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

As of July 2026, the median monthly rent in Southaven, MS is $1,540. This figure is based on aggregated data from public sources and community-submitted rents.

Is Southaven cheaper than other Mississippi cities?

Southaven is one of the pricier cities in Mississippi, ranking #10 out of 28 cities tracked at $1,540/mo.

When was Southaven rent data last updated?

Southaven 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

Southaven

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

Pop. 56,226·10th most expensive in Mississippi·Southaven rents have dropped 5.2%, currently a renter's market

Median rent (all units)

$1,540/mo

Year-over-Year

-5.2%

Month-over-Month

-2.0%

vs US Median

-$425

Falling (Monthly)

Be the first to discuss Southaven rents ↓

Most AffordableMost Expensive

Southaven · $1,540

More affordable than 73% of US cities · National median $1,965/mo

Rent Reality Score

71/100

Good value

OverheatedFairGreat value

Rents are 11% below what Southaven's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,540/mo

Expected by trend

$1,723/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,425

1 BR

$1,560

2 BR

$1,750

3 BR

$2,300

4 BR+

$2,695

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

$18,480/yr

At $1,540/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 5.2% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-5.2% YoY, -2.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

56,226

Median income

$78,483

Median age

36.2

Renters

27.5%

Age distribution

25.5%

22.5%

26.4%

12.5%

13.2%

Under 1825.5%

18–3422.5%

35–5426.4%

55–6412.5%

65+13.2%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

51.4%

39.3%

White51.4%

Black39.3%

Hispanic5.3%

Asian1.2%

Other2.7%

Education (25+)

30.6%

33.5%

28.8%

No HS diploma7.1%

HS diploma30.6%

Some college33.5%

Bachelor's+28.8%

Housing tenure

72.5%

27.5%

Owner72.5%

Renter27.5%

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

2021 vs 2026

How Southaven, MS has changed in 5 years

Rent

$1,327 → $1,540

up 16.1%

Income

$67,157 → $78,483

up 16.9%

Population

54,141 → 56,226

up 3.9%

Renter share

28.7% → 27.5%

-1.2 pts

Bachelor's+

24.8% → 28.8%

+4.0 pts

Across the past five years, the going rent in Southaven, MS has shifted from $1,327 to $1,540, up 16.1% since 2021. Household income in the area moved from $67,157 to $78,483 across the same window, up 16.9% versus 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.

Community

Discussions about Southaven

No discussions yet. Start the conversation.

View Southaven rent history (2015–2026) →

Salary vs rent

Can you afford rent in Southaven on your salary?

At $1,540/mo, how Southaven rent compares to typical pay (30% rule).

Registered Nurse

Avg $76,529/yr · Rent = 24.1% income

affordable

Elementary School Teacher

Avg $54,335/yr · Rent = 34% income

stretched

Police Officer

Avg $62,589/yr · Rent = 29.5% income

affordable

Software Developer

Avg $111,869/yr · Rent = 16.5% income

very comfortable

Lawyer

Avg $142,941/yr · Rent = 12.9% income

very comfortable

Firefighter

Avg $50,876/yr · Rent = 36.3% income

stretched

Truck Driver

Avg $45,935/yr · Rent = 40.2% income

rent-burdened

Electrician

Avg $56,619/yr · Rent = 32.6% income

stretched

By apartment size

Southaven rent by bedroom count

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

Local insights

Tips for renters in Southaven

About renting in Southaven, MS

Last updated: July 20, 2026

The median rent in Southaven is $1,540/mo as of July 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 decreased 5.2% over the past year.

FAQ

Frequently asked questions

Is Southaven an affordable city for renters?

Southaven is considered very affordable for renters. At $1,540/mo, rent takes approximately 24% of the local median household income ($78,483/yr). The standard benchmark is 30%. Southaven falls comfortably within that range.

How much income do you need to rent in Southaven?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,540/mo in Southaven. The local median household income is $78,483/yr, meaning the typical Southaven household meets that threshold.

Is rent going up or down in Southaven?

Rent in Southaven has decreased 5.2% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Southaven neighborhoods have the lowest rent?

The most affordable ZIP codes in Southaven are 38671 ($1,480/mo), and 38672 ($2,368/mo). Citywide, the median rent in Southaven is $1,540/mo.

How does Southaven rent compare to other cities in Mississippi?

Southaven is one of the pricier cities in Mississippi for rent, ranking #10 out of 28 tracked cities at $1,540/mo.

Which nearby cities are cheaper to rent in than Southaven?

Memphis is nearby and more affordable at $1,280/mo, which is $260 less than Southaven.

What percentage of Southaven residents rent vs. own?

According to Census data, approximately 27.5% of Southaven households are renters, while 72.5% are owner-occupied. Southaven leans toward homeownership, which can mean a smaller rental inventory.

How does Southaven rent compare to the national average?

Southaven's median rent of $1,540/mo is $425 (22%) below the US national median of $1,965/mo. Within Mississippi, it ranks #10 out of 28 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $1,540/mo, rent takes ~24% of Southaven's median household income ($78,483/yr). The standard benchmark is 30%.

Southaven 24%Benchmark 30%

State income tax4.7%

Run the Southaven affordability calculator →

Nearby cities