 units), and the ones Built 2000 - 2009 (17%, 35 units).

Riverside, Alabama Renter-occupied units by year householder moved in**

Moved in 2021 or later 7
Moved in 2018 to 2020 30
Moved in 2010 to 2017 131
Moved in 2000 to 2009 38

Median year renter moved into unit 2014

Most Riverside, Alabama renters (64%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Riverside, Alabama condos for rent is 2014.

Riverside, Alabama Renter-occupied housing units by vehicles available**

No vehicle available 22
1 vehicle available 64
2 vehicles available 70
3 or more vehicles available 50

When it comes to transportation options, 34% of Riverside, Alabama renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 24% have 3 or more vehicles available.

Riverside, Alabama Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 245
Car, truck, or van - carpooled 4
Taxicab, motorcycle, bicycle, or other means 7
Worked at home 9

Riverside, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 522
Moved within same county 41
Moved from different county within same state 19

Riverside, Alabama Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Riverside, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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