What is the average rent of an apartment in Water Valley, MS?

The average rent of an apartment in Water Valley, MS is $1,500 per month. This is about 23% lower than the national average.

What are the cheapest months to find an apartment to rent in Water Valley, MS?

Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $840 per month.

There are 5 apartments to rent that are cheaper than the city’s average rent of $1,250.

In the last year, the average rent in Water Valley, MS was highest in Jan 2025 when it was $1,700 per month.

Water Valley, MS includes zip codes such as: 38965 .

Some nearby cities include: Taylor , Paris , Banner , Oakland , Coffeeville . These cities may have more rental options to explore.

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APPLY INSTANTLY
PET FRIENDLY
$840/mo
3 Beds
2 Baths
9 Private Road 4087,
Water Valley, MS 38965
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NEW - 2 DAYS AGO
APPLY INSTANTLY
PET FRIENDLY
$950/mo
2 Beds
1 Bath
1,229 sqft
536 County Road 220,
Water Valley, MS 38965
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APPLY INSTANTLY
PET FRIENDLY
$1,150/mo
3 Beds
2 Baths
18 Private Road 4083,
Water Valley, MS 38965
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APPLY INSTANTLY
PET FRIENDLY
$1,200/mo
2 Beds
1 Bath
1,063 sqft
1203 Jones St,
Water Valley, MS 38965
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PET FRIENDLY
$1,200/mo
2 Beds
2 Baths
921 sqft
72 Tammy Ln,
Water Valley, MS 38965
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$1,500/mo
3 Beds
1 Bath
2,000 sqft
410 Calhoun St #1,
Water Valley, MS 38965
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PET FRIENDLY
$1,600/mo
3 Beds
1 Bath
1,450 sqft
1511 N Main St,
Water Valley, MS 38965
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Apartments For Rent Near Water Valley, MS

Rent in Water Valley, MS varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Jan 2025.

View as a graph

In September 2026, Houses were the most affordable home type to rent compared with Apartments and Condos.

	1 bed	2 beds	3 beds	4 beds	All
All home types	—	$1,200	$1,500	—	$1,250
Apartments and Condos	—	—	$1,500	—	$1,500
Houses	—	$1,200	$840	—	$1,200

What is the average rent of an apartment in Water Valley, MS?
The average rent of an apartment in Water Valley, MS is $1,500 per month. This is about 23% lower than the national average.
What are the cheapest months to find an apartment to rent in Water Valley, MS?
Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $840 per month.
How many cheap apartments are available in Water Valley, MS?
There are 5 apartments to rent that are cheaper than the city’s average rent of $1,250.
When is the average rent most expensive in Water Valley, MS?
In the last year, the average rent in Water Valley, MS was highest in Jan 2025 when it was $1,700 per month.
What are some zip codes in Water Valley, MS?
Water Valley, MS includes zip codes such as: 38965.
What are some cities near Water Valley, MS?
Some nearby cities include: Taylor, Paris, Banner, Oakland, Coffeeville. These cities may have more rental options to explore.