
Cheap Homes for Rent in Martinsville, VA from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Martinsville.


1628 Rivermont Hts Rd

940 Myrtle Rd

744 Crescent Dr

614 Price St
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.

250 Harley Ln

1156 Smith Rd

704A Irving Ave

205 Nolens Hill Rd

814 York 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.

62 Sunrise Rd

5109 Dry Fork Rd

305 Granville St

1318 Front St

1314 Front St
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.

1318 Ridge Ave

841 Vista View Ln
Martinsville, VA Local Guide

How much does it cost to rent a home in Martinsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Martinsville 2 Bedroom Homes for Rent | $1,070 | $850 | $1,800 |
| Martinsville 3 Bedroom Homes for Rent | $1,754 | $995 | $2,400 |
| Martinsville 4 Bedroom Homes for Rent | $1,150 | $1,150 | $1,150 |
| Martinsville 5 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Top Homes for Rent in Martinsville
Explore Martinsville
Martinsville, VA Local Guide
- Martinsville Neighborhoods
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Cheapest Neighborhoods for Apartments in Martinsville, VA
Pricing Updated: 07/05/2026Current 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 | $1,150 | $921 | 39 |
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. 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 |
| North Lakes | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
| Northpointe | 1 | 1BR,1BA | $900 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $921 |
Best Value Apartments for Rent in Martinsville, VA
As of July 05, 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 B2 Classic Model at Rise Bridgeview starting at $1,325 with a $1.19 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. |
|---|---|---|---|
| Summit View | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Rise Bridgeview | B2 Classic | 2BR,2BA | $1.19 |
| 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 |
| 2555 Penn Store Rd, Unit 1 | 2555 Penn Store Rd | 2BR,1.5BA | $0.85 |
| Oakmont Apartments | Downstairs 2 Bed/1.5 Bath | 2BR,1.5BA | $1.07 |
| 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 Martinsville
What type of rentals are currently available in Martinsville?
There are currently 92 Apartments for Rent in Martinsville, VA with pricing that ranges from $533 to $2,325. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martinsville ranging from $575 to $2,400.
What is the current price range for Rental Homes in Martinsville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Martinsville ranges from $575 to $2,400 with an average monthly rent of $1,208.
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

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.

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.