Cheap Apartments for Rent in Martinsville, VA from $500 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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 1628 Rivermont Hts Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom, 1 Bath Home for Rent

Available Now

1628 Rivermont Hts Rd

MartinsvilleVA24112
close
View Me
Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1446 Fayette StMartinsville, VA 24112
  • Utilities Included

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 705 4th St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

2 Bedroom, 1 Bath Home for Rent

Available Now

705 4th St

MartinsvilleVA24112
property at 305 Granville St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

305 Granville St

MartinsvilleVA24112
property at 1789 Stultz Rd

$800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Now

1789 Stultz Rd

MartinsvilleVA24112
close
View Me
Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
property at 56 Prospect Vw Dr

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

2 Bedroom, 1 Bath Home for Rent

Available Now

56 Prospect Vw Dr

CollinsvilleVA24078
property at 315 Spring Dr

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Home for Rent

Available Now

315 Spring Dr

CollinsvilleVA24078
property at 156 Idlewild Dr

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Home for Rent

Available Now

156 Idlewild Dr

FieldaleVA24089

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 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
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

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.

property at 113 Meadow Green Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom, 1 Bath Condo for Rent

Available Now

113 Meadow Green Rd

BassettVA24055
property at 215 Nolens Hill Rd

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

215 Nolens Hill Rd

FerrumVA24088
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
close
View Me
Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
property at 92 Cooks Park Dr

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

3 Bedroom, 2 Bath Home for Rent

Available Now

92 Cooks Park Dr

FerrumVA24088

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.

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 06/06/2026

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$1,327$90036

Cheapest Available Martinsville Apartments for Rent

 

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
74-78 Halifax Dr1Br/1Ba1BR,1BA$800
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
HAMPTONS AT COUNTRY PARK1x1 Blackfin1BR,1BA$921
Lakemont Apartment HomesHampton1BR,1BA$939
Chief TasselOne Bed - Unfurnished1BR,1BA$945
Blackthorn Apartments of Greensboro1 Bedroom1BR,1BA$995
Village 1373A1 Fully Renovated1BR,1BA$1,002

Best Value Apartments for Rent in Martinsville, VA

As of June 06, 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 C1 Bronze Model at Rise Bridgeview starting at $1,595 with a $1.25 price per square foot in the Forest Valley 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
Rise BridgeviewC1 Bronze3BR,2BA$1.25
Summit View3 Bed 2 Bath3BR,2BA$1.12
Westmont Apartments2BR2BR,2BA$1.31
Blackthorn Apartments of Greensboro2 Bedrooms2BR,2BA$1.18
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
100 Marshall Way1 Bedroom1BR,1BA$0.88
Lake Brandt ApartmentsGaston1BR,1BA$1.37
Dillard School1 Bed, 1 bath1BR,1BA$0.79
74-78 Halifax Dr1Br/1Ba1BR,1BA$1.23

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
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Martinsville, VA Rentals by Map

View Map
Martinsville, VA Apartments Map
View Map
Martinsville, VA Rental Homes Map

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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.