
Cheap Homes for Rent near Shannon, MS from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Shannon.


2616 John Rankin Hwy

540 Pitts Loop

117 Herron Dr

1138 CR 194

1001 Co Rd 119
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.

10556 MS-363

63 Co Rd 4050

401 Cherry St

422 S Green St

313 Cemetery Rd

3765 MS-178
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.
Shannon, MS Local Guide

How much does it cost to rent a home in Shannon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shannon 2 Bedroom Homes for Rent | $1,103 | $650 | $1,400 |
| Shannon 3 Bedroom Homes for Rent | $1,650 | $1,099 | $2,400 |
| Shannon 4 Bedroom Homes for Rent | $2,206 | $1,500 | $3,100 |
| Shannon 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
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Shannon, MS Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Military Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $550 |
| Owls Den Apartments | 2 Bed 1 Bath | 2BR,1BA | $750 |
| Fox Run - Columbus | 2 x 1 | 2BR,1BA | $755 |
| The Gardens Apartments | 1x1The Gardens Apartments | 1BR,1BA | $765 |
| Lazy Acres | 2x1 | 2BR,1BA | $795 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meadows on Main | 2 bedroom townhome | 2BR,1.5BA | $1.00 |
| King's Creek | 2 Bedroom 1 -1/2 Bathroom Townhouse | 2BR,1.5BA | $1.03 |
| Canterbury Gardens | Three Bedroom/Three Bathroom | 3BR,3BA | $1.10 |
| Rivergate Apartments - Columbus, MS | 2 x 1 Flat Newly Renovated | 2BR,1BA | $0.87 |
| The Flatts Starkville | B1 Floor Plan | 2BR,2BA | $0.93 |
| Fox Run - Columbus | 2 x 1 | 2BR,1BA | $0.84 |
| Owls Den Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.98 |
| Ivie Lane Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.13 |
| Oakwood Village Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.09 |
| The Gardens Apartments | 1x1The Gardens Apartments | 1BR,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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Shannon
What type of rentals are currently available in Shannon?
There are currently 48 Apartments for Rent in Shannon, MS with pricing that ranges from $550 to $2,075. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shannon ranging from $650 to $3,250.
What is the current price range for Rental Homes in Shannon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shannon ranges from $650 to $3,250 with an average monthly rent of $1,841.
How much are larger Three and Four Bedroom Rentals in Shannon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shannon range from $741 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $676.
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

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.

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.

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.

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.