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Rental Market Trends in Southaven, MS

What is the average rent in Southaven, MS?

$1,344/month

Average Rent

803 Sq Ft

Average Apartment Size

-1.7%

Decrease in the Last Year

As of June 2025, the average rent in Southaven, MS is $1,344 per month. This is 17% lower than the national average rent of $1,627/month, making renting in Southaven more affordable than most cities in the US. When you rent an apartment in Southaven, you can expect to pay about per month for a studio, $1,344 for a one-bedroom apartment, and around $1,454 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,657 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,344/month
803 Sq Ft
Two Bedroom
$1,454/month
1,037 Sq Ft
Three Bedroom
$1,657/month
1,240 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,782/month
1,373 Sq Ft
Four Bedroom
$2,176/month
1,908 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 Southaven, MS?

In the past year, rent has decreased by 1.7%, which averages out to $22 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Southaven, MS
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Southaven, MS
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
57% $1,001 - $1,500/month
43% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Southaven?

Based on current rent prices, Stone Creek Plum Point Village and Deerchase" are the most affordable neighborhoods in Southaven.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Stone Creek Plum Point Village
$1,268/month
882 Sq Ft
Deerchase
$1,909/month
936 Sq Ft

What are the most expensive neighborhoods in Southaven?

Based on current rent prices, Deerchase and Stone Creek Plum Point Village" are the most expensive neighborhoods in Southaven.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Deerchase
$1,909/month
936 Sq Ft
Stone Creek Plum Point Village
$1,268/month
882 Sq Ft

Which Southaven neighborhoods have the most rentals available?

The neighborhoods in Southaven with the most apartments available are Deerchase and Stone Creek Plum Point Village" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Deerchase
$1,909/month
936 Sq Ft
Stone Creek Plum Point Village
$1,268/month
882 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Southaven is $1,344, you’ll want to make about $4,480 per month or $53,760 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

Southaven, MS

399 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Southaven, 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.

Explore the Area Guide for Southaven, MS

Apartment Averages

Stone Creek Plum Point Village

Southaven, MS

Deerchase

Southaven, MS

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Horn Lake Average Rent
  • Olive Branch Average Rent
  • Memphis Average Rent
  • Germantown Average Rent
  • West Memphis Average Rent

Apartment communities in Southaven we think you'll love

The Luxe of Southaven

The Luxe of Southaven

5905 Airways Blvd,
Southaven, MS 38671

1-3 Beds | $1,075 - $1,645

Civic Center West Apartments

Civic Center West Apartments

4740 Highway 51 N,
Southaven, MS 38671

1-3 Beds | $1,175 - $1,811

Hamilton at Turman Farms Apartments

Hamilton at Turman Farms Apartments

4375 Highway 51 N,
Southaven, MS 38671

1-3 Beds | $1,386 - $1,686

Modena at Mallard Creek

Modena at Mallard Creek

7197 Mallard Creek Dr,
Horn Lake, MS 38637

1-3 Beds | $1,145 - $1,425

Property Management Companies in Southaven, MS

BEZTAK Properties
BEZTAK Properties
  • 105

    Communities

  • 24,537

    Units

  • 60

    Cities

2 Communities in Southaven
Kushner Companies
Kushner Companies
  • 61

    Communities

  • 21,142

    Units

  • 45

    Cities

2 Communities in Southaven
Sandhurst Apartment Management
Sandhurst Apartment Management
  • 42

    Communities

  • 10,891

    Units

  • 31

    Cities

2 Communities in Southaven
Timberland Partners
Timberland Partners
  • 44

    Communities

  • 11,266

    Units

  • 39

    Cities

1 Community in Southaven

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United States Mississippi Southaven 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.

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Equal Housing Opportunity