Cheap Apartments for Rent near Morgantown, IN from $699 (43 Rentals)

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

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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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143
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Continental Terrace
2 Bedroom Apartments

Continental Terrace

3315 E Longview AveBloomington, IN 47408
Student Housing

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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iMansion
1 Bedroom Apartments

iMansion

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

SummerHouse

4501 E 3rd StBloomington, IN 47401
Student Housing
  • Utilities Included

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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Showing Results 1-43, Page 1 of 1

Morgantown, IN Local Guide

Cheapest Available Morgantown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morgantown, IN is a 1 Bed unit found at Lofton in the Downtown Bloomington IN neighborhood priced from $749. Park Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Morgantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LoftonLofton - Individual Lease - 2bed/2bath1BR,2BA$749
Park RidgePark Ridge - 1 Bedroom - Waived Admin Fees & $3...1BR,1BA$749
Waterbury ApartmentsStudioStudio,1BA$775
ClearviewThe BristolStudio,1BA$815
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Kingston ManorEfficiencyStudio,1BA$875
Courts of Valle Vista1Bed/1Ba-Up (A)1BR,1BA$924
Auburn Place1 Bedroom 1 Bath1BR,1BA$942
The Crossing at Pete Ellis1 Bedroom1BR,1BA$950
Westminster Apartments and TownhomesBroderick1BR,1BA$990

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of September 09, 2026 the best value apartment in the Morgantown area is the $1.32 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $2,175. The second greatest value Morgantown apartment is the 3 Bedroom Model at Crescent Park Apartments starting at $1,300 with a $0.87 price per square foot in the Downtown Bloomington IN 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.
Mansfield Village Townhomes3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.32
Crescent Park Apartments3 Bedroom3BR,2BA$0.87
Arbor at Water's Edge4BR Upstairs4BR,2BA$1.10
Copper Chase at Stones CrossingPlatinum3BR,2BA$1.38
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Devonshire ApartmentsThe Wellington Renovated2BR,2BA$1.29
St. Andrews2Bd/2Ba T2BR,2BA$1.35
Stonehedge ApartmentsThe Solis1BR,1BA$1.38
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.32

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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Quick 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.

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

Explore Morgantown, IN Rentals by Map

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See the most popular apartments and homes in Morgantown, IN

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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 Waterbury Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Morgantown Apartment is $749 at Lofton.

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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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.