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Rental Market Trends in Mississippi

$976/month

Average Rent

+2.3%

Increase in the Last Year

+$22

Average Price Increase

Ranked 6th

Least Expensive Rent by State

6,042

Available Rentals

Yazoo City, MS

City with the Lowest Rent

What is the average rent in Mississippi?

As of June 2025, the average rent in Mississippi is $976/month. When you rent an apartment in Mississippi, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $921 per month for a studio, $976 for a one-bedroom apartment, and around $1,133 for a two-bedroom apartment in Mississippi. If you opt for a three-bedroom rental, you could pay $1,346 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$921/month
499 Sq Ft
One Bedroom
$976/month
723 Sq Ft
Two Bedroom
$1,133/month
1,009 Sq Ft
Three Bedroom
$1,346/month
1,283 Sq Ft

Rent by City

Last Updated Today
  • Most Affordable
  • Most Expensive

What are the most affordable cities in Mississippi?

Based on current rent prices, the cheapest cities in Mississippi to live are Yazoo City, Monticello and Petal.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Yazoo City
$407/month
750 Sq Ft
Monticello
$432/month
575 Sq Ft
Petal
$481/month
456 Sq Ft
Rienzi
$482/month
750 Sq Ft
Philadelphia
$505/month
893 Sq Ft
Greenwood
$507/month
706 Sq Ft
Heidelberg
$540/month
735 Sq Ft
Cleveland
$546/month
746 Sq Ft
Lumberton
$590/month
662 Sq Ft
Houston
$592/month
680 Sq Ft

What are the most expensive cities in Mississippi?

Based on current rent prices, the most expensive cities in Mississippi to live are Olive Branch, Hernando and Southaven.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Olive Branch
$1,409/month
809 Sq Ft
Hernando
$1,369/month
746 Sq Ft
Southaven
$1,344/month
802 Sq Ft
D'Iberville
$1,298/month
906 Sq Ft
Brandon
$1,287/month
778 Sq Ft
Flowood
$1,276/month
802 Sq Ft
Horn Lake
$1,216/month
880 Sq Ft
Byram
$1,206/month
911 Sq Ft
Picayune
$1,204/month
687 Sq Ft
Belden
$1,179/month
786 Sq Ft
This information is based on data collected by CoStar Group researchers.†

State

Mississippi

6,042 Available Apartments for Rent

Search for Nearby Apartments

Nearby State Markets


Tennessee
$1,360/mo. avg.
+0.4% YOY
Alabama
$1,045/mo. avg.
+0.5% YOY
Louisiana
$1,050/mo. avg.
+2.4% YOY
Arkansas
$936/mo. avg.
+2.2% YOY

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US Rent Trends Mississippi

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.


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Equal Housing Opportunity