Carnation Village
514 Carnation St,
Tupelo, MS 38801
2 Beds | $1,260
Rental Market Trends in Tupelo, MS
What is the average rent in Tupelo, MS?
$821/month
Average Rent
664 Sq Ft
Average Apartment Size
+4.2%
Increase in the Last Year
As of March 2025, the average rent in Tupelo, MS is $821 per month. This is 47% lower than the national average rent of $1,558/month, making renting in Tupelo more affordable than most cities in the US. When you rent an apartment in Tupelo, you can expect to pay about per month for a studio, $821 for a one-bedroom apartment, and around $962 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,095 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Tupelo, MS?
In the past year, rent has increased by 4.2%, which averages out to $35 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Tupelo, MS
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
65%
$700 - $1,000/month
25%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Tupelo, MS?
Because the average rent in Tupelo is $821, you’ll want to make about $2,736 per month or $32,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Tupelo, MS is 16.9% lower than the national average. Generally, housing in Tupelo is 29.8% less expensive than the national average, with rent falling between $0 - $1,095. You can expect to pay 4.9% less for groceries, 16.3% less for utilities, and 10.2% less for transportation.
How does Tupelo, MS compare to other nearby cities and neighborhoods?
Use the tool below to compare Tupelo, MS to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.