Cheap Homes for Rent in Shannon, MS from $600 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 Reunion Apartments in the Downtown Columbus MS neighborhood priced from $697. Fox Run Apartments in the Downtown Columbus MS neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $735. Here is today’s list of the most affordable Shannon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reunion ApartmentsReserve Apartments 1x11BR,1BA$697
Fox Run Apartments2 Bedroom2BR,1BA$735
Rivergate1x1 Flat Newly Renovated1BR,1BA$750

Best Value Apartments for Rent in Shannon, MS and Nearby

As of May 12, 2025 the best value apartment in the Shannon area is the $1.22 price per square foot Three Bedroom Model at The Colony Apartment Homes in the starting from $1,526. The second greatest value Shannon apartment is the 2 bedroom townhome Model at The Meadows on Main starting at $1,075 with a $0.93 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 Colony Apartment HomesThree Bedroom3BR,2BA$1.22
The Meadows on Main2 bedroom townhome2BR,1.5BA$0.93
Cypress Park Apartments2 Bedroom2BR,2BA$0.99
Monarch Creek2 Bedroom Two Bathroom-Deluxe2BR,2BA$0.86
Boggan Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.11
Fox Run Apartments1 Bedroom1BR,1BA$0.82
College View2X22BR,2BA$1.15
Reunion ApartmentsReserve Apartments 1x11BR,1BA$0.93
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$1.09
Rivergate1x1 Flat Newly Renovated1BR,1BA$1.15

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Shannon

What type of rentals are currently available in Shannon?

There are currently 38 Apartments for Rent in Shannon, MS with pricing that ranges from $300 to $2,275. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shannon ranging from $650 to $5,000.

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 $5,000 with an average monthly rent of $1,852.

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 $1,015 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,600. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $735.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.