Cheap Apartments for Rent in Martinsville, VA from $500 (37 Rentals)

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

property at 45 Infinity Dr

$725

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

45 Infinity Dr

MartinsvilleVA24112
property at 917 Askin St

$760

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

1 Bedroom, 1 Bath Home for Rent

Available Now

917 Askin St

MartinsvilleVA24112
property at 1136 Rives Rd

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1.5 Bath Home for Rent

Available Now

1136 Rives Rd

MartinsvilleVA24112
property at 51 Church St E

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

1 Bedroom, 1 Bath Home for Rent

Available Now

51 Church St E

MartinsvilleVA24112
property at 50 Church St E

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

1 Bedroom, 1 Bath Home for Rent

Available Now

50 Church St E

MartinsvilleVA24112
property at 1110 Drewry Rd

$995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

3 Bedroom, 1 Bath Home for Rent

Available Now

1110 Drewry Rd

MartinsvilleVA24112

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.

property at 918 Blankenship Rd

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1.5 Bath Home for Rent

Available Now

918 Blankenship Rd

MartinsvilleVA24112
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Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1446 Fayette StMartinsville, VA 24112
  • Utilities Included
property at 6 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

6 Circle Dr

MartinsvilleVA24112
property at 10 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

10 Circle Dr

MartinsvilleVA24112
property at 8 Circle Dr

$700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

8 Circle Dr

MartinsvilleVA24112
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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
property at 29 Dunlap St

$850

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

3 Bedroom, 2 Bath Home for Rent

Available Now

29 Dunlap St

MartinsvilleVA24112
property at 808 D St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

808 D St

MartinsvilleVA24112
property at 705 4th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

705 4th St

MartinsvilleVA24112

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.

property at 2712 Rakes Rd

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Now

2712 Rakes Rd

Rocky MountVA24151
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
property at 3701 US-29 BUS

$825

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

2 Bedroom, 1 Bath Home for Rent

Available Now

3701 US-29 BUS

DanvilleVA24540

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.

property at 45 Woodcott Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

45 Woodcott Rd

FerrumVA24088
property at 7 Chestnut St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

7 Chestnut St

FieldaleVA24089
property at 615 Dumaine St

$850 - $1,050

1 To 2 Bedroom Rentals

Available Now

615 Dumaine St

EdenNC27288
property at 85 Wilson St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

85 Wilson St

Rocky MountVA24151
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The Hedges Apartments
1 to 2 Bedroom Apartments

The Hedges Apartments

3020 Cottage PlGreensboro, NC 27455
  • Utilities Included
property at 5109 Dry Fork Rd

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

5109 Dry Fork Rd

Dry ForkVA24549

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.

property at 2280 Oak Level Rd

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2280 Oak Level Rd

BassettVA24055

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 04/22/2026

Current apartment rentals in the Martinsville, VA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Martinsville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Upper Martinsville$1,308$9009

Cheapest Available Martinsville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martinsville, VA is a 1 Bed unit found at Dillard School priced from $533. 100 Marshall Way has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Martinsville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dillard School1 Bed, 1 bath1BR,1BA$533
100 Marshall Way1 Bedroom1BR,1BA$795
Lakemont Apartment HomesHampton1BR,1BA$939
Chief TasselOne Bed - Unfurnished1BR,1BA$945
Northpointe22BR,1BA$991
Blackthorn Apartments of Greensboro1 Bedroom1BR,1BA$995
Village 1373A1 Fully Renovated1BR,1BA$1,002
HAMPTONS AT COUNTRY PARK1x1 Blackfin1BR,1BA$1,008
Huntsview ApartmentsThe Meadow1BR,1BA$1,039
Terrace OaksThe Guilford1BR,1BA$1,050

Best Value Apartments for Rent in Martinsville, VA and Nearby

As of April 22, 2026 the best value apartment in the Martinsville area is the $1.28 price per square foot 2BR/2.0BA Model at Dan River Crossing in the starting from $1,650. The second greatest value Martinsville apartment is the 2 Bed 1.5 Bath Model at Meadow Run starting at $900 with a $0.75 price per square foot in the Upper Martinsville neighborhood. Here is today’s list of the best values for Martinsville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dan River Crossing2BR/2.0BA2BR,2BA$1.28
Meadow Run2 Bed 1.5 Bath2BR,1.5BA$0.75
Summit View3 Bed 2 Bath3BR,2BA$1.12
Rise BridgeviewB2 Bronze2BR,2BA$1.25
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
100 Marshall Way1 Bedroom1BR,1BA$0.88
Northpointe22BR,1.5BA$1.13
Terrace OaksThe Guilford1BR,1BA$1.39
Huntsview ApartmentsThe Meadow1BR,1BA$1.39
Dillard School1 Bed, 1 bath1BR,1BA$0.79

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.

Read Article
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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.

Read Article
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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 Martinsville, VA Rentals by Map

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Frequently Asked Questions about Cheap Martinsville Apartments

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

The lowest price for a Cheap One Bedroom Martinsville Apartment is $533 at Dillard School.

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

Today's best deal for a Cheap Two Bedroom Apartment in Martinsville is starting from $1,050 at Oakmont Apartments.

What is the most affordable Martinsville Three Bedroom Apartment?

The best deal on a cheap Martinsville Three Bedroom Apartment rental is at Summit View and starts from $1,290.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.