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Rental Market Trends in Tupelo, MS

What is the average rent in Tupelo, MS?

$851/month

Average Rent

664 Sq Ft

Average Apartment Size

+4.3%

Increase in the Last Year

As of May 2025, the average rent in Tupelo, MS is $851 per month. This is 48% lower than the national average rent of $1,627/month, making renting in Tupelo more affordable than most cities in the US. When you rent an apartment in Tupelo, you can expect to pay about per month for a studio, $851 for a one-bedroom apartment, and around $988 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,140 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$851/month
664 Sq Ft
Two Bedroom
$988/month
1,016 Sq Ft
Three Bedroom
$1,140/month
1,260 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,147/month
586 Sq Ft
Three Bedroom
$1,620/month
830 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 Tupelo, MS?

In the past year, rent has increased by 4.3%, which averages out to $37 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 May 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Tupelo, MS
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Tupelo, MS
Percentage*
Rent Range
10% Below $700/month
60% $700 - $1,000/month
30% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Tupelo is $851, you’ll want to make about $2,836 per month or $34,032 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.

Cost of Living

The cost of living in Tupelo, MS is 17.3% lower than the national average. Generally, housing in Tupelo is 31.8% less expensive than the national average, with rent falling between $0 - $1,140. You can expect to pay 5.1% less for groceries, 16.3% less for utilities, and 9.5% less for transportation.

City

Tupelo, MS

105 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Tupelo, 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 Tupelo, MS

Apartment Averages

Apartment communities in Tupelo we think you'll love

Pines at Barnes Crossing

Pines at Barnes Crossing

4100 N Gloster St,
Tupelo, MS 38804

1-3 Beds | $1,022 - $1,109

The Westerly

The Westerly

3545 Mitchell Rd,
Tupelo, MS 38801

1-3 Beds | $1,295 - $1,395

Trace Ridge

Trace Ridge

4348 N Gloster St,
Tupelo, MS 38804

1-3 Beds | Call for Rent

The Meadows on Main

The Meadows on Main

2700 W Main St,
Tupelo, MS 38801

1-3 Beds | $925 - $1,150

Property Management Companies in Tupelo, MS

Elmington Capital
Elmington Capital
  • 135

    Communities

  • 23,196

    Units

  • 66

    Cities

4 Communities in Tupelo
Kirkland Properties
Kirkland Properties
  • 13

    Communities

  • 1,677

    Units

  • 8

    Cities

3 Communities in Tupelo
MRD
MRD
  • 73

    Communities

  • 10,173

    Units

  • 64

    Cities

1 Community in Tupelo
Sunridge Management Group Inc
Sunridge Management Group Inc
  • 88

    Communities

  • 16,097

    Units

  • 62

    Cities

1 Community in Tupelo

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United States Mississippi Tupelo 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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity