Average Rent In Mississippi For January 2024
Average Rent
What is the average rent in Mississippi?
The average rent in Mississippi for January 2024 is $1,011, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Mississippi is $967. The average rent of a 1-bedroom apartment in Mississippi is $821.
Compared to the national average of $1,379, Mississippi rent costs -26.7% less. Read our analysis of rents by state to see how Mississippi ranks.
Here's a look at how average rents have changed over time:
How Does Mississippi Rent Compare To The Rest Of The Country?
| Statistic | MS | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,011 | $1,379 | -26.7% |
| M-o-M Change | -$10 | -$11 | -9.1% |
| Y-o-Y Change | $21 | -$14 | -250.0% |
| M-o-M % Change | -1.0% | -0.8% | - |
| Y-o-Y % Change | 2.1% | -1.0% | - |
Median Rent By Bedrooms In Mississippi
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Mississippi increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Mississippi clocking in at $821, while a 2-bedroom rental will set you back $967 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $483/room/month.
Read on to find out more or for more on Mississippi check out:
- Best Places To Live In Mississippi
- Cheapest Places To Live In Mississippi
- Most Dangerous Cities In Mississippi
Month Over Month Mississippi Rent Statistics
M-o-M Increase
M-o-M Increase
Mississippi has experienced a -$10 change in rent over the past month going from $1,021 to $1,011. That change comes out to -1.0%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Mississippi:
Year Over Year Mississippi Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Mississippi changed $21 from $990 to $1,011. A change of $21 means that rents changed 2.1% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Mississippi:
The 10 Places With The Highest Rent In Mississippi
Population: 25,350
Median Rent: $1,522
More on Madison: Data | Crime | Cost Of Living | Real Estate
Population: 11,660
Median Rent: $1,198
More on Byram: Data | Crime | Cost Of Living | Real Estate
Population: 36,033
Median Rent: $1,187
More on Olive Branch: Data | Crime | Cost Of Living | Real Estate
Population: 8,704
Median Rent: $1,118
More on Flowood: Data | Crime | Cost Of Living | Real Estate
Population: 26,804
Median Rent: $1,070
More on Horn Lake: Data | Crime | Cost Of Living | Real Estate
Population: 24,312
Median Rent: $1,062
More on Ridgeland: Data | Crime | Cost Of Living | Real Estate
Population: 8,200
Median Rent: $1,058
More on Diamondhead: Data | Cost Of Living | Real Estate
Population: 15,446
Median Rent: $1,055
More on Long Beach: Data | Crime | Cost Of Living | Real Estate
Population: 15,534
Median Rent: $1,047
More on Hernando: Data | Crime | Cost Of Living | Real Estate
Population: 52,434
Median Rent: $1,044
More on Southaven: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Mississippi
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.