Rents are 9% below what Olive Branch'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 $1,829 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
December. Asking rents in Olive Branch usually run 0.8% below trend in December and 1.2% above it in July, about $37 a month apart at today's median. Based on 9 years of data.
Rent in Olive Branch is 1.9% below its high of $1,865 in November 2025, at $1,829 as of September 2026.
Rent in Olive Branch changed -0.7% over the year to September 2026. Across the 23 Mississippi cities Zillow tracks, the typical change was +3.8%.
From 2019 to 2024, rent in Olive Branch rose 38.7% while median household income rose 34.7% ($74,680 to $100,606). Rent outpaced income.
Rent in Olive Branch is 40.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($100,606) is $2,515 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,300); a 4-bedroom is $2,690.
Southaven, 8 miles away, rents for 14% less ($1,575/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Olive Branch. 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
Olive Branch, MS is majority owner-occupied, has a median income above the national average, 31.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Olive Branch, MS has changed in 5 years
The median rent in Olive Branch, MS stood at $1,459 in 2021 and currently runs about $1,829, reflecting a 25.4% increase over the period. Household income in the area moved from $81,860 to $100,606 across the same window, up 22.9% versus 2021. The population has grown by 20.1% since 2021, moving from about 39,136 residents to roughly 47,019. Renters now make up 17.7% of households, compared with 20.4% five years ago. College-educated residents now make up 31.4% of adults here, versus 27.7% in 2021. Reading these numbers side by side helps frame whether current listings in Olive Branch, MS look reasonable against where the market sat half a decade ago.
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Can you afford rent in Olive Branch on your salary?
At $1,829/mo, how Olive Branch rent compares to typical pay (30% rule).
Olive Branch rent by bedroom count
Median rent for each apartment size in Olive Branch. Click any size for full breakdown.
Tips for renters in Olive Branch
Last updated: October 17, 2026
The median rent in Olive Branch is $1,829/mo as of October 2026. A studio apartment averages $1,430/mo while a 2-bedroom runs $1,750/mo. One-bedroom apartments average $1,560/mo and 3-bedroom units go for $2,300/mo.
At 22% of local median household income ($100,606/yr), Olive Branch ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.
Frequently asked questions
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How does Olive Branch rent compare to other cities in Mississippi?
At $1,829/mo, rent takes ~22% of Olive Branch's median household income ($100,606/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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