
Cheap Homes for Rent in Martinsville, IL from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Martinsville.


1101 S 7th St

1231 E Dawn Dr

6702 S Honey Creek St

1231 S 10th St
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.

512 S 5th St

600 S 4th St

916 Kussner St

700 S 8th St

1742 E Morgan Dr
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.

610 S 5th St

432 2nd Ave

2875 S 6th St

1004 S 9th St

600 E Jefferson Ave
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.

611 Ohio St
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 | $978 | $635 | $1,250 |
| Martinsville 3 Bedroom Homes for Rent | $1,078 | $750 | $1,400 |
| Martinsville 4 Bedroom Homes for Rent | $1,833 | $1,300 | $2,400 |
| Martinsville 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
| Martinsville 7 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Martinsville
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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 3 Beds unit found at The Millennium Apartments priced from $505. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Martinsville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| OldeTowne Apartments | 1 Bed/1 Bath | 1BR,1BA | $629 |
| 1905 12th St | 1BDR | 1BR,1BA | $650 |
Best Value Apartments for Rent in Martinsville, IL and Nearby
As of January 10, 2026 the best value apartment in the Martinsville area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Martinsville apartment is the 3x2 Model at Arbors at Honey Creek starting at $1,170 with a $0.89 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. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| Arbors at Honey Creek | 3x2 | 3BR,2BA | $0.89 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| 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 | $0.94 |
| Springhill Apartments | 2 Bedroom | 2BR,1BA | $0.98 |
| Willow Crossings | Phase I - Luxury 1 Bed 1 Bath | 1BR,1BA | $1.14 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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 44 Apartments for Rent in Martinsville, IL with pricing that ranges from $413 to $2,636. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martinsville ranging from $550 to $4,500.
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 $550 to $4,500 with an average monthly rent of $1,629.
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 $2,373, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,400. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $567.
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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!