Cheap Apartments for Rent in Martinsville, VA from $500 (57 Rentals)

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

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 831 Liberty St

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

Studio Rentals

Available Now

831 Liberty St

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
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Ridge View Apartments
$1,150 - $1,160
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,091 - $1,101
Required Monthly Fees
$59

Total Monthly Price
$1,150 - $1,160
3 Bedroom Apartments Available Aug 15

Ridge View Apartments

1130 Ridge RdMartinsville, VA 24112
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Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1446 Fayette StMartinsville, VA 24112
  • Utilities Included

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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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
property at 614 Clift St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1.5 Bath Home for Rent

Available Jul 31

614 Clift St

MartinsvilleVA24112
property at 305 Granville St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 2 Bath Home for Rent

Available Now

305 Granville St

MartinsvilleVA24112
property at 412 Virginia St

$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

412 Virginia St

MartinsvilleVA24112
property at 56 Prospect Vw Dr

$725

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

2 Bedroom, 1 Bath Home for Rent

Available Now

56 Prospect Vw Dr

CollinsvilleVA24078
property at 315 Spring Dr

$725

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

2 Bedroom, 1 Bath Home for Rent

Available Now

315 Spring Dr

CollinsvilleVA24078
property at 12 Black Feather Trail

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Home for Rent

Available Now

12 Black Feather Trail

RidgewayVA24148

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.

property at 34 Magnolia St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

34 Magnolia St

RidgewayVA24148
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Village 1373
Rent Specials
$1,002 - $1,671
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $1,671

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Village 1373

1373 Lees Chapel RdGreensboro, NC 27455
Affordability
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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.

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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100 Marshall Way
1 to 2 Bedroom Apartments

100 Marshall Way

100 Marshall WayFieldale, VA 24089
  • Utilities Included
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
property at 841 Vista View Ln

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

841 Vista View Ln

RidgewayVA24148
property at 205 Nolens Hill Rd

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

205 Nolens Hill Rd

FerrumVA24088
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Rise Bridgeview
1 to 3 Bedroom Apartments

Rise Bridgeview

3520 Drawbridge PkyGreensboro, NC 27410
Corporate Housing
property at 835 Glendale Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

3 Bedroom, 1 Bath Home for Rent

Available Now

835 Glendale Ave

DanvilleVA24540
property at 4068 Franklin St

$990

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990

Total Monthly Price
$990

3 Bedroom, 1 Bath Home for Rent

Available Now

4068 Franklin St

Rocky MountVA24151

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.

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 07/21/2026

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$1,650$1,4002

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. Hill Court Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. 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
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
HAMPTONS AT COUNTRY PARK1BR 1BA1BR,1BA$877
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
Northpointe11BR,1BA$900
School Drive ApartmentsOne Bedroom1BR,1BA$921
Lakemont Apartment HomesHampton1BR,1BA$939
Chief TasselOne Bed - Unfurnished1BR,1BA$945
Blackthorn Apartments of Greensboro1 Bedroom1BR,1BA$995
ONE Ellsworth1BR/1.0BA1BR,1BA$1,000

Best Value Apartments for Rent in Martinsville, VA and Nearby

As of July 21, 2026 the best value apartment in the Martinsville area is the $1.12 price per square foot 3 Bed 2 Bath Model at Summit View in the in the Spicewood neighborhood starting from $1,290. The second greatest value Martinsville apartment is the Two Bed, Two Bath Model at Landon Creek Apartments starting at $1,376 with a $1.27 price per square foot in the Woodland Hills 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.
Summit View3 Bed 2 Bath3BR,2BA$1.12
Landon Creek ApartmentsTwo Bed, Two Bath2BR,2BA$1.27
Blackthorn Apartments of Greensboro2 Bedrooms2BR,2BA$1.18
Dan River CrossingDRC 1bedroom - Upgrade1BR,1BA$1.24
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Rise BridgeviewB1 Bronze2BR,2BA$1.40
Village 1373B2 Fully Renovated2BR,2BA$1.35
Terrace OaksThe Guilford1BR,1BA$1.39
School Drive ApartmentsOne Bedroom1BR,1BA$1.31
Dillard School1 Bed, 1 bath1BR,1BA$0.79

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 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 $875 at Hill Court Apartments.

What is the most affordable Martinsville Three Bedroom Apartment?

The best deal on a cheap Martinsville Three Bedroom Apartment rental is at Hill Court Apartments and starts from $999.

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

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.