Morwell has an attractive commercial centre, divided in two by the Gippsland rail line. The larger of these centres is located south of the railway along tree-lined Commercial Road, Tarwin Street and George Street. Legacy Place is an open square located in Commercial Road opposite Tarwin Street and features a monument dedicated to Sir Stanley Savige who was born in Morwell and founded the organisation which cares for families of deceased war veterans. A pedestrian underpass beside Legacy Place provides a link to Morwell's other commercial centre north of the railway along Princes Drive and Church Street where there are more shops, a post office, hotels and churches. The large Mid Valley Shopping Centre is located on the eastern side of town.
A characteristic of Morwell is the use of roses within many of its gardens. The greatest concentration of them can be found at the Morwell Centenary Rose Garden at the northern end of Maryvale Crescent and along Commercial Road.
The Morwell Civic Gardens are found near the junction of Princes Drive and Monash Way. They consist of large areas of lawn, the Gippsland Immigration Park, and Kernot Lake which has a footbridge spanning it. Kernot Hall and the Morwell campus of GippsTafe is located on the southern side of the lake.
The Crinigan Bushland Reserve, accessible from Fairway Drive on the northern outskirts of town, is a 43 hectare reserve which preserves remnant native vegetation. Shelters, picnic areas and bush walking tracks are provided.
South of Morwell is the now closed Hazelwood Power Station, whose towering smoke stacks can be seen at various locations around Morwell.
Hazelwood Pondage is an artificial lake, accessed via Brodribb Road, which was used by the power station for cooling. Visitors to the lake can enjoy water activities including swimming, sailing, waterskiing and canoeing. There are two main areas of access to the Hazelwood Pondage. Around one kilometre from the entrance to the Hazelwood Power Station along Yinnar Road is a power boat and jet ski launching area which has a boat ramp and shady lawns. Three kilometres further along, at the south-western corner of the lake, is a caravan park and yacht club with public picnic and BBQ areas.