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RentData.org Logo Benton County Fair Market Rent FY 2023 Benton County, MS Rental Data

Fair Market Rent Prices in Benton County, MS :
$643 $678 $766 $1,037 $1,041
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Benton County are very low compared to the national average. This FMR area is less expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Benton County is $766 per month.

The previous year, rent for a two-bedroom home was $705 per month. This is a 8.65% increase year-over-year.

This FMR rate applies to Michigan City, MS, Falkner, MS, Hickory Flat, MS, Lamar, MS, Potts Camp, MS, Ashland, MS, Blue Mountain, MS, Myrtle, MS, Ripley, MS, Holly Springs, MS and other cities within the region. The Metro Code or CBSA code for this region is NCNTY28009N28009.

Additionally, This Fair Market Rent (FMR) area Benton County, MS spans one county or city in Mississippi which is listed in the table below. Estimated population of Benton County, MS FMR area is 8,275 people based on latest Census data.

Compared to the rest of Mississippi, the Benton County FMR area is more expensive than 50% of the state.

Mississippi Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Benton County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Benton County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 684
1-BR 1-Bedroom $ 722
2-BR 2-Bedroom $ 815
3-BR 3-Bedroom $ 1104
4-BR 4-Bedroom $ 1108
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2022 2023 2024 2025

There is just one county (listed below) within the Benton County, MS FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Memphis and Columbus - Tupelo - West Point.

County / Region Est. Population
Benton County, MS 8,275
Zip Codes in Benton County, MS

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

38603, 38610, 38629, 38633, 38635, 38642, 38647, 38650, 38659 and 38663

Lookup Fair Market Rent by Zip Code

What's Next?

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