How much does it cost to rent in Olive Branch, MS?

As of July 2026, the median monthly rent in Olive Branch, MS is $1,896. This figure is based on aggregated data from public sources and community-submitted rents.

Is Olive Branch cheaper than other Mississippi cities?

Olive Branch is one of the pricier cities in Mississippi, ranking #4 out of 28 cities tracked at $1,896/mo.

When was Olive Branch rent data last updated?

Olive Branch rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MS

Olive Branch

Name: Average Rent Prices in Olive Branch, MS
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 47,019·4th most expensive in Mississippi·Rental market data updated monthly for Olive Branch, MS

Median rent (all units)

$1,896/mo

Year-over-Year

-1.5%

Month-over-Month

-3.0%

vs US Median

-$69

Falling (Monthly)

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Most AffordableMost Expensive

Olive Branch · $1,896

More expensive than 52% of US cities · National median $1,965/mo

Rent Reality Score

74/100

Good value

OverheatedFairGreat value

Rents are 12% below what Olive Branch's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,896/mo

Expected by trend

$2,154/mo

The Rent Reality Score compares today's median rent to where Olive Branch's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,430

1 BR

$1,560

2 BR

$1,750

3 BR

$2,300

4 BR+

$2,690

Research median

$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,752/yr

At $1,896/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 1.5% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-1.5% YoY, -3.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

47,019

Median income

$100,606

Median age

Renters

17.7%

Age distribution

23.4%

22.1%

28.8%

12.3%

13.4%

Under 1823.4%

18–3422.1%

35–5428.8%

55–6412.3%

65+13.4%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

53.4%

35.7%

White53.4%

Black35.7%

Hispanic6.3%

Asian2.1%

Other2.5%

Education (25+)

27.3%

34.9%

31.4%

No HS diploma6.3%

HS diploma27.3%

Some college34.9%

Bachelor's+31.4%

Housing tenure

82.3%

17.7%

Owner82.3%

Renter17.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Olive Branch, MS has changed in 5 years

Rent

$1,567 → $1,896

up 21.0%

Income

$81,860 → $100,606

up 22.9%

Population

39,136 → 47,019

up 20.1%

Renter share

20.4% → 17.7%

-2.7 pts

Bachelor's+

27.7% → 31.4%

+3.7 pts

The median rent in Olive Branch, MS stood at $1,567 in 2021 and currently runs about $1,896, reflecting a 21.0% 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.

Community

Discussions about Olive Branch

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View Olive Branch rent history (2015–2026) →

Salary vs rent

Can you afford rent in Olive Branch on your salary?

At $1,896/mo, how Olive Branch rent compares to typical pay (30% rule).

Registered Nurse

Avg $76,529/yr · Rent = 29.7% income

affordable

Elementary School Teacher

Avg $54,335/yr · Rent = 41.9% income

rent-burdened

Police Officer

Avg $62,589/yr · Rent = 36.4% income

stretched

Software Developer

Avg $111,869/yr · Rent = 20.3% income

affordable

Lawyer

Avg $142,941/yr · Rent = 15.9% income

very comfortable

Firefighter

Avg $50,876/yr · Rent = 44.7% income

rent-burdened

Truck Driver

Avg $45,935/yr · Rent = 49.5% income

rent-burdened

Electrician

Avg $56,619/yr · Rent = 40.2% income

rent-burdened

By apartment size

Olive Branch rent by bedroom count

Median rent for each apartment size in Olive Branch. Click any size for full breakdown.

Local insights

Tips for renters in Olive Branch

About renting in Olive Branch, MS

Last updated: July 20, 2026

The median rent in Olive Branch is $1,896/mo as of July 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 23% of local median household income ($100,606/yr), Olive Branch ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

Is Olive Branch an affordable city for renters?

Olive Branch is considered very affordable for renters. At $1,896/mo, rent takes approximately 23% of the local median household income ($100,606/yr). The standard benchmark is 30%. Olive Branch falls comfortably within that range.

How much income do you need to rent in Olive Branch?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,896/mo in Olive Branch. The local median household income is $100,606/yr, meaning the typical Olive Branch household meets that threshold.

Is rent going up or down in Olive Branch?

Rent in Olive Branch has decreased 1.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Olive Branch rent compare to other cities in Mississippi?

Olive Branch is one of the pricier cities in Mississippi for rent, ranking #4 out of 28 tracked cities at $1,896/mo.

Which nearby cities are cheaper to rent in than Olive Branch?

Several nearby cities have lower median rents than Olive Branch ($1,896/mo): Memphis ($1,280/mo), Southaven ($1,540/mo), Horn Lake ($1,571/mo).

What percentage of Olive Branch residents rent vs. own?

According to Census data, approximately 17.7% of Olive Branch households are renters, while 82.3% are owner-occupied. Olive Branch leans toward homeownership, which can mean a smaller rental inventory.

How does Olive Branch rent compare to the national average?

Olive Branch's median rent of $1,896/mo is $69 (4%) below the US national median of $1,965/mo. Within Mississippi, it ranks #4 out of 28 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $1,896/mo, rent takes ~23% of Olive Branch's median household income ($100,606/yr). The standard benchmark is 30%.

Olive Branch 23%Benchmark 30%

State income tax4.7%

Run the Olive Branch affordability calculator →

Nearby cities