Cheap Apartments for Rent in Shannon, MS from $300 (23 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

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.

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Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Shannon, MS Local Guide

Cheapest Available Shannon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shannon, MS is a 2 Beds unit found at The Ridge Apartments in the Cotton District neighborhood priced from $775. Oakwood Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Shannon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Ridge Apartments2 BD 1 BA2BR,1BA$775
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$800
Maroon ManorTwo Bed2BR,1BA$800
Cypress Park Apartments2 Bedroom2BR,2BA$818
Canterbury GardensTwo Bedroom/One and Half Bath2BR,1BA$995

Best Value Apartments for Rent in Shannon, MS and Nearby

As of July 21, 2025 the best value apartment in the Shannon area is the $0.92 price per square foot 3 Bedroom Model at Cypress Park Apartments in the starting from $1,149. The second greatest value Shannon apartment is the Three Bedroom/One and Two Half Baths Model at Canterbury Gardens starting at $1,200 with a $1.03 price per square foot in the Cotton District neighborhood. Here is today’s list of the best values for Shannon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cypress Park Apartments3 Bedroom3BR,2BA$0.92
Canterbury GardensThree Bedroom/One and Two Half Baths3BR,1.5BA$1.03
The Meadows on Main2 bedroom townhome2BR,1.5BA$0.96
Trace Ridge2 bdrm 2 bath2BR,2BA$1.07
Boggan Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.13
Chanticleer Apartments3 x 1.5 Flat New Construction3BR,1.5BA$1.32
The Ridge Apartments2 BD 1 BA2BR,1BA$0.91
Grand Ole Oaks1 bdrm 1bath1BR,1BA$1.37
Maroon ManorTwo Bed2BR,1BA$1.07
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$1.09

Quick Rent Budget Calculator

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

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Getting Around Shannon, MS

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Shannon Apartments

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

The lowest price for a Cheap One Bedroom Shannon Apartment is $795 at The Ridge Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shannon is starting from $775 at The Ridge Apartments.

What is the most affordable Shannon Three Bedroom Apartment?

The best deal on a cheap Shannon Three Bedroom Apartment rental is at Cypress Park Apartments and starts from $1,149.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.