Cheap Homes for Rent in Morgantown, IN from $800 (29 Rentals)

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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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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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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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Showing Results 1-29, 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. 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
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
Waterbury ApartmentsStudioStudio,1BA$775
Polo Run ApartmentsThe Morgan 1 BR 1 BA1BR,1BA$842
Kingston ManorEfficiencyStudio,1BA$875
Auburn Place2 Bedroom 1 Bath2BR,1BA$956
Courts of Valle Vista1Bd/1Ba-Up (DV)1BR,1BA$964
ClearviewThe Hampton1BR,1BA$970
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$975
Westminster Apartments and TownhomesStafford1BR,1BA$995
Mission HillsA2 Costa Mesa1BR,1BA$999

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of January 29, 2026 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 E1r Model at Brixin Franklin starting at $1,699 with a $1.16 price per square foot in the Cityview Farm 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
Brixin FranklinE1r4BR,2BA$1.16
Arbor at Water's Edge4BR Downstairs4BR,2BA$1.20
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Park Madison Apartments2x2 R-Prem2BR,2BA$1.26
LoftonLofton 2A - Sublease / Lease Release - Celebrat...2BR,2BA$1.42
Copper Chase at Stones CrossingTungsten1BR,1BA$1.36
Stonehedge ApartmentsThe Solis1BR,1BA$1.41
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$1.43

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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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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Frequently Asked Questions about Morgantown

What type of rentals are currently available in Morgantown?

There are currently 57 Apartments for Rent in Morgantown, IN with pricing that ranges from $650 to $6,873. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morgantown ranging from $800 to $3,495.

What is the current price range for Rental Homes in Morgantown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Morgantown ranges from $800 to $3,495 with an average monthly rent of $1,321.

How much are larger Three and Four Bedroom Rentals in Morgantown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Morgantown range from $650 to $6,873, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,725.

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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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.

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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.