Rent in Tupelo, MS
Across Tupelo's 4 ZIP codes, a 2-bedroom typically rents for about $1,018 a month, with figures from $895–$1,044. The highest typical rent is in 38803 ($1,044) and the lowest in 38804 ($895). 2 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Lee County pay about 0.69% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $921 | $678–$921 | 4 |
| 1 bed | $871 | $799–$924 | 4 |
| 2 beds | $1,018 | $895–$1,044 | 4 |
| 3 beds | $1,289 | $888–$1,319 | 4 |
| 4 beds | $1,372 | $1,372–$1,625 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Tupelo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Tupelo, MS?
- About $1,018 a month: the median of the typical rents in 4 ZIP codes, which range from $895–$1,044. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Tupelo, MS?
- About $871 a month: the median of the typical rents in 4 ZIP codes, which range from $799–$924. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Tupelo, MS?
- About $1,289 a month: the median of the typical rents in 4 ZIP codes, which range from $888–$1,319. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Tupelo, MS?
- About $921 a month: the median of the typical rents in 4 ZIP codes, which range from $678–$921. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Tupelo, MS?
- About $1,372 a month: the median of the typical rents in 4 ZIP codes, which range from $1,372–$1,625. Figures are gross rent (rent plus tenant-paid utilities).
- Which Tupelo ZIP code has the highest rent?
- For a 2-bedroom, 38803 has the highest typical rent at $1,044 a month, and 38804 the lowest at $895.
- What is the property tax rate in Tupelo, MS?
- Owner-occupied homes in Lee County pay a typical 0.69% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Tupelo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).