Southaven, MS Rental Market
Southaven is Mississippi's third-largest city and a rapidly growing suburb of Memphis, TN, positioned directly across the state line along I-55. It serves as an affordable commuter community for Memphis workers who benefit from Mississippi's lower taxes and cost of living. Strong in-migration, new residential development, and proximity to FedEx's Memphis hub drive consistent rental demand and above-average rent growth for the state.
Get a rent estimate for an address in SouthavenAverage Rent in Southaven, MS
$1,230
per month · 2026-06
Market Score
Key Facts — Southaven, MS Rental Market
- Average rent in Southaven, MS:$1,230/mo
- Median rent:$1,132/mo
- Rent range:$600 – $2,700/mo
- Most common rental (2 bedrooms):$1,075/mo
- Active listings:380
- Avg days to lease:30 days
- Year-over-year change:+3.8%
- Median home value:$240,000
- Est. gross annual yield:6.2%
- Data as of:2026-06
Rent by Bedroom in Southaven, MS
Average monthly rent for each bedroom type based on current active listings in Southaven.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $875/mo |
2 Bedrooms | $1,075/mo |
3 Bedrooms | $1,375/mo |
4 Bedrooms | $1,700/mo |
5 Bedrooms | $1,950/mo |
Southaven Rental Market Statistics
Key indicators from the current Southaven, MS rental market.
380
Available now in Southaven
30
From list to lease
$0.95
Average across listings
1,300 sq ft
Typical rental size
$600 – $2,700
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Southaven, MS Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$240,000
Typical purchase price in Southaven
Est. Gross Annual Yield
6.2%
Before expenses & vacancy
Avg Monthly Income
$1,230
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Southaven for a full cash-flow breakdown including all costs.
Southaven, MS Rental Market FAQ
Common questions about renting and investing in Southaven, MS.
What is the average rent in Southaven, MS?
The average rent in Southaven, MS is $1,230 per month as of 2026 — the highest of any Mississippi city in our coverage. Two-bedroom units average $1,075/mo and three-bedroom homes average $1,375/mo. Southaven's premium over other MS markets reflects its Memphis suburb dynamics and newer housing stock.
Is Southaven, MS a good place to invest in rental property?
Southaven offers a 6.2% estimated gross annual yield with 3.8% year-over-year rent growth — the fastest in Mississippi — and strong absorption at just 30 days on market. Memphis commuter demand, new residential development, and DeSoto County's highly-rated schools provide a multi-layered tenant base that supports continued rent appreciation.
How does proximity to Memphis affect the Southaven rental market?
Southaven is approximately 15 miles south of downtown Memphis via I-55, making it an attractive commuter base for FedEx, AutoZone, and other major Memphis employers. Tenants choose Southaven for lower Mississippi taxes, newer housing, and highly-rated DeSoto County schools while maintaining access to Memphis's job market and amenities.
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