Cheap Apartments for Rent near Morgantown, IN from $600 (59 Rentals)

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

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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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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Grove Crossing
Rent Specials
$1,345 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,675
Total Monthly Price
$1,345 - $1,675
1 to 2 Bedroom Apartments Available Now

Grove Crossing

1680 Grove Crossing BlvdGreenwood, IN 46143
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
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Cedargate
Studio to 2 Bedroom Apartments

Cedargate

3073 E Amy LnBloomington, IN 47408
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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143

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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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

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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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 Waterbury Apartments in the Tracy Commons neighborhood priced from $775. Clearview in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $820. Here is today’s list of the most affordable Morgantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$775
ClearviewThe BristolStudio,1BA$820
Park RidgePark Ridge - 1 Bedroom - Waived Admin Fees & $3...1BR,1BA$849
Kingston ManorEfficiencyStudio,1BA$875
The Fairways at Valle VistaBirdie1BR,1BA$899
The Crossing at Pete Ellis1 Bedroom1BR,1BA$950
Polo Run ApartmentsThe Pinto 2 BR 1 BA2BR,1BA$960
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$975
Courts of Valle Vista1Bed/1Ba-Up (B)1BR,1BA$1,014
Mission HillsA2 Costa Mesa1BR,1BA$1,039

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of July 13, 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 3BR Downstairs Model at Arbor at Water's Edge starting at $1,474 with a $1.20 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$1.20
Arbor at Water's Edge3BR Downstairs3BR,2BA$1.20
Hartshire Lakes ApartmentsHawthorn3BR,2BA$1.36
Park Madison ApartmentsGarden Style 2 Bedroom/2 Bath Apartments2BR,2BA$1.09
Pinebrook Apartments2x22BR,2BA$1.39
Auburn Place2 Bedroom 1.5 Bath2BR,1.5BA$1.22
Copper Chase at Stones CrossingBismuth1BR,1BA$1.35
The Bristol ApartmentsThe Kennet1BR,1BA$1.33
St. Andrews1Bd/1Ba Superior Tub1BR,1BA$1.41
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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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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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!

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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 $849 at Park Ridge.

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 $925 at Kingston Manor.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.