Cheap Apartments for Rent near Martinsburg, IA from $395 (35 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Stella Townhomes
1 to 4 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
  • Utilities Included
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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included
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Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1165 S Riverside Dr
Studio to 3 Bedroom Apartments

1165 S Riverside Dr

1165 S Riverside DrIowa City, IA 52246
Student Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Fairfield Estates
2 to 4 Bedroom Apartments

Fairfield Estates

200 N 28th StFairfield, IA 52556
Showing Results 1-35, Page 1 of 1

Martinsburg, IA Local Guide

Cheapest Available Martinsburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martinsburg, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Martinsburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Centerville Senior LoftsThe Dublin2BR,1BA$600
Spaulding LoftsA12 - Income Restricted1BR,1BA$800
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$836
Prairie Meadows ApartmentsA1 Classic1BR,1BA$850
Burbank Village ApartmentsA1 Renovated1BR,1BA$900
Grinnell Park Apartments2BR - 30% of Gross Income2BR,1BA$965
Nemitz Hall2 Bedroom2BR,2BA$1,095
Washington Apartments2.1C 60%2BR,1BA$1,129
Brickyard Apartments2 Bed 1 Bath2BR,1BA$1,150

Best Value Apartments for Rent in Martinsburg, IA and Nearby

As of August 26, 2026 the best value apartment in the Martinsburg area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Martinsburg apartment is the 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $600 with a $0.47 price per square foot in the Cottage Hill 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.
Nemitz Hall2 Bedroom2BR,2BA$0.76
Hawks Ridge4 Bedroom-2 Bathroom4BR,2BA$0.47
Centerville Senior LoftsThe Dearborn2BR,1BA$0.83
Orchard MeadowsB1 Classic2BR,1BA$0.85
Brickyard Apartments2 Bed 1 Bath2BR,1BA$1.44
Grinnell Park Apartments2BR - 30% of Gross Income2BR,1BA$1.34
Burbank Village ApartmentsA1 Renovated1BR,1BA$1.33
Prairie Meadows ApartmentsA1 Renovated1BR,1BA$1.50
The Reserves at South Lake1B1B1BR,1BA$0.61
Washington Apartments1.1C MKT1BR,1BA$1.53

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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!

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Frequently Asked Questions about Cheap Martinsburg Apartments

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

The lowest price for a Cheap One Bedroom Martinsburg Apartment is $395 at The Reserves at South Lake.

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 $470 at The Reserves at South Lake.

What is the most affordable Martinsburg Three Bedroom Apartment?

The best deal on a cheap Martinsburg Three Bedroom Apartment rental is at Washington Apartments and starts from $1,295.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.