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Rental Market Trends in Hernando, MS

What is the average rent in Hernando, MS?

$1,238/month

Average Rent

648 Sq Ft

Average Apartment Size

-5.3%

Decrease in the Last Year

Hernando, MS Rental Market Overview

The average rent in Hernando, MS is $1,238 per month. This is 25% lower than the national average rent of $1,661/month, making renting in Hernando more affordable than most cities in the US.

  • Studio apartments in Hernando average per month.
  • One-bedroom apartments in Hernando average $1,238 per month.
  • Two-bedroom apartments in Hernando average $1,391 per month.
  • Three-bedroom apartments in Hernando average $2,255 or more per month.

Data Updated: July 1, 2026

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,238/month
648 Sq Ft
Two Bedroom
$1,391/month
958 Sq Ft
Three Bedroom
$2,255/month
1,252 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,188/month
1,935 Sq Ft
Four Bedroom
$2,851/month
1,684 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 decreased by 5.3%, which averages out to $64 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Hernando, MS
Last Updated July 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 $1,238, you’ll want to make about $4,126 per month or $49,512 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

39 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.

  • Southaven

    Southaven

  • Horn Lake

    Horn Lake

  • Walls

    Walls

  • Olive Branch

    Olive Branch

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

2 Beds | $1,975 - $2,075

MAGNOLIAS AT HERNANDO

MAGNOLIAS AT HERNANDO

2321 McIngvale Rd,
Hernando, MS 38632

1-3 Beds | $1,466 - $2,175

Fountain Square Townhomes

Fountain Square Townhomes

284 Fountain Ln,
Hernando, MS 38632

2 Beds | $1,574

375 Vaiden Ridge Dr N

375 Vaiden Ridge Dr N

375 Vaiden Ridge Dr N,
Hernando, MS 38632

3 Beds | $2,475

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Frequently Asked Questions

What is the average rent in Hernando?

The average rent in Hernando is $1,238 per month, which is 25.5% lower than the national average of $1,661.

What is the average rent for a house in Hernando?

The average rent for a house in Hernando, MS is $2,188 per month.

Are rents going up or down in Hernando?

Rents in Hernando, MS are decreasing, with prices down 5.3% year-over-year and $64 less 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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© 2026 CoStar Group, Inc.

Equal Housing Opportunity