The median rent for an apartment in Morgantown, WV increased by 7.1% to 1.389 $. The average rent for a 1 bedroom apartment in Morgantown, WV is $809. The average rent for a studio apartment in Morgantown, WV is $530. A 2-bed house rent price declined by an average 1.6%, it now goes for $1,673. 2020 Morgantown median and average rent data will be released in September of 2021. 1 Bed • 1 Bath. Data on deptofnumbers.com is for informational purposes only. The average home rent in this residential submarket is $1,018. 1. At RentalGuide.net, we have comprehensive rental listings to help you find Morgantown apartments for rent. Median gross rent for Morgantown peaked in real terms in 2015 at $918 and is now $143 (15.58%) lower. Fair Market Rent prices in Morgantown are average compared to the national average. The US average is 4.6%. Real dollars are calculated using the CPI-U less shelter series. $600. This FMR area is more expensive than 72% of other FMR areas. 650 - 1,600 Sq.Ft. Fair Market Rent prices in Morgantown are high compared to the national average. (304) 215-1319. Data is also available below for Morgantown rental vacancy rates, Morgantown rent as a percent of median income and the fraction of renters in Morgantown. Luxury Community. - Tax Rates can have a big impact when Comparing Cost of Living. 5 bds. Rent Trends As of January 2021, the average apartment rent in Morgantown, WV is $536 for a studio, $777 for one bedroom, $881 for two bedrooms, and $1,375 for three bedrooms. With 30,549 people, 10,522 houses or apartments, and a median cost of homes of $236,375, Morgantown real estate is some of the most expensive in West Virginia, although Morgantown home values aren't among America's most expensive. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Data records for this series originated in 2005. Since then it has fallen by 6.19% to 6.59%. An apartment unit for rent in this submarket costs renters from $495 to $1,595. Median Rent. Westover, located near Morgantown in Monongalia County, has a cost of living index of 94, which is about 10 percent lower than the state’s average. 389 Gilmore St. Morgantown, WV 26505. Most Affordable. West Virginia University is located in the city. $851. Average gross rent for Morgantown peaked in nominal terms in 2018 at $895 and is now $143 (15.98%) lower. $813 - $1,024. An average room will now go for 597 $, the median rent price for a room decreased by 10.3%. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Morgantown West Virginia was 6.59% according to Census ACS data. How much are 5+ bedroom apartments near West Virginia cost? (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). You can also find rental houses and condos. You can calculate the renter fraction in Morgantown in at least two ways: by housing units or by population. This system is the oldest and most extensive in the world. As of June 2020, average rent for an apartment in Morgantown, WV is $875 which is a 5.14% increase from last year when the average rent was $830, and a 0.23% … See our listings of Morgantown Apartments, The average apartment rent over the prior 6 months in Morgantown has decreased by $0 (0%) One bedroom units have decreased by $0 (0%) and two bedroom apartments have increased by $1 (0.1%), See our listings of Morgantown Apartments. In Morgantown, WV, 43.3% of people are home owners and an average of 2.4 people occupy each home. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. Over the Aug 2020, the average rent for a single-family house in/near Morgantown, WV increased by 0.1% to $1,608. Join millions of people using Oodle to find unique used cars for sale, apartments for rent, jobs listings, merchandise, and other classifieds in your neighborhood. ↩, 2. 2 bds. 7+ days ago. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. 1 ba. Fair Market Rent for a two-bedroom apartment in Morgantown is $861 per month.. The average price for 3-bed house decreased by 3.2% facing the price of $1,459.