
Cheap Apartments for Rent in Martinsville, VA from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Martinsville.


1202 Bethel Ln, Unit 1

Meadow Run

1429-1431 Spruce St Ext, Unit 4

918 Blankenship Rd, Unit 2

918 Blankenship Rd, Unit 1

1628 Rivermont Hts Rd

Maplewood Apartments
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.

705 4th St

305 Granville St

1789 Stultz Rd

Fayette Street Lofts

Dillard School

56 Prospect Vw Dr

315 Spring Dr

156 Idlewild Dr
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.

12 Black Feather Trail

100 Marshall Way

74-78 Halifax Dr

Lakemont Apartment Homes

34 Magnolia St

Hill Court Apartments

HAMPTONS AT COUNTRY PARK

North Lakes
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.

Northpointe

113 Meadow Green Rd

215 Nolens Hill Rd

2712 Rakes Rd

Ray Commons

1156 Smith Rd

92 Cooks Park Dr

704A Irving Ave
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

How much does it cost to rent an apartment in Martinsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Martinsville Studio Apartments | $825 | $825 | $825 |
| Cheap Martinsville 1 Bedroom Apartments | $1,233 | $533 | $1,731 |
| Cheap Martinsville 2 Bedroom Apartments | $1,464 | $775 | $1,997 |
| Cheap Martinsville 3 Bedroom Apartments | $1,567 | $999 | $2,325 |
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: 06/06/2026Current 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 | $1,327 | $900 | 36 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dillard School | 1 Bed, 1 bath | 1BR,1BA | $533 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $795 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,1BA | $800 |
| Hill Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $875 |
| North Lakes | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
| HAMPTONS AT COUNTRY PARK | 1x1 Blackfin | 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 |
| Village 1373 | A1 Fully Renovated | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dan River Crossing | 2BR/2.0BA | 2BR,2BA | $1.28 |
| Rise Bridgeview | C1 Bronze | 3BR,2BA | $1.25 |
| Summit View | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.31 |
| Blackthorn Apartments of Greensboro | 2 Bedrooms | 2BR,2BA | $1.18 |
| Oakmont Apartments | Downstairs 2 Bed/1.5 Bath | 2BR,1.5BA | $1.07 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $0.88 |
| Lake Brandt Apartments | Gaston | 1BR,1BA | $1.37 |
| Dillard School | 1 Bed, 1 bath | 1BR,1BA | $0.79 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,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 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
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

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.

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.

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.

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.