Cheap Apartments for Rent in Martinsville, VA from $500 (23 Rentals)

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

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Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1446 Fayette StMartinsville, VA 24112
  • Utilities Included
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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing

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.

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property at 74 Halifax Dr

$800 - $1,200

1 To 2 Bedroom Rentals

Available Now

74 Halifax Dr

MartinsvilleVA24112

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.

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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
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602 Henry St
Studio to 2 Bedroom Apartments

602 Henry St

602 Henry StEden, NC 27288

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.

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Showing Results 1-23, Page 1 of 1

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 01/09/2026

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$1,284$9267

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. Fieldale Apartments 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
Fieldale Apartments1 Bedroom1BR,1BA$795
Fayette Street LoftsFlat1BR,1BA$895
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
Terrace at Olde BattlegroundThe Revolution1BR,1BA$899

Best Value Apartments for Rent in Martinsville, VA

As of January 10, 2026 the best value apartment in the Martinsville area is the $1.03 price per square foot 2BRx2BA w/SRM Model at Woodland Heights Apartments in the starting from $1,175. The second greatest value Martinsville apartment is the 2 Bedrooms- PROMOTION! Model at Blackthorn Apartments of Greensboro starting at $1,235 with a $1.18 price per square foot in the New Irving Park 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.
Woodland Heights Apartments2BRx2BA w/SRM2BR,2BA$1.03
Blackthorn Apartments of Greensboro2 Bedrooms- PROMOTION!2BR,2BA$1.18
Ridge View2/1.5 50% AMI2BR,1.5BA$0.88
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Summit View2 Bed 2 Bath2BR,2BA$1.11
Fieldale Apartments1 Bedroom1BR,1BA$0.88
Fayette Street LoftsFlat1BR,1BA$1.03
Landon Creek ApartmentsOne Bed, One Bath1BR,1BA$1.34
Kensington PlaceDogwood1BR,1BA$1.38
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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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.

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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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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

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See the most popular apartments and homes in Martinsville, VA

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Frequently Asked Questions about Cheap Martinsville Apartments

What is the price of a cheap apartment in Martinsville?

The cheapest apartment in Martinsville is Dillard School which is listed at $533, while the average apartment in Martinsville costs $1,284.

What types of apartments are the cheapest in Martinsville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Martinsville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Martinsville?

Cheap apartments in Martinsville have an average cost of $617 which is $667 cheaper than the average rent for all rentals in Martinsville.

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 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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!