Rental Market Trends in Shannon, MS

Q: What is the average rent in Shannon, MS?

As of August 2025, the average rent in Shannon, MS was -.

What is the average rent in Shannon, MS?

Average Rent

Average Apartment Size

As of August 2025, the average rent in Shannon, MS is - per month. When you rent an apartment in Shannon, you can expect to pay about per month for a studio, for a one-bedroom apartment, and around $668 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type

Average Rent

Average Sq Ft

Two Bedroom

$668/month

0 Sq Ft

Floor Plan Type

Average Rent

Average 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 Shannon, MS?

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

Because the average rent in Shannon is -, you’ll want to make about per month or 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.

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

Use the tool below to compare Shannon, 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

Apartment communities in Shannon we think you'll love

141 Old Highway 45

141 Old Highway 45,
Shannon, MS 38868

4 Beds | $1,590

1118 Trice St

1118 Trice St,
Shannon, MS 38868

2 Beds | $900

Boggan Estates Apartments

2690 McCullough Blvd,
Belden, MS 38826

1-2 Beds | $1,095 - $1,195

Pines at Barnes Crossing

4100 N Gloster St,
Tupelo, MS 38804

1-3 Beds | Call for Rent

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United States Mississippi Shannon 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 2025.

* Percentages may not total 100 due to rounding.