Rents are 5% below what Hernando's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,167 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Hernando is 1.4% below its high of $2,198 in May 2026, at $2,167 as of September 2026.
Rent in Hernando changed +0.1% over the year to September 2026. Across the 23 Mississippi cities Zillow tracks, the typical change was +3.8%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($76,950) is $1,924 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,830); a 4-bedroom is $2,140.
Southaven, 10 miles away, rents for 27% less ($1,575/mo), about $7,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Hernando. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Hernando, MS is majority owner-occupied, has a large share of families with children, 34.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hernando, MS has changed in 5 years
Census figures show median household income at $76,950 today, compared with $64,240 five years earlier. The population has grown by 7.3% since 2021, moving from about 16,730 residents to roughly 17,949. Renters now make up 18.8% of households, compared with 20.3% five years ago.
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Can you afford rent in Hernando on your salary?
At $2,167/mo, how Hernando rent compares to typical pay (30% rule).
Hernando rent by bedroom count
Median rent for each apartment size in Hernando. Click any size for full breakdown.
Tips for renters in Hernando
Last updated: October 17, 2026
The median rent in Hernando is $2,167/mo as of October 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,240/mo and 3-bedroom units go for $1,830/mo.
At 34% of local median household income ($76,950/yr), Hernando ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.
Frequently asked questions
How much income do you need to rent in Hernando?
Is rent going up or down in Hernando?
How does Hernando rent compare to other cities in Mississippi?
At $2,167/mo, rent takes ~34% of Hernando's median household income ($76,950/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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