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Rental Market Trends in Hernando, MS

What is the average rent in Hernando, MS?

$1,442/month

Average Rent

733 Sq Ft

Average Apartment Size

+8.6%

Increase in the Last Year

As of February 2026, the average rent in Hernando, MS is $1,442 per month. For comparison, the national average rent price in the US is currently $1,625/month, which means Hernando rent prices are 11% lower than the national average. When you rent an apartment in Hernando, you can expect to pay about per month for a studio, $1,442 for a one-bedroom apartment, and around $1,661 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,622 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,442/month
733 Sq Ft
Two Bedroom
$1,661/month
958 Sq Ft
Three Bedroom
$1,622/month
1,252 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,955/month
1,865 Sq Ft
Four Bedroom
$1,883/month
1,787 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Hernando, MS?

In the past year, rent has increased by 8.6%, which averages out to $124 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Hernando, MS
Last Updated February 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Hernando, MS
Percentage*
Rent Range
0% Below $700/month
50% $700 - $1,000/month
0% $1,001 - $1,500/month
50% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Hernando, MS?

Because the average rent in Hernando is $1,442, you’ll want to make about $4,806 per month or $57,672 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Hernando, MS

49 Available Apartments for Rent

Search for Nearby Apartments

How does Hernando, MS compare to other nearby cities and neighborhoods?

Use the tool below to compare Hernando, MS to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • Southaven Average Rent
  • Horn Lake Average Rent
  • Olive Branch Average Rent
  • Memphis Average Rent

Apartment communities in Hernando we think you'll love

The Flats at Delta Landing

The Flats at Delta Landing

885 Tunica Trl,
Nesbit, MS 38651

$1,975

2 Beds

MAGNOLIAS AT HERNANDO

MAGNOLIAS AT HERNANDO

2321 McIngvale Rd,
Hernando, MS 38632

$1,143 - $1,905

1-3 Beds

Fountain Square Apartments

Fountain Square Apartments

284 Fountain Ln,
Hernando, MS 38632

$1,347 - $1,647

2-3 Beds

Welcome to 1259 Shady Grove Cove!

Welcome to 1259 Shady Grove Cove!

2159 Shady Grove Cove,
Hernando, MS 38632

$1,900

3 Beds

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United States Mississippi Hernando Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity