
Cheap Homes for Rent in Morehead, KY from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Morehead.


132 Madison Spring

210 Cr-1327

467 Darley Creek

2228 Washington Ave

36-38 N Front 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.

4605 US Highway 60 W

1406 Oak St

39 N Burns Ave

1739 Jefferson Ave

207 W 4th St

2170 Sharkey Rd
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.

1494 Amster Grove Rd
Morehead, KY Local Guide

How much does it cost to rent a home in Morehead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morehead 2 Bedroom Homes for Rent | $1,292 | $850 | $2,200 |
| Morehead 3 Bedroom Homes for Rent | $1,764 | $950 | $3,295 |
| Morehead 4 Bedroom Homes for Rent | $2,873 | $2,319 | $3,900 |
| Morehead 5 Bedroom Homes for Rent | $2,929 | $2,929 | $2,929 |
Browse Top Homes for Rent in Morehead
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Morehead, KY Local Guide
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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 |
| Williamsburg Terrace | One Bedroom-Rent Based on Income | 1BR,1BA | $755 |
Best Value Apartments for Rent in Morehead, KY and Nearby
As of May 08, 2026 the best value apartment in the Morehead area is the $1.10 price per square foot B4 Stanton - 2 Bedroom, 3 Bathroom Model at Hamburg Farms in the in the Liberty Area neighborhood starting from $1,817. The second greatest value Morehead apartment is the Townhome Model at McGinnis Properties starting at $700 with a $0.46 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. |
|---|---|---|---|
| Hamburg Farms | B4 Stanton - 2 Bedroom, 3 Bathroom | 2BR,3BA | $1.10 |
| McGinnis Properties | Townhome | 2BR,1.5BA | $0.46 |
| Sawgrass Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.94 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| Williams Estates Apartments | Two Bedroom | 2BR,1BA | $1.15 |
| East Ridge Apartments | One Bedroom | 1BR,1BA | $0.81 |
| (Transitioned) Westmoreland | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.15 |
| 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 |
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!
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See the most popular apartments and homes in Morehead, KY
Frequently Asked Questions about Morehead
What type of rentals are currently available in Morehead?
There are currently 56 Apartments for Rent in Morehead, KY with pricing that ranges from $600 to $4,047. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morehead ranging from $657 to $3,900.
What is the current price range for Rental Homes in Morehead?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Morehead ranges from $657 to $3,900 with an average monthly rent of $1,903.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.