Morgantown, West Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Morgantown, West Virginia rental market.
Morgantown, West Virginia
Average Apartment Rent
$1,274
Y-o-Y Change in Average
Apartment Rent
3.3%
As of May 2026
Compared to a year ago, Morgantown, West Virginia apartments have recorded a 3.3% rent increase.
Morgantown, West Virginia Average apartment rent trend
Morgantown, West Virginia Average Apartment Rent
Morgantown, West Virginia Apartment rent ranges
At 40.19%, apartments priced Under $1,000 represent the bulk of Morgantown, West Virginia rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.72%.
Morgantown, West Virginia Housing tenure**
Renters take up 57% of Morgantown, West Virginia real estate, occupying a total of 6,847 units, while homeowners live in 5,188 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$19,954
Average household size of renter-occupied housing units**
1.99
Rental vacancy rate**
9.1%
Morgantown, West Virginia Renter-occupied housing units by no. of bedrooms**
There are 2,920 rentals in Morgantown, West Virginia with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 172 units. Overall, the median number of rooms in Morgantown, West Virginia homes for rent is 4.
Morgantown, West Virginia Renter-occupied units by age of householder**
Most condos for rent in Morgantown, West Virginia are occupied by residents in the 15 - 24 years age group (50%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Morgantown, West Virginia Renter-occupied housing units by family type**
Morgantown, West Virginia Renter-occupied housing units by the presence of own children**
A total of 1,588 apartments for rent in Morgantown, West Virginia, or 23% of all rentals are family households. Additionally, 10% of rental homes include children under the age of 18 – that’s 651 units. All in all, the median size of a renter-occupied household in Morgantown, West Virginia is 1.99.
Morgantown, West Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Morgantown, West Virginia.
Morgantown, West Virginia Renter-occupied units by year structure built**
The highest share of Morgantown, West Virginia apartment rentals, namely 21% or 1,455 units, were Built 1939 or earlier, followed by those Built 2010 - 2019 (13%, 916 units), and the ones Built 1970 - 1979 (12%, 847 units).
Morgantown, West Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Morgantown, West Virginia renters (51%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Morgantown, West Virginia condos for rent is 2019.
Morgantown, West Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Morgantown, West Virginia renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 21% have No vehicle available.
Morgantown, West Virginia Means of transportation to work of householders living in renter-occupied housing units**
Morgantown, West Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morgantown, West Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
