Rents are 9% below what Southaven'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 $1,575 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
February. Asking rents in Southaven usually run 0.9% below trend in February and 0.7% above it in August, about $25 a month apart at today's median. Based on 10 years of data.
Rent in Southaven is 1.5% below its high of $1,599 in November 2025, at $1,575 as of September 2026.
Rent in Southaven changed +0.1% 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 Southaven rose 39.7% while median household income rose 28.6% ($61,026 to $78,483). Rent outpaced income.
Rent in Southaven is 41.6% 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 4 of the last 12 months.
30% of the median household income ($78,483) is $1,962 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,750); a 3-bedroom is $2,300.
Memphis, TN, 12 miles away, rents for 20% less ($1,259/mo), about $3,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Southaven. 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.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Southaven, MS is majority owner-occupied, has a large share of families with children, 28.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Southaven, MS has changed in 5 years
Across the past five years, the going rent in Southaven, MS has shifted from $1,264 to $1,575, up 24.6% since 2021. Household income in the area moved from $67,157 to $78,483 across the same window, up 16.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Southaven, MS adding about 2,085 residents over the five-year window, up 3.9% on net. Bachelor's-degree-or-higher attainment moved from 24.8% to 28.8% across the same window. Reading these numbers side by side helps frame whether current listings in Southaven, MS look reasonable against where the market sat half a decade ago.
Discussions about Southaven
No discussions yet. Start the conversation.
Can you afford rent in Southaven on your salary?
At $1,575/mo, how Southaven rent compares to typical pay (30% rule).
Southaven rent by bedroom count
Median rent for each apartment size in Southaven. Click any size for full breakdown.
Tips for renters in Southaven
Last updated: October 17, 2026
The median rent in Southaven is $1,575/mo as of October 2026. A studio apartment averages $1,425/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 24% of local median household income ($78,483/yr), Southaven ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.
Frequently asked questions
How much income do you need to rent in Southaven?
Is rent going up or down in Southaven?
When is the cheapest time to rent in Southaven?
Has rent outpaced income in Southaven?
Which Southaven neighborhoods have the lowest rent?
How does Southaven rent compare to other cities in Mississippi?
At $1,575/mo, rent takes ~24% of Southaven's median household income ($78,483/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Southaven.
No discussions yet.