Cheap Apartments for Rent in Morgantown, IN from $600 (17 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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 $750. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $805. Here is today’s list of the most affordable Morgantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$750
Polo Run ApartmentsThe Shetland StudioStudio,1BA$805
The Crossing at Pete Ellis1 Bedroom with Loft1BR,1BA$875
CedargateOne Bed One Bath1BR,1BA$899
Courts of Valle Vista1Bd/1Ba-Dn (BV)1BR,1BA$1,014

Best Value Apartments for Rent in Morgantown, IN and Nearby

As of April 20, 2025 the best value apartment in the Morgantown area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Morgantown apartment is the Rosewood Model at Auburn Place Apartments starting at $1,617 with a $1.11 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL3-SUN3BR,2BA$1.16
Auburn Place ApartmentsRosewood3BR,1.5BA$1.11
Arbor at Water's Edge4BR Downstairs4BR,2BA$1.11
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.14
THIRDTHIRD - The Knight - Bedroom A w/ Attached Bath...3BR,2BA$0.54
Park Madison Apartments2x2 R-Prem2BR,2BA$1.07
Copper Chase at Stones CrossingBismuth1BR,1BA$1.19
The Row ApartmentsThe Picket2BR,1BA$1.29
185 - COUNTRY VIEW APARTMENTS2B/1L-WD2BR,1BA$1.29
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.25

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Pet Friendly Lifestyle
Morgantown, IN

Ranked #111

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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See the most popular apartments and homes in Morgantown, IN

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Getting Around Morgantown, IN

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $750.

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

The lowest price for a Cheap One Bedroom Morgantown Apartment is $875 at The Crossing at Pete Ellis.

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 $950 at The Crossing at Pete Ellis.

What is the most affordable Morgantown Three Bedroom Apartment?

The best deal on a cheap Morgantown Three Bedroom Apartment rental is at Devonshire Apartments and starts from $1,564.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.