
Cheap Apartments for Rent in Martinsville, VA from $500 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Martinsville.


831 Liberty St

51 Church St E

50 Church St E

Chief Tassel

Meadow Run

843 Hundley St, Unit B

ONE Ellsworth

Total Monthly Price
Ridge View Apartments

Maplewood Apartments
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.

Fayette Street Lofts

614 Clift St

305 Granville St

412 Virginia St

Spruce Village Apartments

Dillard School

56 Prospect Vw Dr

315 Spring Dr

12 Black Feather Trail

74-78 Halifax Dr
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.

Lakemont Apartment Homes

34 Magnolia St

Hill Court Apartments

HAMPTONS AT COUNTRY PARK

North Lakes

Northpointe

School Drive Apartments

Blackthorn Apartments of Greensboro

The Hedges Apartment Homes

Total Monthly Price
Village 1373
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.

Beechwood Apartments

Oakmont Apartments

Terrace Oaks

Summit View

Chatham Lofts

Woodland Heights Apartments

River District Lofts

Hayleigh Village

Battleground North

Westlake Apartment Homes
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.

100 Marshall Way

Ray Commons

841 Vista View Ln

205 Nolens Hill Rd

704A Irving Ave

Rise Bridgeview

835 Glendale Ave

805 Moore St

4068 Franklin St

1318 Ridge Ave
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

How much does it cost to rent an apartment in Martinsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Martinsville Studio Apartments | $800 | $775 | $825 |
| Martinsville 1 Bedroom Apartments | $1,250 | $533 | $1,610 |
| Martinsville 2 Bedroom Apartments | $1,480 | $725 | $2,109 |
| Martinsville 3 Bedroom Apartments | $1,631 | $999 | $2,335 |
Browse Top Apartments in Martinsville
See all Apartments in MartinsvilleExplore Martinsville
Martinsville, VA Local Guide
- Martinsville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Martinsville, VA
Pricing Updated: 07/21/2026Current 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 | $1,650 | $1,400 | 2 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dillard School | 1 Bed, 1 bath | 1BR,1BA | $533 |
| Hill Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $875 |
| HAMPTONS AT COUNTRY PARK | 1BR 1BA | 1BR,1BA | $877 |
| North Lakes | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
| Northpointe | 1 | 1BR,1BA | $900 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $921 |
| Lakemont Apartment Homes | Hampton | 1BR,1BA | $939 |
| Chief Tassel | One Bed - Unfurnished | 1BR,1BA | $945 |
| Blackthorn Apartments of Greensboro | 1 Bedroom | 1BR,1BA | $995 |
| ONE Ellsworth | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summit View | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Landon Creek Apartments | Two Bed, Two Bath | 2BR,2BA | $1.27 |
| Blackthorn Apartments of Greensboro | 2 Bedrooms | 2BR,2BA | $1.18 |
| Dan River Crossing | DRC 1bedroom - Upgrade | 1BR,1BA | $1.24 |
| Oakmont Apartments | Downstairs 2 Bed/1.5 Bath | 2BR,1.5BA | $1.07 |
| Rise Bridgeview | B1 Bronze | 2BR,2BA | $1.40 |
| Village 1373 | B2 Fully Renovated | 2BR,2BA | $1.35 |
| Terrace Oaks | The Guilford | 1BR,1BA | $1.39 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $1.31 |
| Dillard School | 1 Bed, 1 bath | 1BR,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.
Read ArticleReal 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 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
John Redd Smith Elementary School
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 $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

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.

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.

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.

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.