
Cheap Homes for Rent in Martinsville, IL from $400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Martinsville.


14 N Central Ave

321 A St

24 W Buchanan Ave

1231 E Dawn Dr
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.

428 S 15th St

16 W Buchanan Ave
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.

1306 Arthur Ave

610 S 5th St

1305 18th St

2875 S 6th St

2010 N 4th St

916 Kussner St

620 College Ave
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.

605 Monroe Ave

1630 University Dr
Martinsville, IL Local Guide

How much does it cost to rent a home in Martinsville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Martinsville 2 Bedroom Homes for Rent | $888 | $695 | $1,200 |
Martinsville 3 Bedroom Homes for Rent | $1,082 | $600 | $1,490 |
Martinsville 4 Bedroom Homes for Rent | $1,249 | $1,200 | $1,299 |
Martinsville 5 Bedroom Homes for Rent | $1,797 | $1,500 | $2,095 |
Browse Top Homes for Rent in Martinsville
Explore Martinsville
Martinsville, IL Local Guide
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Cheapest Available Martinsville Apartments for Rent and Nearby
 The cheapest available apartment rental in Martinsville, IL is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. River Valley Apartments in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $460. Here is today’s list of the most affordable Martinsville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $460 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
Best Value Apartments for Rent in Martinsville, IL and Nearby
As of September 12, 2025 the best value apartment in the Martinsville area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Martinsville apartment is the 2 Bedroom 2 Bath Model at River Valley Apartments starting at $460 with a $0.50 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Martinsville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $0.50 |
Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
Center City Apartments | City Center 5 | 2BR,1BA | $1.22 |
Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Martinsville, IL Rentals by Map
See the most popular apartments and homes in Martinsville, IL
Frequently Asked Questions about Martinsville
What type of rentals are currently available in Martinsville?
There are currently 40 Apartments for Rent in Martinsville, IL with pricing that ranges from $351 to $2,802. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martinsville ranging from $495 to $2,095.
What is the current price range for Rental Homes in Martinsville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Martinsville ranges from $495 to $2,095 with an average monthly rent of $1,049.
How much are larger Three and Four Bedroom Rentals in Martinsville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Martinsville range from $762 to $2,802, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $1,490. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,322.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.