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RentData.org Logo Morgantown Fair Market Rent FY 2023 Morgantown, WV MSA Rental Data

Fair Market Rent Prices in Morgantown, WV :
$781 $786 $984 $1,290 $1,676
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Morgantown are high compared to the national average. This FMR area is more expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morgantown is $984 per month.

The previous year, rent for a two-bedroom home was $892 per month. This is a 10.31% increase year-over-year.

This FMR rate applies to Cassville, WV, Osage, WV, Pentress, WV, Pursglove, WV, Blacksville, WV, Wana, WV, Granville, WV, Dellslow, WV, Independence, WV, Masontown, WV and other cities within the region. The Metro Code or CBSA code for this region is METRO34060M34060.

Additionally, This Fair Market Rent (FMR) area Morgantown, WV MSA spans one county or city in West Virginia which is listed in the table below. Estimated population of Morgantown, WV MSA FMR area is 106,196 people based on latest Census data.

Compared to the rest of West Virginia, the Morgantown FMR area is more expensive than 93% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Morgantown. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Morgantown

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 829
1-BR 1-Bedroom $ 834
2-BR 2-Bedroom $ 1045
3-BR 3-Bedroom $ 1370
4-BR 4-Bedroom $ 1780
Change Year:

There is just one county (listed below) within the Morgantown, WV MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Pittsburgh.

County / Region Est. Population
, WV Metro 106,196
Zip Codes in Morgantown, WV MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

26374, 26501, 26504, 26506, 26507, 26521, 26525, 26527, 26531, 26534, 26542, 26543, 26544, 26546 and 26590

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