Cheap Apartments for Rent in Independence, MS from $700 (34 Rentals)

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

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Showing Results 1-34, Page 1 of 1

Independence, MS Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 

The cheapest available apartment rental in Independence, MS is a 1 Bed unit found at Ashland Lakes Apartments in the Brooks Manor neighborhood priced from $782. Park at Forest Hill in the Windyke-Southwind neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $916. Here is today’s list of the most affordable Independence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashland Lakes ApartmentsOne Bedroom1BR,1BA$782
Park at Forest HillA21BR,1BA$916
Waterford Place Apartment HomesOne Bedroom - 679 sqft1BR,1BA$1,095
The Luxe of Southaven1 Bedroom - 8641BR,1BA$1,099
Southwind Lakes ApartmentsSW1 1 bed 1 bath Downstairs1BR,1BA$1,100
The Grove of Cayce2bedroom x 2bath2BR,2BA$1,100
Southaven Pointe Apartments1BR 1BA (743 SF)1BR,1BA$1,123
The DeSotoMagnolia1BR,1BA$1,181
Gramercy East Apartments2 Bed 2 Bath Classic2BR,2BA$1,196
Goodman Manor Apartments(Phase 1) Available Now2BR,1BA$1,225

Best Value Apartments for Rent in Independence, MS and Nearby

As of June 05, 2026 the best value apartment in the Independence area is the $1.22 price per square foot Mitchell - 3 Bedroom + Den Model at Cayce Highlands in the starting from $1,895. The second greatest value Independence apartment is the Laurel Model at The DeSoto starting at $1,587 with a $1.32 price per square foot . Here is today’s list of the best values for Independence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cayce HighlandsMitchell - 3 Bedroom + Den3BR,2.5BA$1.22
The DeSotoLaurel3BR,2BA$1.32
The Preserve at Forest CreekCedar Elm - Renovated2BR,2BA$1.40
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Avalon at Horn LakeRenovated 2 Bed 2 Bath - D2BR,2BA$1.35
Gramercy East Apartments2 Bed 2 Bath Renovated2BR,2BA$1.31
Irene Woods ApartmentsCandace2BR,1BA$1.41
The Grove of Cayce3bedroom x 2bath3BR,2BA$1.39
The Luxe of Southaven1 Bedroom - 8641BR,1BA$1.27
Park at Forest HillA21BR,1BA$1.37

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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Quick Rent Budget Calculator

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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 Independence Apartments

What is the Cheapest Studio apartment in Independence?

Currently the most affordable Cheap Studio Apartment in Independence is at Springs at Buckingham Farms listed at $1,258.

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

The lowest price for a Cheap One Bedroom Independence Apartment is $782 at Ashland Lakes Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Independence is starting from $1,100 at The Grove of Cayce.

What is the most affordable Independence Three Bedroom Apartment?

The best deal on a cheap Independence Three Bedroom Apartment rental is at The Luxe of Southaven and starts from $1,250.

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

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.