The Lofts (WV)
5000 Station St,
Morgantown, WV 26508
1-4 Beds | $552 - 2,344
Rental Market Trends in Morgantown, WV
What is the average rent in Morgantown, WV?
$862/month
Average Rent
573 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of November 2024, the average rent in Morgantown, WV is $862 per month. This is 45% lower than the national average rent of $1,559/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 $506 per month for a studio, $862 for a one-bedroom apartment, and around $1,049 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,555 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 increased by 0.5%, which averages out to $5 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Morgantown, WV
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
51%
$700 - $1,000/month
24%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
3%
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 is the most affordable neighborhood in Morgantown.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Morgantown?
Based on current rent prices, Downtown Morgantown is the most expensive neighborhood in Morgantown.
Neighborhood
Average Rent
Average Sq Ft
Which Morgantown neighborhoods have the most rentals available?
The neighborhood in Morgantown with the most apartments available is Downtown Morgantown .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Morgantown, WV?
Because the average rent in Morgantown is $862, you’ll want to make about $2,873 per month or $34,476 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.
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
$706/month
$706/month
Two Bedroom
$1,103/month
$1,103/month
Three Bedroom
$1,388/month
$1,388/month
Nearby City Rent Trends
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Property Management Companies in Morgantown, WV
Mountain Creek Properties
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13
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1,747
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10
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3 Communities in Morgantown
Greystar
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3,181
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879,996
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826
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2 Communities in Morgantown
Sharp Management Corporation
-
20
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5,154
Units
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14
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2 Communities in Morgantown
Cardinal Group Management and Advisory, LLC
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166
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36,070
Units
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89
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1 Community in Morgantown
Gates Hudson
-
105
Communities
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20,850
Units
-
40
Cities
1 Community in Morgantown
Hamilton Point Investments
-
34
Communities
-
8,822
Units
-
28
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1 Community in Morgantown
Core Spaces
-
34
Communities
-
8,969
Units
-
25
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1 Community in Morgantown
TM Associates
-
14
Communities
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662
Units
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13
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1 Community in Morgantown
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Methodology
† 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.
* Percentages may not total 100 due to rounding.