489 E Harrison St
MartinsvilleIN46151
Cheap Homes for Rent in Morgantown, IN from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Morgantown.
859 S Cherry St
MartinsvilleIN46151
959 S Cherry St
MartinsvilleIN46151
590 E College Ave
MartinsvilleIN46151
1170 Leota Dr
MartinsvilleIN46151
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.
60 W Morgan St
MartinsvilleIN46151
1469 S Main St
MartinsvilleIN46151
1609 E Morgan St
MartinsvilleIN46151
1109 Harman Dr
MartinsvilleIN46151
419 W Highland St
MartinsvilleIN46151
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.
1199 Hospital Rd
FranklinIN46131
Showing Results 1-11, Page 1 of 1
Morgantown, IN Local Guide
Morgantown Town Hall by Vmenkov is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Morgantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morgantown 2 Bedroom Homes for Rent | $1,233 | $900 | $1,700 |
| Morgantown 3 Bedroom Homes for Rent | $1,728 | $1,299 | $2,195 |
| Morgantown 4 Bedroom Homes for Rent | $2,129 | $1,900 | $2,495 |
| Morgantown 5 Bedroom Homes for Rent | $2,702 | $2,245 | $3,200 |
Browse Top Homes for Rent in Morgantown
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Morgantown, IN Local Guide
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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. Continental Terrace in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $860. Here is today’s list of the most affordable Morgantown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| Continental Terrace | 2 Bedroom, 1 Bath | 2BR,1BA | $860 |
| Kingston Manor | Efficiency | Studio,1BA | $875 |
| Polo Run Apartments | The Pinto 2 BR 1 BA | 2BR,1BA | $881 |
| The Fairways at Valle Vista | Birdie | 1BR,1BA | $899 |
Best Value Apartments for Rent in Morgantown, IN and Nearby
As of May 28, 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 $1,349 with a $1.05 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.05 |
| Hartshire Lakes Apartments | Bayberry | 2BR,2BA | $1.37 |
| Auburn Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.16 |
| Lofton | Lofton 2A - Sublease / Lease Release | 2BR,2BA | $1.42 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.40 |
| Stonehedge Apartments | The Solis | 1BR,1BA | $1.41 |
| Continental Terrace | 2 Bedroom, 1 Bath | 2BR,1BA | $1.16 |
| The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.32 |
| Polo Run Apartments | The Thoroughbred 2 BR 1 BA | 2BR,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.
Read Article
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.
Read ArticleQuick 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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Explore Morgantown, IN Rentals by Map
See the most popular apartments and homes in Morgantown, IN
Frequently Asked Questions about Morgantown
What type of rentals are currently available in Morgantown?
There are currently 61 Apartments for Rent in Morgantown, IN with pricing that ranges from $699 to $3,844. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morgantown ranging from $850 to $3,200.
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 $850 to $3,200 with an average monthly rent of $1,681.
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 $699 to $3,844, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $2,195. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,760.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.