The Lofts (WV)
5000 Station St,
Morgantown, WV 26508
1-4 Beds | $587 - $2,348
Rental Market Trends in Morgantown, WV
What is the average rent in Morgantown, WV?
$864/month
Average Rent
579 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of March 2025, the average rent in Morgantown, WV is $864 per month. This is 45% lower than the national average rent of $1,558/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 $515 per month for a studio, $864 for a one-bedroom apartment, and around $1,074 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,585 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 March 2025
Legend
2024
2025
Rent Ranges in Morgantown, WV
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
49%
$700 - $1,000/month
28%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
4%
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 West Virginia North Area" 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, West Virginia North Area 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 West Virginia North Area and 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 $864, you’ll want to make about $2,880 per month or $34,560 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 12.2% lower than the national average. Generally, housing in Morgantown is 28.7% less expensive than the national average, with rent falling between $515 - $1,585. You can expect to pay 3.6% less for groceries, 6.8% less for utilities, and 6.8% less 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
-
$551/month
One Bedroom
$711/month
$878/month
Two Bedroom
$1,094/month
$1,030/month
Three Bedroom
$1,468/month
$1,462/month
Nearby City Rent Trends
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Woda Cooper Companies
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Coastal Ridge Real Estate
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Gates Hudson
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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 February 2025.
* Percentages may not total 100 due to rounding.