Average Rent in Morgan County, MO↑ Rents rising 3.4% YoY🔻 4th cheapest in MO

Morgan County, MO has rental prices ranging from $615/month to $1,092/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $681/month — 51% below the national average of $1,400/month. With a median household income of $49,663/year, spending $681/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Morgan County Compares

With an average 2-bedroom rent of $824/month, Morgan County ranks #91 most expensive of the 94 cities tracked in Missouri — more affordable than 97% of all US cities in our data.

The Morgan County Rental Market

The Morgan County, MO area has a population of about 21,430 and 20% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Morgan County, MO have risen by $27/month (3.4%) over the past year, from $797 to $824. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Morgan County, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,240. The local median household income of $49,663 exceeds that threshold by $22,423, making Morgan County relatively accessible compared to local wages.

Economy & Jobs

Morgan County, MO has an unemployment rate of 4.6%, 0.7 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Morgan County, MO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Morgan County?

Break-even analysis and mortgage estimates based on local market data.

Living in Morgan County

Cost of living, job market, crime rates, and moving cost estimates.