The Lofts (WV)
5000 Station St,
Morgantown, WV 26508
2-4 Beds | $587 - $2,444
Rental Market Trends in Morgantown, WV
What is the average rent in Morgantown, WV?
$857/month
Average Rent
578 Sq Ft
Average Apartment Size
-1.5%
Decrease in the Last Year
As of June 2025, the average rent in Morgantown, WV is $857 per month. This is 47% lower than the national average rent of $1,627/month, making renting in Morgantown more affordable than most cities in the US. When you rent an apartment in Morgantown, you can expect to pay about $517 per month for a studio, $857 for a one-bedroom apartment, and around $1,076 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,664 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Morgantown, WV?
In the past year, rent has decreased by 1.5%, which averages out to $12 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Morgantown, WV
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
44%
$700 - $1,000/month
33%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Morgantown?
Based on current rent prices, Downtown Morgantown and Independence Hill" are the most affordable neighborhoods in Morgantown.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Morgantown?
Based on current rent prices, Independence Hill and Downtown Morgantown" are the most expensive neighborhoods in Morgantown.
Neighborhood
Average Rent
Average Sq Ft
Which Morgantown neighborhoods have the most rentals available?
The neighborhoods in Morgantown with the most apartments available are Downtown Morgantown and Independence Hill" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Morgantown, WV?
Because the average rent in Morgantown is $857, you’ll want to make about $2,856 per month or $34,272 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Morgantown, WV is 0.7% higher than the national average. Generally, housing in Morgantown is 27.3% less expensive than the national average, with rent falling between $517 - $1,664. You can expect to pay 3.3% less for groceries, 9.9% less for utilities, and 3.5% more for transportation.
How does Morgantown, WV compare to other nearby cities and neighborhoods?
Use the tool below to compare Morgantown, WV to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$707/month
-
Two Bedroom
$1,116/month
-
Three Bedroom
$1,538/month
-
Nearby City Rent Trends
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Cardinal Group Management and Advisory, LLC
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.