Rents are 6% below what Horn Lake'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 $1,485 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
March. Asking rents in Horn Lake usually run 1% below trend in March and 1% above it in August, about $30 a month apart at today's median. Based on 5 years of data.
Rent in Horn Lake is 0.9% below its high of $1,499 in October 2025, at $1,485 as of September 2026.
Rent in Horn Lake changed +0.2% over the year to September 2026. Across the 23 Mississippi cities Zillow tracks, the typical change was +3.8%.
Rent rose in 5 of the last 12 months.
30% of the median household income ($53,311) is $1,333 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,270); a 2-bedroom is $1,430.
Memphis, TN, 13 miles away, rents for 15% less ($1,259/mo), about $2,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Horn Lake. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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
Horn Lake, MS is majority owner-occupied, has a large share of families with children, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Horn Lake, MS has changed in 5 years
Compared with 2021, rent in Horn Lake, MS has climbed by $304 per month, settling near $1,485 after starting the period at $1,181. Census figures show median household income at $53,311 today, compared with $54,783 five years earlier. Rent outpaced income growth by roughly 28.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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At $1,485/mo, how Horn Lake rent compares to typical pay (30% rule).
Horn Lake rent by bedroom count
Median rent for each apartment size in Horn Lake. Click any size for full breakdown.
Tips for renters in Horn Lake
Last updated: October 17, 2026
The median rent in Horn Lake is $1,485/mo as of October 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,430/mo. One-bedroom apartments average $1,270/mo and 3-bedroom units go for $1,880/mo.
At 33% of local median household income ($53,311/yr), Horn Lake ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.
Frequently asked questions
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How does Horn Lake rent compare to other cities in Mississippi?
Which nearby cities are cheaper to rent in than Horn Lake?
At $1,485/mo, rent takes ~33% of Horn Lake's median household income ($53,311/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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