Average Rent in Smith County, MS↑ Rents rising 7.5% YoY🔻 3rd cheapest in MS

Smith County, MS has rental prices ranging from $761/month to $1,189/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $769/month — 45% below the national average of $1,400/month. With a median household income of $51,396/year, spending $769/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Smith County Compares

With an average 2-bedroom rent of $905/month, Smith County ranks #78 most expensive of the 80 cities tracked in Mississippi — more affordable than 96% of all US cities in our data.

The Smith County Rental Market

The Smith County, MS area has a population of about 14,193 and 14% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Smith County, MS have risen by $63/month (7.5%) over the past year, from $842 to $905. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Smith County, MS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,760. The local median household income of $51,396 exceeds that threshold by $20,636, making Smith County relatively accessible compared to local wages.

Economy & Jobs

Smith County, MS has an unemployment rate of 3.5%, 0.4 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Smith County, MS Affordable?

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

Rent or Buy in Smith County?

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

Living in Smith County

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