Cheap Apartments for Rent in Morganfield, KY from $500 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in Morganfield.

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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

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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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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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.

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included

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.

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The Rathbone Apartments
1 to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
  • Utilities Included
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Legacy Commons
Studio to 2 Bedroom Apartments

Legacy Commons

1101 S Lincoln Park DrEvansville, IN 47714
  • Utilities Included
property at 1330 SE 2nd St

$895 - $1,195

1 To 2 Bedroom Rentals

Available Now

1330 SE 2nd St

EvansvilleIN47713

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Graystone Henderson in the Henderson North End neighborhood priced from $625. Crescent Court Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Morganfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$625
Crescent Court Apartments1BR/1.0BA1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Village GreenCypress1BR,1BA$730
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
Foxfire West Apartments1.1 NS1BR,1BA$795
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
The Forge on MainStudio AStudio,1BA$813
Addison PlaceWindsor1BR,1BA$814

Best Value Apartments for Rent in Morganfield, KY and Nearby

As of April 28, 2026 the best value apartment in the Morganfield area is the $0.47 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $565. The second greatest value Morganfield apartment is the 2BR/1.0BA Model at Ross Center Village starting at $975 with a $0.85 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.
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.93
Indian WoodsThe Oak2BR,1BA$1.05
North ParkBerkshire2BR,1.5BA$1.12
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Parkside Apartments2 Bedroom2BR,1BA$1.03
Abbey Court ApartmentsCambridge1BR,1BA$1.13
Woodbridge PlaceThe Flowering Pink Dogwood1BR,1BA$1.21
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.19

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash 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.

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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.

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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 $685.

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

The lowest price for a Cheap One Bedroom Morganfield Apartment is $625 at Graystone Henderson.

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 $805 at Bradford Pointe Apartments.

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 $1,067.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.