Choose from 0 available Water Valley, MS townhomes for rent to find a floor plan that fits your lifestyle. Most townhomes are multi-level, with bedrooms located on the top floor. Some townhouses have basements for additional space, and some offer features like paid utilities. Be sure to view photos or take an online tour to find a rental that works for you! Some terriffic Water Valley neighborhoods with townhomes for rent include The Links at Oxford, Esplanade Ridge and The Square. If price is a factor, consider looking in nearby cities like Oxford and University.