Nineteen-year-old Morgan, who came through the ranks at Bridgend Athletic and Bridgend College, trains with the Ospreys full-time and is a regular starter for Bridgend each week and has made a huge impact this year during his first season in the Principality Premiership.
Bridgend Head Coach, Steve Tandy, who also coaches Morgan at the Ospreys, is pleased with the winger's progress. "Luke joined us just after Christmas last year and in fairness he has been scoring tries left right and centre for us.
"This season he has been working hard and has improved again on last year. He's really energetic and finishes tries well. He's really pulled it out of the bag for us the past month and he's becoming very consistent and helping us win games. He's great with ball in hand and we're very pleased with the way he's playing at the moment, he deserves this award."
Speaking after being presented his award, Morgan commented, "I'm delighted to have received this award. It's great to have recognition for doing well after putting in the hard work. I'm really enjoying playing at Bridgend and we're doing pretty well so far so I'm just hoping I can carry on scoring tries for the team.
"Playing on the wing I really enjoy having the ball in hand and I've had that opportunity at Bridgend this season. Hopefully I will continue to play well and work hard at improving my game further."
Sue Parks, Manager of Principality Building Society branch in Bridgend, presented Luke with a cheque for £100.
""We're delighted that the prestigious Player of the Month award for October has gone to a talented local player," she said.
"Bridgend RFC has shown great determination on the field since rejoining the league and it was exciting to see them beat previous champion's Neath in just the second month of the season. It was a pleasure to meet Luke in the branch and we wish him and the team all the best in the coming months - they certainly have the talent to succeed."