Mississippi renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Mississippi is about $995 per month. This puts it in the 13th percentile compared to the nation average cost of rent, which is $1,385. Households in Mississippi have a median income of $4,147 per month so the average renter in Mississippi is spending roughly 24% of their earnings on housing.
Nationally, and in Mississippi, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mississippi is $175,582 right now, which is lower than states nearby, meaning that rents in Mississippi also tend to be lower versus these nearby states.
Higher rent prices are common in the northern parts of Mississippi while lower rent rates are often available in southwestern areas.
Nearby States
- Alabama: more expensive rent prices
- Louisiana: more expensive rent prices
- Arkansas: less expensive rent prices
- Tennessee: more expensive rent prices
- Georgia: more expensive rent prices
- Kentucky: less expensive rent prices
- Missouri: more expensive rent prices
- Oklahoma: more expensive rent prices
- Texas: more expensive rent prices
- South Carolina: more expensive rent prices
States with Similar Populations
- Utah: more expensive rent prices
- Arkansas: less expensive rent prices
- Kansas: more expensive rent prices
- Nevada: more expensive rent prices
- Iowa: less expensive rent prices
- Connecticut: more expensive rent prices
- Puerto Rico: less expensive rent prices
- New Mexico: more expensive rent prices
- Oklahoma: more expensive rent prices
- Oregon: more expensive rent prices
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