RentData

Average Rent in Gulfport, MS↓ Rents falling 3.0% YoY🔺 6th priciest in MS

HUD FY2025 · Official government data · Updated annually · Metro pop. 418,452

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Gulfport, MS has rental prices ranging from $766/month to $1,540/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $896/month — 36% below the national average of $1,400/month. With a median household income of $61,266/year, spending $896/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Gulfport Compares

With an average 2-bedroom rent of $1,117/month, Gulfport ranks #6 most expensive of the 79 cities tracked in Mississippi — pricier than 76% of all US cities in our data.

The Gulfport Rental Market

The Gulfport, MS area has a population of about 418,452 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Gulfport, MS have fallen by $34/month (3.0%) over the past year, from $1,151 to $1,117. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Gulfport, MS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $35,840. The local median household income of $61,266 exceeds that threshold by $25,426, making Gulfport relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Gulfport, MS is $206,371, giving a price-to-rent ratio of 15.4. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$766
Affordable
1 Bedroom
$896
Affordable
2 Bedrooms
$1,117
↓3.0% YoY
Affordable
3 Bedrooms
$1,446
Affordable
4 Bedrooms
$1,540
Average
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Median Home Value
$206,371
Source: Zillow ZHVI
Est. monthly payment
$1,098/mo
20% down · 30yr · 7%

Is Gulfport, MS Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$44,680/year
Local median income: $61,266
To buy a median home
$43,936/year
US national median: $75,000
💡 Based on a 2BR rent of $1,117/month and 20% down on a $206,371 home at 7% rate.

Nearby Cities in MSlargest metros in the state

CityStudio1BR2BR3BRHome Value
Holmes County$811$843$933$1,232—
Jackson$1,045$1,051$1,232$1,484—
Stone County$711$730$958$1,154—
Pascagoula$922$972$1,094$1,466—
Covington County$656$783$933$1,232—
Hattiesburg$851$952$1,143$1,456—

Rent or Buy in Gulfport?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Gulfport data

$
Home Value
$206,371
2BR Rent
$1,117/mo
Mortgage Rate
7%
Monthly P&I
$1,098/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,520/movs rent: $1,117/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $206,371 home at 7% rate

20% — $41,274
3%50%
Estimated Monthly Payment
$1,098
per month · 30 years · 7% APR
Loan Amount
$165,097
Total Paid
$395,422
Total Interest
$230,325
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Gulfport

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Gulfport

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Gulfport

Is it cheaper to rent or buy here?

💵Rent Affordability in Gulfport

Salary needed to afford rent here

🗺️All Cities in MS

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⚖️Compare Gulfport

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📋MS Tenant Rights

Deposit limits, eviction laws & renters protections