How much does it cost to rent in Oxford, MS?

As of August 2026, the median monthly rent in Oxford, MS is $2,044. This figure is based on aggregated data from public sources and community-submitted rents.

Is Oxford cheaper than other Mississippi cities?

Oxford is one of the pricier cities in Mississippi, ranking #3 out of 29 cities tracked at $2,044/mo.

When was Oxford rent data last updated?

Oxford rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Oxford, MS?

HUD sets the Fair Market Rent for a two-bedroom home in Oxford, MS at $1,330 per month, which is 35% below the $2,044 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · MS

Oxford

Name: Average Rent Prices in Oxford, MS
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 26,411·3rd most expensive in Mississippi·Oxford rents have dropped 7.5%, currently a renter's market

Median rent (all units)

$2,044/mo

Year-over-Year

-7.5%

Month-over-Month

-3.0%

vs US Median

+$82

Falling (Monthly)

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Most AffordableMost Expensive

Oxford · $2,044

More expensive than 61% of US cities · National median $1,962/mo

Rent Reality Score

93/100

Great value

OverheatedFairGreat value

Rents are 22% below what Oxford's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,044/mo

Expected by trend

$2,610/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,130

2 BR

$1,330

3 BR

$1,670

4 BR+

$1,760

Fair Market Rent (HUD)

$1,330/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,044 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$24,528/yr

At $2,044/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 7.5% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-7.5% YoY, -3.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Oxford, MS is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 57.5% of residents hold a bachelor's degree or higher.

Population

26,411

Median income

$64,451

Median age

30.3

Renters

56.8%

Age distribution

18%

40.2%

20%

13.9%

Under 1818%

18–3440.2%

35–5420%

55–647.8%

65+13.9%

Gender

46.4%

53.6%

Male46.4%

Female53.6%

Race & ethnicity

66.3%

25.5%

White66.3%

Black25.5%

Hispanic4%

Asian2.9%

Other1.4%

Education (25+)

13.3%

21.8%

57.5%

No HS diploma7.4%

HS diploma13.3%

Some college21.8%

Bachelor's+57.5%

Housing tenure

43.2%

56.8%

Owner43.2%

Renter56.8%

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

2022 vs 2026

How Oxford, MS has changed in 5 years

Rent

$1,382 → $2,044

up 47.9%

Income

$51,096 → $64,451

up 26.1%

Population

25,859 → 26,411

up 2.1%

Renter share

58.6% → 56.8%

-1.8 pts

Bachelor's+

58.2% → 57.5%

-0.7 pts

Median age

27.7 → 30.3

+2.6 yrs

Compared with 2022, rent in Oxford, MS has climbed by $662 per month, settling near $2,044 after starting the period at $1,382. Census figures show median household income at $64,451 today, compared with $51,096 five years earlier. Rent outpaced income growth by roughly 21.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 25,859 to 26,411 between 2021 and 2024, a 2.1% change. About 56.8% of households rent today, against 58.6% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about Oxford

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View Oxford rent history (2015–2026) →

Salary vs rent

Can you afford rent in Oxford on your salary?

At $2,044/mo, how Oxford rent compares to typical pay (30% rule).

Registered Nurse

Avg $76,529/yr · Rent = 32.1% income

stretched

Elementary School Teacher

Avg $54,335/yr · Rent = 45.1% income

rent-burdened

Police Officer

Avg $62,589/yr · Rent = 39.2% income

stretched

Software Developer

Avg $111,869/yr · Rent = 21.9% income

affordable

Lawyer

Avg $142,941/yr · Rent = 17.2% income

very comfortable

Firefighter

Avg $50,876/yr · Rent = 48.2% income

rent-burdened

Truck Driver

Avg $45,935/yr · Rent = 53.4% income

severely rent-burdened

Electrician

Avg $56,619/yr · Rent = 43.3% income

rent-burdened

By apartment size

Oxford rent by bedroom count

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

Local insights

Tips for renters in Oxford

About renting in Oxford, MS

Last updated: August 17, 2026

The median rent in Oxford is $2,044/mo as of August 2026. A studio apartment averages $1,120/mo while a 2-bedroom runs $1,330/mo. One-bedroom apartments average $1,130/mo and 3-bedroom units go for $1,670/mo.

At 38% of local median household income ($64,451/yr), Oxford ranks as moderate compared to the national benchmark of 30%. Rents have decreased 7.5% over the past year.

FAQ

Frequently asked questions

Is Oxford an affordable city for renters?

Oxford is considered moderate for renters. At $2,044/mo, rent takes approximately 38% of the local median household income ($64,451/yr). The standard benchmark is 30%. Oxford slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Oxford?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,044/mo in Oxford. The local median household income is $64,451/yr, meaning the typical Oxford household falls short of that threshold.

Is rent going up or down in Oxford?

Rent in Oxford has decreased 7.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Oxford rent compare to other cities in Mississippi?

Oxford is one of the pricier cities in Mississippi for rent, ranking #3 out of 29 tracked cities at $2,044/mo.

Which nearby cities are cheaper to rent in than Oxford?

Several nearby cities have lower median rents than Oxford ($2,044/mo): Horn Lake ($1,512/mo), Southaven ($1,551/mo), Olive Branch ($1,894/mo).

What percentage of Oxford residents rent vs. own?

According to Census data, approximately 56.8% of Oxford households are renters, while 43.2% are owner-occupied. With a majority renter population, Oxford has a strong rental market.

How does Oxford rent compare to the national average?

Oxford's median rent of $2,044/mo is $82 (4%) above the US national median of $1,962/mo. Within Mississippi, it ranks #3 out of 29 tracked cities.

Income Affordability

38%

MODERATE

At $2,044/mo, rent takes ~38% of Oxford's median household income ($64,451/yr). The standard benchmark is 30%.

Oxford 38%Benchmark 30%

State income tax4.7%

Run the Oxford affordability calculator →

Nearby cities