
Cheap Apartments for Rent in Martinsville, VA from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Martinsville.


917 Askin St

1136 Rives Rd

Meadow Run

Chief Tassel

51 Church St E

50 Church St E

811 Olympia St

1110 Drewry Rd
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.

918 Blankenship Rd

Maplewood Apartments

6 Circle Dr

10 Circle Dr

8 Circle Dr

Fayette Street Lofts

29 Dunlap St

808 D St

705 4th 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.

Dillard School

100 Marshall Way

Lakemont Apartment Homes

HAMPTONS AT COUNTRY PARK

Northpointe

Blackthorn Apartments of Greensboro

2712 Rakes Rd

Ray Commons

3701 US-29 BUS
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.

45 Woodcott Rd

7 Chestnut St

615 Dumaine St

85 Wilson St

School Drive Apartments

483 Virgil H Goode Hwy

The Hedges Apartments

5109 Dry Fork Rd

200 Haywood 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.

2280 Oak Level Rd
Martinsville, VA Local Guide

How much does it cost to rent an apartment in Martinsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Martinsville Studio Apartments | $825 | $825 | $825 |
| Martinsville 1 Bedroom Apartments | $1,295 | $533 | $1,731 |
| Martinsville 2 Bedroom Apartments | $1,519 | $900 | $1,955 |
| Martinsville 3 Bedroom Apartments | $1,540 | $995 | $2,142 |
Browse Top Apartments in Martinsville
See all Apartments in MartinsvilleExplore Martinsville
Martinsville, VA Local Guide
- Martinsville Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Martinsville, VA
Pricing Updated: 04/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Upper Martinsville | $1,308 | $900 | 9 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dillard School | 1 Bed, 1 bath | 1BR,1BA | $533 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $795 |
| Lakemont Apartment Homes | Hampton | 1BR,1BA | $939 |
| Chief Tassel | One Bed - Unfurnished | 1BR,1BA | $945 |
| Northpointe | 2 | 2BR,1BA | $991 |
| Blackthorn Apartments of Greensboro | 1 Bedroom | 1BR,1BA | $995 |
| Village 1373 | A1 Fully Renovated | 1BR,1BA | $1,002 |
| HAMPTONS AT COUNTRY PARK | 1x1 Blackfin | 1BR,1BA | $1,008 |
| Huntsview Apartments | The Meadow | 1BR,1BA | $1,039 |
| Terrace Oaks | The Guilford | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dan River Crossing | 2BR/2.0BA | 2BR,2BA | $1.28 |
| Meadow Run | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.75 |
| Summit View | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Rise Bridgeview | B2 Bronze | 2BR,2BA | $1.25 |
| Oakmont Apartments | Downstairs 2 Bed/1.5 Bath | 2BR,1.5BA | $1.07 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $0.88 |
| Northpointe | 2 | 2BR,1.5BA | $1.13 |
| Terrace Oaks | The Guilford | 1BR,1BA | $1.39 |
| Huntsview Apartments | The Meadow | 1BR,1BA | $1.39 |
| Dillard School | 1 Bed, 1 bath | 1BR,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.
Read ArticleDon'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.
Best Local Schools in Martinsville, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Martinsville, VA Rentals by Map
See the most popular apartments and homes in Martinsville, VA
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

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.

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.

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.

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.