Cheap Apartments for Rent in Hernando, MS from $600 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hernando.

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Hernando, MS Local Guide

Cheapest Available Hernando Apartments for Rent

 

The cheapest available apartment rental in Hernando, MS is a 2 Beds unit found at Pinetree Place Apartments in the South Memphis neighborhood priced from $625. Mill Creek Apartments in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $628. Here is today’s list of the most affordable Hernando apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$628
Holmes Pointe ApartmentsB12BR,1BA$850
Highland Meadows Apartments2x1.5 9502BR,1BA$875
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1BA$875
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!B12BR,1BA$1,025
The Posts2 Bedroom 2 Bath w/ Den2BR,2BA$1,030
The Crescent at 161Renovated 1 Bedroom 1 Bath1BR,1BA$1,075
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B12BR,1BA$1,095
The Luxe of Southaven1 Bedroom - 8641BR,1BA$1,099

Best Value Apartments for Rent in Hernando, MS

As of June 05, 2026 the best value apartment in the Hernando area is the $1.08 price per square foot 3 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the in the McKeller neighborhood starting from $1,599. The second greatest value Hernando apartment is the 3 Bedroom 2 Bathroom Model at Sutton at Shelby starting at $1,175 with a $0.87 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Hernando apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Weatherstone Apartments3 Bedroom, 2 Bathroom3BR,2BA$1.08
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
The Trace at 1613 Bedroom3BR,2BA$1.11
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B22BR,1.5BA$0.93
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!B12BR,1.5BA$0.93
The Posts3 Bedroom 2 Bath3BR,2BA$1.02
Highland Meadows Apartments2x1.5 9502BR,1.5BA$0.92
Holmes Pointe ApartmentsB12BR,1BA$1.13
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.96
Pinetree Place Apartments1 Bedroom Premium Remodel1BR,1BA$1.13

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Hernando Apartments

How much is rent for a Cheap One Bedroom Hernando Apartment?

The lowest price for a Cheap One Bedroom Hernando Apartment is $628 at Mill Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Hernando Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hernando is starting from $625 at Pinetree Place Apartments.

What is the most affordable Hernando Three Bedroom Apartment?

The best deal on a cheap Hernando Three Bedroom Apartment rental is at The Posts and starts from $1,100.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.