
Cheap Apartments for Rent in Morehead, KY from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Morehead.


Top Notch Townhomes & Storage

Townhomes & Flats at MSU

4605 US Highway 60 W

Boodry Place Apartments

Fort Gay Apartments

McGinnis Properties
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

East Ridge Apartments

Shawnee Trail Apartments

Williamsburg Terrace

Vines at Saddlebrook

Sunrise Suites

Ty Lane Apartments

Summit Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Polo Club Park - Senior/Affordable Housing

Studio 28 Apartments

Providence Hill Apartments

Gleneagles

4547-4535 Piedmont Rd

1515 Walnut St

114 Collins St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Paint Landing

Westmoreland Estates

509 Bloom St

132 Madison Spring

2228 Washington Ave

Webster Greene

36-38 N Front St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Morehead, KY Local Guide

How much does it cost to rent an apartment in Morehead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morehead Studio Apartments | $1,216 | $995 | $1,271 |
| Morehead 1 Bedroom Apartments | $1,327 | $600 | $2,881 |
| Morehead 2 Bedroom Apartments | $1,417 | $640 | $3,174 |
| Morehead 3 Bedroom Apartments | $1,741 | $935 | $2,357 |
Browse Top Apartments in Morehead
See all Apartments in MoreheadExplore Morehead
Morehead, KY Local Guide
- Nearby Cities
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Cheapest Available Morehead Apartments for Rent and Nearby
 The cheapest available apartment rental in Morehead, KY is a 1 Bed unit found at Fort Gay Apartments priced from $600. McGinnis Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Morehead apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $600 |
| McGinnis Properties | Townhome | 2BR,1BA | $700 |
| East Ridge Apartments | One Bedroom | 1BR,1BA | $725 |
| Shawnee Trail Apartments | One Bedroom | 1BR,1BA | $741 |
| Paint Landing | 2 Bedroom Unit | 2BR,1BA | $745 |
| Williamsburg Terrace | One Bedroom-Rent Based on Income | 1BR,1BA | $755 |
| Sunrise Suites | Suite | Studio,1BA | $795 |
| Ty Lane Apartments | 1 Bedroom (600sqft) | 1BR,1BA | $850 |
| Studio 28 Apartments | 1BR/1.0BA | 1BR,1BA | $899 |
| Summit Apartments | 2 Bed 1 Bath W/D HK | 2BR,1BA | $900 |
Best Value Apartments for Rent in Morehead, KY and Nearby
As of April 29, 2026 the best value apartment in the Morehead area is the $0.46 price per square foot Townhome Model at McGinnis Properties in the starting from $700. The second greatest value Morehead apartment is the 3 Bedroom Unit Model at Sawgrass Greene starting at $1,072 with a $0.94 price per square foot . Here is today’s list of the best values for Morehead apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| McGinnis Properties | Townhome | 2BR,1.5BA | $0.46 |
| Sawgrass Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.94 |
| The Lofts at Winchester! 2 BR, 1 Bath, Off-Street Parking, Small Pets Ok! | 3BR/1.0BA | 3BR,1BA | $1.14 |
| Paint Landing | 2 Bedroom Unit | 2BR,1.5BA | $0.72 |
| Williams Estates Apartments | Two Bedroom | 2BR,1BA | $1.15 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| East Ridge Apartments | One Bedroom | 1BR,1BA | $0.81 |
| Providence Hill Apartments | One-Bedroom | 1BR,1BA | $1.20 |
| Summit Apartments | 2 BD/1.5 BA | 2BR,1.5BA | $1.30 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Best Local Schools in Morehead, KY
Rowan County Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Morehead, KY Rentals by Map
See the most popular apartments and homes in Morehead, KY
Frequently Asked Questions about Cheap Morehead Apartments
What is the Cheapest Studio apartment in Morehead?
Currently the most affordable Cheap Studio Apartment in Morehead is at Sunrise Suites listed at $795.
How much is rent for a Cheap One Bedroom Morehead Apartment?
The lowest price for a Cheap One Bedroom Morehead Apartment is $600 at Fort Gay Apartments.
What is the lowest price for a Cheap Two Bedroom Morehead Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Morehead is starting from $640 at Fort Gay Apartments.
What is the most affordable Morehead Three Bedroom Apartment?
The best deal on a cheap Morehead Three Bedroom Apartment rental is at Shawnee Trail Apartments and starts from $1,042.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.