
Cheap Apartments for Rent in Morehead, KY from $300 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Morehead.


Townhomes & Flats at MSU

Boodry Place Apartments

4617 US-60

Fort Gay Apartments

Wheelersburg 68 Apartments

McGinnis Properties

Total Monthly Price
East Ridge Apartments

Shawnee Trail Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Williamsburg Terrace

Vines at Saddlebrook

Ty Lane Apartments

Summit Apartments

Studio 28

Polo Club Park - Senior/Affordable Housing

Webster Greene

Providence Hill Apartments

Gleneagles
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Sunrise Suites

320 Clintonville Rd

The Resort Apartments

The Lofts at Winchester

Total Monthly Price
Williams Estates Apartments

The BLVD at Hays

Springs At Hamburg

Legacy Lake Apartments

1809 at Winchester
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Reserve at Hamburg

4547-4535 Piedmont Rd

1600 5th St

(Transitioned) Westmoreland

1207 High St

113 Glover St

36-38 N Front St

532 Hanson St

205 Clay St
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.

818 High St

356 Oxford Dr

348 Davis Ct
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 | $1,034 | $650 | $1,317 |
| Morehead 1 Bedroom Apartments | $1,350 | $600 | $2,897 |
| Morehead 2 Bedroom Apartments | $1,490 | $640 | $3,392 |
| Morehead 3 Bedroom Apartments | $1,922 | $935 | $4,045 |
Browse Top Apartments in Morehead
See all Apartments in MoreheadExplore Morehead
Morehead, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 in the Wayne County neighborhood priced from $600. Wheelersburg 68 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. 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 |
| Wheelersburg 68 Apartments | Studios | Studio,1BA | $650 |
| McGinnis Properties | Townhome | 2BR,1BA | $700 |
| Shawnee Trail Apartments | One Bedroom | 1BR,1BA | $741 |
| Williamsburg Terrace | One Bedroom-Rent Based on Income | 1BR,1BA | $755 |
| (Transitioned) Westmoreland | 1 Bedroom 1 Bathroom | 1BR,1BA | $790 |
| Studio 28 | 0BR/1.0BA | Studio,1BA | $814 |
| Vines at Saddlebrook | 2 x 1 | 2BR,1BA | $855 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1BA | $900 |
| Providence Hill Apartments | One-Bedroom | 1BR,1BA | $960 |
Best Value Apartments for Rent in Morehead, KY and Nearby
As of July 28, 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 B2 Stansbury - 2 Bedroom, 2.5 Bathroom Model at Hamburg Farms starting at $1,594 with a $1.25 price per square foot in the Liberty Area neighborhood. 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 |
| Hamburg Farms | B2 Stansbury - 2 Bedroom, 2.5 Bathroom | 2BR,2.5BA | $1.25 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| Gleneagles | Two Bedroom | 2BR,2BA | $1.33 |
| Vines at Saddlebrook | 2 x 1 | 2BR,1BA | $1.02 |
| (Transitioned) Westmoreland | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.15 |
| Providence Hill Apartments | One-Bedroom | 1BR,1BA | $1.20 |
| Townhomes & Flats at MSU | Gold Flat 2 Bedroom 1 | 2BR,1BA | $1.35 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| Wheelersburg 68 Apartments | Studios | Studio ,1BA | $1.18 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Wheelersburg 68 Apartments listed at $650.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.