$1,700 Per Month
- 3 Beds
- 1 Bath
- 1,450 Sq Ft
- House for Rent
1511 N Main St, Water Valley, MS 38965
Adorable 3br/1ba cottage close to downtown on North Main Street. You will love the screen porch and nice yard.
Frequently Asked Questions
How much does it cost to rent a single-family home in Water Valley, MS?
The median rent for a single-family home in Water Valley, MS is $1,700 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Water Valley, MS?
To comfortably afford the median rent in Water Valley, MS, a household needs to earn roughly $68,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,700 per month in Water Valley, MS, renters typically need to show $5,100 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Water Valley, MS?
In Water Valley, MS, the price-to-rent ratio is 10.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
