Cheap Apartments for Rent in Morganfield, KY from $500 (65 Rentals)

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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

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.

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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.

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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.

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711

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.

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The Rathbone Apartments
Studio to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
property at 924 SE 6th St
$800
1 Bedroom Rentals
Available Now
Affordability

924 SE 6th St

EvansvilleIN47713

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.

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Morganfield, KY Local Guide

Cheapest Available Morganfield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morganfield, KY is a 1 Bed unit found at 1210 Char Lee Dr in the Howell neighborhood priced from $500. Anchor Court Apartments in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Morganfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1210 Char Lee Dr1bed1bath1BR,1BA$500
Anchor Court Apartments1BR/1.0BA1BR,1BA$625
Embassy Apartments0.1Studio,1BA$660
Graystone Henderson1 Bedroom1BR,1BA$675
Addison PlaceWindsor1BR,1BA$699
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Fairway Plaza2 Bedroom2BR,1BA$740
Lakewood Flats and TownhomesThe Dogwood1BR,1BA$745
North ParkMcCallister1BR,1BA$749
Abbey Court ApartmentsCambridge1BR,1BA$749

Best Value Apartments for Rent in Morganfield, KY and Nearby

As of September 16, 2026 the best value apartment in the Morganfield area is the $1.12 price per square foot 3 Bedroom Townhome Model at Northbend Townhomes in the in the Lincoln-Bellemeade neighborhood starting from $1,187. The second greatest value Morganfield apartment is the Washington Court - 1 Bedroom 1 Bathroom Model at Washington Court starting at $1,089 with a $1.18 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Morganfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northbend Townhomes3 Bedroom Townhome3BR,1.5BA$1.12
Washington CourtWashington Court - 1 Bedroom 1 Bathroom1BR,1BA$1.18
Fairway Plaza2 Bedroom2BR,1BA$0.82
Addison PlaceSt Charles2BR,1BA$1.15
Parkside Apartments2 Bedroom2BR,1BA$1.03
1210 Char Lee Dr1bed1bath1BR,1BA$0.67
North ParkMcCallister1BR,1BA$1.00
Abbey Court ApartmentsCambridge1BR,1BA$1.01
Woodbridge Place Apartments1x1-7001BR,1BA$1.14
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$1.22

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Morganfield, KY Rentals by Map

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Frequently Asked Questions about Cheap Morganfield Apartments

What is the Cheapest Studio apartment in Morganfield?

Currently the most affordable Cheap Studio Apartment in Morganfield is at Embassy Apartments listed at $660.

How much is rent for a Cheap One Bedroom Morganfield Apartment?

The lowest price for a Cheap One Bedroom Morganfield Apartment is $500 at 1210 Char Lee Dr.

What is the lowest price for a Cheap Two Bedroom Morganfield Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Morganfield is starting from $700 at 1210 Char Lee Dr.

What is the most affordable Morganfield Three Bedroom Apartment?

The best deal on a cheap Morganfield Three Bedroom Apartment rental is at Northbend Townhomes and starts from $1,187.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.