Cheap Apartments for Rent near Hernando, MS from $607 (45 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Hernando, MS Local Guide

Cheapest Available Hernando Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hernando, MS is a 1 Bed unit found at Mill Creek Apartments in the South Memphis neighborhood priced from $607. Pinetree Place Apartments in the South Memphis neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Hernando apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$607
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
The Posts1 Bedroom 1 Bath1BR,1BA$775
Highland Meadows Apartments1x1 7501BR,1BA$775
Welcome to Holmes Pointe Apartments!B12BR,1BA$775
Flairwood Apartments2x1.52BR,1BA$790
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1BA$875
Wilson TownhomesB12BR,1BA$1,125
Southaven Pointe Apartments1BR 1BA (743 SF)1BR,1BA$1,133
The Crescent at 161Renovated 2 Bedroom 2 Bath2BR,2BA$1,225

Best Value Apartments for Rent in Hernando, MS and Nearby

As of September 07, 2026 the best value apartment in the Hernando area is the $0.87 price per square foot 3 Bedroom 2 Bathroom Model at Sutton at Shelby in the in the South Memphis neighborhood starting from $1,175. The second greatest value Hernando apartment is the 3 Bedroom Model at The Trace at 161 starting at $1,495 with a $1.11 price per square foot in the DeSoto County 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.
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
The Trace at 1613 Bedroom3BR,2BA$1.11
Wilson TownhomesB12BR,1.5BA$0.94
Weatherstone Apartments2 Bedroom, 2 Bathroom2BR,2BA$1.11
Shelby Pointe TownhomesB12BR,1.5BA$0.89
Flairwood Apartments2x1.52BR,1.5BA$0.79
Highland Meadows Apartments1x1 7501BR,1BA$1.03
Welcome to Holmes Pointe Apartments!B12BR,1BA$1.03
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.93
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Hernando, MS

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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 $607 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 Flairwood Apartments and starts from $880.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.