Waveland, Mississippi Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Waveland, Mississippi rental market.
Waveland, Mississippi
Average Apartment Rent
$789
Y-o-Y Change in Average
Apartment Rent
-11.4%
As of February 2026
Compared to a year ago, Waveland, Mississippi apartments have recorded a -11.4% rent decrease.
Waveland, Mississippi Average apartment rent trend
Waveland, Mississippi Average Apartment Rent
Waveland, Mississippi Housing tenure**
Renters take up 33% of Waveland, Mississippi real estate, occupying a total of 982 units, while homeowners live in 2,007 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$28,851
Average household size of renter-occupied housing units**
1.98
Rental vacancy rate**
13.5%
Waveland, Mississippi Renter-occupied housing units by no. of bedrooms**
There are 448 rentals in Waveland, Mississippi with 3 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 6 units. Overall, the median number of rooms in Waveland, Mississippi homes for rent is 4.3.
Waveland, Mississippi Renter-occupied units by age of householder**
Most condos for rent in Waveland, Mississippi are occupied by residents in the 45 - 54 years age group (38%), followed by those in the 35 - 44 years age group (13%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Waveland, Mississippi Renter-occupied housing units by family type**
Waveland, Mississippi Renter-occupied housing units by the presence of own children**
A total of 438 apartments for rent in Waveland, Mississippi, or 45% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 294 units. All in all, the median size of a renter-occupied household in Waveland, Mississippi is 1.98.
Waveland, Mississippi Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Waveland, Mississippi.
Waveland, Mississippi Renter-occupied units by year structure built**
The highest share of Waveland, Mississippi apartment rentals, namely 33% or 326 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (23%, 225 units), and the ones Built 2010 - 2019 (23%, 223 units).
Waveland, Mississippi Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Waveland, Mississippi renters (37%) moved in 2018 to 2020, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Waveland, Mississippi condos for rent is 2019.
Waveland, Mississippi Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Waveland, Mississippi renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 24% have No vehicle available.
Waveland, Mississippi Means of transportation to work of householders living in renter-occupied housing units**
Waveland, Mississippi Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Waveland, Mississippi apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
