Cheap Apartments for Rent in Morgantown, IN from $600 (53 Rentals)

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

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Kingston Manor
$875 - $1,080
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,055
Required Monthly Fees
$25
Total Monthly Price
$875 - $1,080
Studio to 3 Bedroom Apartments Available Now

Kingston Manor

3200 E Longview AveBloomington, IN 47408
Affordability
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  • Customer Reviewed

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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Lakeview Apartments
Rent Specials
$1,120 - $1,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,106 - $1,341
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Lakeview Apartments

1800 Lakeside DrFranklin, IN 46131
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  • Customer Reviewed

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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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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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143

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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Arbor at Water's Edge
1 to 4 Bedroom Apartments

Arbor at Water's Edge

4060 N 150 WColumbus, IN 47201
  • Utilities Included
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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing
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iMansion
1 Bedroom Apartments

iMansion

604 N Smith RdBloomington, IN 47408
Student Housing
  • Utilities Included
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SummerHouse
1 to 3 Bedroom Apartments

SummerHouse

4501 E 3rd StBloomington, IN 47401
Student Housing
  • Utilities Included
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The Row Apartments
2 to 3 Bedroom Apartments

The Row Apartments

57 Schoolhouse RdFranklin, IN 46131
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301 W Adams St
2 Bedroom Apartments

301 W Adams St

301 W Adams StFranklin, IN 46131
Student Housing

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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Morgantown, IN Local Guide

Cheapest Available Morgantown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morgantown, IN is a Studio unit found at Cedargate in the Downtown Bloomington IN neighborhood priced from $760. Waterbury Apartments in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Morgantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CedargateStudio StandardStudio,1BA$760
Waterbury ApartmentsStudioStudio,1BA$775
ClearviewThe BristolStudio,1BA$810
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Kingston ManorEfficiencyStudio,1BA$875
The Fairways at Valle VistaBirdie1BR,1BA$899
Westminster Apartments and TownhomesBroderick1BR,1BA$915
Polo Run ApartmentsThe Thoroughbred 2 BR 1 BA2BR,1BA$950
Auburn Place2 Bedroom 1 Bath2BR,1BA$956
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$975

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of April 07, 2026 the best value apartment in the Morgantown area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Morgantown apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,399 with a $1.09 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Morgantown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL33BR,2BA$1.20
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.09
Arbor at Water's Edge3BR Downstairs3BR,2BA$1.20
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Devonshire ApartmentsThe Wellington Renovated2BR,2BA$1.34
Pinebrook Apartments2x22BR,2BA$1.39
Copper Chase at Stones CrossingBismuth1BR,1BA$1.40
Honey CreekHive Renovated2BR,2BA$1.38
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$1.43

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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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:
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Frequently Asked Questions about Cheap Morgantown Apartments

What is the Cheapest Studio apartment in Morgantown?

Currently the most affordable Cheap Studio Apartment in Morgantown is at Cedargate listed at $760.

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

The lowest price for a Cheap One Bedroom Morgantown Apartment is $860 at Polo Run Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Morgantown is starting from $860 at Continental Terrace.

What is the most affordable Morgantown Three Bedroom Apartment?

The best deal on a cheap Morgantown Three Bedroom Apartment rental is at Kingston Manor and starts from $1,080.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.