Rents are 7% 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 $1,512 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: August 17, 2026
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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 $316 per month, settling near $1,512 after starting the period at $1,196. Census figures show median household income at $53,311 today, compared with $54,783 five years earlier. Rent outpaced income growth by roughly 29.1 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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Can you afford rent in Horn Lake on your salary?
At $1,512/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: August 17, 2026
The median rent in Horn Lake is $1,512/mo as of August 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 34% of local median household income ($53,311/yr), Horn Lake ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.
Frequently asked questions
Is Horn Lake an affordable city for renters?
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Is rent going up or down in Horn Lake?
How does Horn Lake rent compare to other cities in Mississippi?
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What percentage of Horn Lake residents rent vs. own?
How does Horn Lake rent compare to the national average?
At $1,512/mo, rent takes ~34% 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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