Bedroom count
Property type
Last updated on June 6, 2026
Average rent in
Richmond Colony, Memphis, TN
Average rent in
Last updated on June 6, 2026
Bedroom count
Property type
Median rent
Median rent in Richmond Colony
$1,215/mo
2%vs previous year
The average rent in Richmond Colony is $1,215 per month as of June 2026. This is 38% below the national average rent, or $735 less per month.
average price per square foot
Total rentals
Available rentals in Richmond Colony
23
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Richmond Colony rentals at each price point
Rent trends in Richmond Colony, Memphis, TN
Average rent prices in Richmond Colony have remained the same over the last month and have decreased by 2% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Richmond Colony, Memphis, TN
Rent prices in Richmond Colony vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond Colony is $862, whereas a house costs $1,290. 1-bedroom apartments in Richmond Colony run $790 on average, while 2-bedroom apartments are $825.
Listings | ||||
|---|---|---|---|---|
Studio | $1,400 | - | - | |
1 bedroom | $790 | - | - | |
2 bedroom | $899 | - | - | |
3 bedroom | $1,295 | No Change |  6% | |
4 bedroom | $1,660 | No Change | - |
Listings | ||
|---|---|---|
Alcy Ball | $875 | |
Citizens Against Reckless Endangerment | $1,095 | |
Gardenview | $1,150 | |
Holmes Tulane | $1,305 | |
Mitchell Road | $1,097 | |
Whitehaven View | $1,172 |
Listings | ||||
|---|---|---|---|---|
Apartments | $862 | - | No Change | |
Condos | $995 | - | - | |
Houses | $1,290 | 1% | No Change | |
Rooms | $882 | - | - |
Studio
Average rent
$1,400
1 bedroom
Average rent
$790
2 bedroom
Average rent
$899
3 bedroom
Average rent
$1,295
Last year
6%
4 bedroom
Average rent
$1,660
Alcy Ball
Average rent
$875
Citizens Against Reckless Endangerment
Average rent
$1,095
Gardenview
Average rent
$1,150
Holmes Tulane
Average rent
$1,305
Mitchell Road
Average rent
$1,097
Whitehaven View
Average rent
$1,172
Apartments
Average rent
$862
Condos
Average rent
$995
Houses
Average rent
$1,290
Last 30 days
1%
Rooms
Average rent
$882
The table above reflects average rent prices in Richmond Colony, Memphis, TN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Richmond Colony, Memphis, TN compare to other neighborhoods?
Compare median rent prices in Richmond Colony and Alcy Ball by all bedroom counts and property types.
Richmond Colony
38%lower than the national median
55%lower than the national median
Takeaway
The median rent for all rentals in Richmond Colony, Memphis, TN is 39% higher than the median rent in Alcy Ball, Memphis, TN.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
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Frequently asked questions for Richmond Colony, Memphis, TN
Quick answers to common questions about the Richmond Colony rental market.
How much is rent in Richmond Colony?
The average rent in Richmond Colony is $1,215 per month as of June 4, 2026.
Is rent up or down in Richmond Colony?
Average rent prices in Richmond Colony have remained the same over the last month and have decreased by 2% since last year.
How does Richmond Colony rent compare to the national average?
Rent in Richmond Colony is 38% below the national average, which means renters are paying approximately $735 less per month.
What salary do I need to afford rent in Richmond Colony?
To comfortably afford rent in Richmond Colony, you'd need to earn approximately $49,000/year, based on spending no more than 30% of your income on rent.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).