Water Valley, MS Houses for Rent

/65
$3,500 Per Month
- 4 Beds
- 2.5 Baths
- 3,356 Sq Ft
- House for Rent
301 Market St, Water Valley, MS 38965

FOR RENT - Available July 15! 301 Market Street | Water Valley, MS Step into timeless charm with modern comfort at this beautifully restored home in the heart of historic downtown Water Valley. Built in 1903, this one-of-a-kind property offers the perfect blend of character, space, and updated amenities. Inside, you'll find spacious living areas filled with natural light, beautiful architectural

Delacy Howell Delacy Howell Realty

301 Market St, Water Valley, MS 38965
/10
$1,100 Per Month
- 2 Beds
- 2 Baths
- 921 Sq Ft
- Mobile Home for Rent
72 Tammy Ln, Water Valley, MS 38965

Looking for a reasonable place to rent? Look no further than this 2br/2ba manufactured home located off of Hwy. 32 in the Water Valley Boat Landing community. The home has a nice, large front deck plus screened-in back porch. Large yard. Even comes with its own in-ground storm shelter.

72 Tammy Ln, Water Valley, MS 38965
/10
$1,675 Per Month
- 3 Beds
- 2 Baths
- 1,636 Sq Ft
- House for Rent
310 Wood St, Water Valley, MS 38965

3 bedroom 2 bathroom home located at 310 Wood Street in Water Valley, MS. It is a pet friendly residence that is within walking distance of Main Street and many local shops/restaurants. The large, covered front porch is the perfect place for relaxing. This home has central Heat & Air. The City of Water Valley handles the electricity, water, and sewer. CenterPoint Energy provides natural gas to

310 Wood St, Water Valley, MS 38965

Mississippi Yalobusha County

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 $2,588 per month, though prices vary by neighborhood, size, and property type. As of July 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 $103,480 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 $2,587 per month in Water Valley, MS, renters typically need to show $7,761 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 6.9, 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.

Rental Home Trends in Water Valley, MS

There are currently 3 single-family homes available for rent in Water Valley, MS. The median rent is $2,588 per month, with 3-bedroom houses renting at $1,675 and 4-bedroom houses at $3,500.

Rental Home Trends

Number of Houses for Rent 3	Median Single Family Home Rent $2,588
Median 3 Bedroom Single Family Home Rent $1,675	Median 4 Bedroom Single Family Home Rent $3,500

How to Rent a Home

Houses for Rent by Bedrooms in Water Valley

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