
Cheap Homes for Rent in Martinsville, IL from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Martinsville.


700 S 8th St

1201 S 7th St

426 S 4th St

1233 S 10th St
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.

630 Ash St

1814 S 7th St

702 S 8th St

1034 N 8th St

610 S 5th St

1034 N 7th St
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.

205 S Walters St

1205 3rd 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 | $915 | $625 | $1,200 |
Martinsville 3 Bedroom Homes for Rent | $1,203 | $750 | $2,000 |
Martinsville 4 Bedroom Homes for Rent | $1,083 | $850 | $1,350 |
Martinsville 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
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. 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 |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
Springhill Apartments | 1 Bedroom | 1BR,1BA | $700 |
Best Value Apartments for Rent in Martinsville, IL and Nearby
As of May 29, 2025 the best value apartment in the Martinsville area is the $0.93 price per square foot 4x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,347. The second greatest value Martinsville apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . 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. |
---|---|---|---|
Arbors at Honey Creek | 4x2 | 4BR,2BA | $0.93 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Royal Heights | 3 Person Occupancy | 3BR,1.5BA | $1.11 |
Harrison West | 2 Bedroom | 2BR,1BA | $0.93 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Springhill Apartments | 1 Bedroom | 1BR,1BA | $1.14 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Martinsville
What type of rentals are currently available in Martinsville?
There are currently 36 Apartments for Rent in Martinsville, IL with pricing that ranges from $351 to $2,510. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martinsville ranging from $450 to $2,000.
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 $450 to $2,000 with an average monthly rent of $1,067.
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 $945 to $2,163, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,000. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $465.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.