Cheap Apartments for Rent in Morgantown, IN from $600 (22 Rentals)

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

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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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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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. Clearview in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $755. Here is today’s list of the most affordable Morgantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
ClearviewThe BristolStudio,1BA$755
Waterbury ApartmentsStudioStudio,1BA$775
Polo Run ApartmentsThe Palomino 1 BR 1 BA1BR,1BA$857
Courts of Valle Vista1Bed/1Ba-Up (B)1BR,1BA$864

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of December 23, 2025 the best value apartment in the Morgantown area is the $1.18 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,899. The second greatest value Morgantown apartment is the 4BR Upstairs Model at Arbor at Water's Edge starting at $1,663 with a $1.15 price per square foot in the Downtown Columbus 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.
The Links at FranklinL33BR,2BA$1.18
Arbor at Water's Edge4BR Upstairs4BR,2BA$1.15
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.40
Founders Pointe ApartmentsJefferson3BR,2BA$1.37
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Park Madison Apartments2x2 R-Prem2BR,2BA$1.26
Yorktowne Farms Community2 Bed 2.5 Bath Townhome2BR,2.5BA$1.25
Pinebrook Apartments2x22BR,2BA$1.39
Brixin FranklinC1r2BR,2BA$1.37
St. Andrews1Bd/1Ba Superior 2 Shwr1BR,1BA$1.41

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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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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Pet Friendly Lifestyle
Morgantown, IN

Ranked #36

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Morgantown, IN Rentals by Map

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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 Clearview listed at $755.

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 $888 at Polo Run Apartments.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.