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Rental Market Trends in Hernando, MS

Updated August 2026

The average rent in Hernando, MS is $1,337/month.

Rent in Hernando is 20% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,337/month

Average Rent

648 Sq Ft

Average Size

+2.6%

Change / Year

45

Available Apartments

Hernando rent varies by unit size and layout:

  • Studio apartments in Hernando average per month.
  • One-bedroom apartments in Hernando average $1,337 per month.
  • Two-bedroom apartments in Hernando average $1,575 per month.
  • Three-bedroom apartments in Hernando average $1,716 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,337/month
648 Sq Ft
Two Bedroom
$1,575/month
958 Sq Ft
Three Bedroom
$1,716/month
1,252 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$2,215/month
1,986 Sq Ft
View Hernando Apartments

How much has average rent changed in Hernando, MS?

In the past year, rent has increased by 2.6%, which averages out to $35 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Hernando, MS

August 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Hernando, MS
Percentage*
Rent Range
0% Below $700/month
67% $700 - $1,000/month
0% $1,001 - $1,500/month
33% $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 $1,337, you’ll want to make about $4,456 per month or $53,472 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

45 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

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Nesbit

    Nesbit

    Avg Rent: $1,576/month

  • Southaven

    Southaven

    Avg Rent: $1,351/month

  • Horn Lake

    Horn Lake

    Avg Rent: $1,220/month

  • Walls

    Walls

    Avg Rent: $1,065/month

  • Olive Branch

    Olive Branch

    Avg Rent: $1,380/month

Apartment Communities in Hernando We Think You'll Love

The Flats at Delta Landing

The Flats at Delta Landing

885 Tunica Trails,
Nesbit, MS 38651

1-2 Beds | $1,575 - $1,975

MAGNOLIAS AT HERNANDO

MAGNOLIAS AT HERNANDO

2321 McIngvale Rd,
Hernando, MS 38632

1-3 Beds | $1,513 - $1,941

660 Timber Creek S

660 Timber Creek S

660 Timber Creek S,
Hernando, MS 38632

3 Beds | $2,285

947 Clubhouse Dr

947 Clubhouse Dr

947 Clubhouse Dr,
Hernando, MS 38632

4 Beds | $2,095

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Frequently Asked Questions

What is the average rent in Hernando?

The average rent in Hernando is $1,337 per month, which is 19.7% lower than the national average of $1,664.

Are rents going up or down in Hernando?

Rents in Hernando, MS are increasing, with prices up 2.6% year-over-year and $35 more per month.

What rent range is most common in Hernando?

In Hernando, MS, 67% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity