
Cheap Homes for Rent in Morganfield, KY from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Morganfield.


1521 Irvington Ave

1231 Culver Ave

610 N Main St

1330 SE 2nd St

658 E Louisiana St

1133 Bayard Park Dr
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.

640 Jefferson Ave

1313 N 2nd Ave

660 Taylor Ave

924 SE 6th St

927 Harmony Way

1124 S Harlan Ave

1023 Jefferson Ave
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.

208 Jefferson Ave

1102 Henning Ave

1807 S Kerth Ave

1404 Delmar Ave

905 Lincoln Ave

1025 Covert Ave

2325 Margybeth Ave
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.
Morganfield, KY Local Guide

How much does it cost to rent a home in Morganfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morganfield 2 Bedroom Homes for Rent | $982 | $700 | $1,200 |
| Morganfield 3 Bedroom Homes for Rent | $1,427 | $800 | $2,695 |
| Morganfield 4 Bedroom Homes for Rent | $1,248 | $1,000 | $1,495 |
Browse Top Homes for Rent in Morganfield
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Morganfield, KY Local Guide
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Cheapest Available Morganfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Morganfield, KY is a 1 Bed unit found at Anchor Court in the Howell neighborhood priced from $625. Graystone Henderson in the Henderson North End 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anchor Court | 1BR/1.0BA | 1BR,1BA | $625 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Crescent Court Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| Embassy Apartments | 0.1 | Studio,1BA | $685 |
| Heathmoore - Evansville | 1 Bed 1 Bath | 1BR,1BA | $700 |
Best Value Apartments for Rent in Morganfield, KY and Nearby
As of May 07, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.85 |
| Hornbrook Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.93 |
| Indian Woods | The Oak | 2BR,1BA | $1.05 |
| North Park | Berkshire | 2BR,1.5BA | $1.12 |
| Devonshire Gardens I & II | 1 Bed 1 Bath B | 1BR,1BA | $1.02 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $1.13 |
| Woodbridge Place | The Dogwood | 1BR,1BA | $1.14 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Morganfield
What type of rentals are currently available in Morganfield?
There are currently 52 Apartments for Rent in Morganfield, KY with pricing that ranges from $580 to $3,420. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morganfield ranging from $550 to $2,695.
What is the current price range for Rental Homes in Morganfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Morganfield ranges from $550 to $2,695 with an average monthly rent of $1,092.
How much are larger Three and Four Bedroom Rentals in Morganfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Morganfield range from $1,170 to $1,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,695. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.
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.