Apartments for Rent in Mississippi under $500
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4 bd $384Base rent4.0 (5)1300 Old Highway 12, Starkville, MS 39759Apply online • Pet friendly
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1 bd $500Base rent1136 Berry Street, Prentiss, MS 39474Apply online
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Ask for PricingIncome restricted122 Fairview Street, New Albany, MS 38652-8957In unit laundry
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Studio $312+Base rent1227 North State Street, Jackson, MS 39202Pet friendly -
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1 bd $3982 bd $4573 bd $481Base rent1300 Martin Luther King, Shelby, MS 38774Air conditioner -
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1 bd $4002 bd $473Base rent501 BRENDA STREET, Mound Bayou, MS 38762Pet friendly -
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1 bd $400Base rent912 North 28Th Avenue, Hattiesburg, MS 39401 -
3 bd $355+Base rent Income restricted2032 Kenmar Lane, Tupelo, MS 38803Pet friendly • Dishwasher • Patio/Balcony
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2 bd $279+3 bd $338+Base rent Income restricted285 N Eason Blvd, Tupelo, MS 38804Pet friendly • Dishwasher • Patio/Balcony
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Ask for pricingIncome restricted5.0 (2)1001 Cardinal Lane, Aberdeen, MS 39730In unit laundry • Air conditioner • Washer/Dryer
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Frequently asked questions
When were prices and availability in Mississippi last updated?
Prices and availability in Mississippi were last updated on 24 Jun 2026.
What are the best apartments in Mississippi?
The best apartments in Mississippi are: Lexington Pointe Apartment Homes, Cambridge Station Apartment Homes, Crossgates Apartment Homes, Reserve at Park Place Apartment Homes and Highpointe Apartment Homes.
What type of rental buildings are in Mississippi?
In Mississippi, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 5% of Mississippi's rentals, 43% are small-scale complexes with under 50 units, and 41% are single-family rentals.
Renting apartments in Mississippi under $500
Searching for apartments for rent in Mississippi under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Mississippi, where the average rent is $440 per month, there are 13 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Mississippi. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Mississippi going for $279 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.