Cheap Apartments for Rent in Martinsburg, IA from $400 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Martinsburg.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Louden Lofts
Rent Specials
$845 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$845 - $995
Total Monthly Price
$845 - $995
2 to 3 Bedroom Apartments Contact Us For Availability

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Verified
  • Utilities Included
  • Low Income
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Stella Townhomes
1 to 4 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
Corporate Housing
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Fairfield Estates
2 to 4 Bedroom Apartments

Fairfield Estates

200 N 28th StFairfield, IA 52556
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Martinsburg, IA Local Guide

Cheapest Available Martinsburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martinsburg, IA is a 3 Beds unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $536. MAPLE PLACE APARTMENTS has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Martinsburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake3B2B3BR,2BA$536
MAPLE PLACE APARTMENTS2 Bed 1 Bath2BR,1BA$700
Tisdale Apartments2 Bedroom2BR,1BA$720
Prairie Village of PellaA1 Classic1BR,1BA$775
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
THE ARBORS APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$825
Park Place2 Bdrm2BR,1BA$915
Grinnell Park Apartments2BR - 30% of Gross Income2BR,1BA$965
1165 S Riverside DrStudio - TwinStudio,1BA$990
Brickyard Apartments1 Bed 1 Bath1BR,1BA$1,050

Best Value Apartments for Rent in Martinsburg, IA and Nearby

As of April 07, 2026 the best value apartment in the Martinsburg area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Martinsburg apartment is the 2 Bedroom Model at Nemitz Hall starting at $1,095 with a $0.76 price per square foot in the Threshers Meadows neighborhood. Here is today’s list of the best values for Martinsburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Asbury HeightsFour Bedroom4BR,2BA$0.62
Nemitz Hall2 Bedroom2BR,2BA$0.76
The Reserves at South Lake3B2B3BR,2BA$0.54
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
Park Place2 Bdrm2BR,1BA$1.22
Grinnell Park Apartments2BR - 30% of Gross Income2BR,1BA$1.34
MAPLE PLACE APARTMENTS2 Bed 1 Bath2BR,1BA$0.97
Brickyard Apartments1 Bed 1 Bath1BR,1BA$1.50
Tisdale Apartments2 Bedroom2BR,1BA$1.03
Prairie Village of PellaA1 Renovated1BR,1BA$1.35

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Martinsburg, IA Rentals by Map

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See the most popular apartments and homes in Martinsburg, IA

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Frequently Asked Questions about Cheap Martinsburg Apartments

What is the Cheapest Studio apartment in Martinsburg?

Currently the most affordable Cheap Studio Apartment in Martinsburg is at 1165 S Riverside Dr listed at $990.

How much is rent for a Cheap One Bedroom Martinsburg Apartment?

The lowest price for a Cheap One Bedroom Martinsburg Apartment is $775 at Prairie Village of Pella.

What is the lowest price for a Cheap Two Bedroom Martinsburg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Martinsburg is starting from $700 at MAPLE PLACE APARTMENTS.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.