Cheap Apartments for Rent near Shannon, MS from $300 (39 Rentals)

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

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included
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1301 20th St N
2 Bedroom Apartments

1301 20th St N

1301 20th St NColumbus, MS 39701

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Maroon Manor
2 Bedroom Apartments

Maroon Manor

200 Catherine StStarkville, MS 39759
  • Utilities Included
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Canterbury Gardens
1 to 3 Bedroom Apartments

Canterbury Gardens

193 Old Mayhew RdStarkville, MS 39759
  • Utilities Included

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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Showing Results 1-39, Page 1 of 1

Shannon, MS Local Guide

Cheapest Available Shannon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shannon, MS is a 1 Bed unit found at Military Square Apartments in the Downtown Columbus MS neighborhood priced from $550. Owls Den Apartments in the Downtown Columbus MS neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Shannon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Military Square Apartments1 Bed, 1 bath1BR,1BA$550
Owls Den Apartments2 Bed 1 Bath2BR,1BA$750
Fox Run - Columbus2 x 12BR,1BA$755
The Gardens Apartments1x1The Gardens Apartments1BR,1BA$765
Lazy Acres2x12BR,1BA$795
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$800
Rivergate Apartments - Columbus, MS2 x 1 Flat Newly Renovated2BR,1BA$825
Monarch Creek1 Bedroom 1 Bathroom - A11BR,1BA$838
Ivie Lane Apartments2 Beds, 1 bath2BR,1BA$845
Canterbury GardensTwo Bedroom/One and Half Bath2BR,1BA$1,010

Best Value Apartments for Rent in Shannon, MS and Nearby

As of July 22, 2026 the best value apartment in the Shannon area is the $1.00 price per square foot 2 bedroom townhome Model at The Meadows on Main in the starting from $1,150. The second greatest value Shannon apartment is the 2 Bedroom 1 -1/2 Bathroom Townhouse Model at King's Creek starting at $1,170 with a $1.03 price per square foot . 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.
The Meadows on Main2 bedroom townhome2BR,1.5BA$1.00
King's Creek2 Bedroom 1 -1/2 Bathroom Townhouse2BR,1.5BA$1.03
Canterbury GardensThree Bedroom/Three Bathroom3BR,3BA$1.10
Rivergate Apartments - Columbus, MS2 x 1 Flat Newly Renovated2BR,1BA$0.87
The Flatts StarkvilleB1 Floor Plan2BR,2BA$0.93
Fox Run - Columbus2 x 12BR,1BA$0.84
Owls Den Apartments2 Bed 1 Bath2BR,1BA$0.98
Ivie Lane Apartments2 Beds, 1 bath2BR,1BA$1.13
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$1.09
The Gardens Apartments1x1The Gardens Apartments1BR,1BA$1.06

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!

Explore Shannon, MS Rentals by Map

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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 $550 at Military Square 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 $670 at Military Square Apartments.

What is the most affordable Shannon Three Bedroom Apartment?

The best deal on a cheap Shannon Three Bedroom Apartment rental is at Military Square Apartments and starts from $750.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.