Morgantown, WV Rental Market
Morgantown is West Virginia's most dynamic rental market, anchored by West Virginia University — the state's flagship research university with over 26,000 students. WVU's medical, engineering, and business programs attract students from across the region, while WVU Medicine (one of the state's largest employers) drives year-round professional demand. A growing tech startup scene and remote worker in-migration have made Morgantown the strongest and most resilient market in West Virginia.
Get a rent estimate for an address in MorgantownAverage Rent in Morgantown, WV
$1,120
per month · 2026-06
Market Score
Key Facts — Morgantown, WV Rental Market
- Average rent in Morgantown, WV:$1,120/mo
- Median rent:$1,030/mo
- Rent range:$550 – $2,450/mo
- Most common rental (2 bedrooms):$975/mo
- Active listings:380
- Avg days to lease:38 days
- Year-over-year change:+3.5%
- Median home value:$195,000
- Est. gross annual yield:6.9%
- Data as of:2026-06
Rent by Bedroom in Morgantown, WV
Average monthly rent for each bedroom type based on current active listings in Morgantown.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $800/mo |
2 Bedrooms | $975/mo |
3 Bedrooms | $1,250/mo |
4 Bedrooms | $1,550/mo |
5 Bedrooms | $1,775/mo |
Morgantown Rental Market Statistics
Key indicators from the current Morgantown, WV rental market.
380
Available now in Morgantown
38
From list to lease
$0.90
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,450
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Morgantown, WV Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Morgantown
Est. Gross Annual Yield
6.9%
Before expenses & vacancy
Avg Monthly Income
$1,120
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Morgantown for a full cash-flow breakdown including all costs.
Morgantown, WV Rental Market FAQ
Common questions about renting and investing in Morgantown, WV.
What is the average rent in Morgantown, WV?
The average rent in Morgantown, WV is $1,120 per month as of 2026 — the highest in West Virginia. One-bedroom apartments average $800/mo, two-bedrooms $975/mo, and three-bedroom homes $1,250/mo. Morgantown's premium over other WV cities reflects the University's enrollment, medical center employment, and growing tech sector demand.
Is Morgantown, WV a good place to invest in rental property?
Morgantown is the strongest investment market in West Virginia, offering a 6.9% estimated gross annual yield with 3.5% year-over-year rent growth — the highest in the state. WVU's enrollment, WVU Medicine, and the emerging tech scene provide a diversified tenant base. University-proximate markets have proven resilient to West Virginia's broader population decline challenges.
How does West Virginia University affect the Morgantown rental market?
WVU's 26,000+ enrollment makes it the dominant driver of Morgantown's economy and rental market. Off-campus neighborhoods like Sunnyside, Sabraton, and downtown Morgantown see high student demand. WVU Medicine — with its hospitals, clinics, and research facilities — provides a large professional and graduate student tenant base that supplements undergraduate demand with 12-month lease commitments.
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