Rents are 10% 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 $1,551 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: August 17, 2026
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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 $1,327 to $1,551, up 16.9% 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.
Discussions about Southaven
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Can you afford rent in Southaven on your salary?
At $1,551/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: August 17, 2026
The median rent in Southaven is $1,551/mo as of August 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 4.8% over the past year.
Frequently asked questions
Is Southaven an affordable city for renters?
How much income do you need to rent in Southaven?
Is rent going up or down in Southaven?
Which Southaven neighborhoods have the lowest rent?
How does Southaven rent compare to other cities in Mississippi?
Which nearby cities are cheaper to rent in than Southaven?
What percentage of Southaven residents rent vs. own?
How does Southaven rent compare to the national average?
At $1,551/mo, rent takes ~24% of Southaven's median household income ($78,483/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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