Cheap Homes for Rent in Martinsville, VA from $500 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

property at 1628 Rivermont Hts Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom, 1 Bath Home for Rent

Available Now

1628 Rivermont Hts Rd

MartinsvilleVA24112
property at 299 Scout Dr

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 2 Bath Home for Rent

Available Now

299 Scout Dr

HenryVA24102
property at 841 Vista View Ln

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

841 Vista View Ln

RidgewayVA24148
property at 78 Cooks Park Dr

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

3 Bedroom, 1 Bath Home for Rent

Available Now

78 Cooks Park Dr

FerrumVA24088

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.

property at 809 Olympia St

$949

Total Monthly Price

Total Monthly Price

Base Rent
$949

Total Monthly Price
$949

3 Bedroom, 1 Bath Home for Rent

Available Now

809 Olympia St

MartinsvilleVA24112
property at 305 Granville St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 2 Bath Home for Rent

Available Now

305 Granville St

MartinsvilleVA24112
property at 207 Gatewood Ave

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

207 Gatewood Ave

DanvilleVA24541

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.

property at 863 Stokes St

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

863 Stokes St

DanvilleVA24541
property at 2036 Cascade Mill Rd

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2036 Cascade Mill Rd

CascadeVA24069

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.

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 08/19/2026

Current apartment rentals in the Martinsville, VA area range in price from $1,400 to $1,400 with an overall median price of $1,400. Here is today’s list neighborhoods with the lowest median pricing for Martinsville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Upper Martinsville$1,400$1,4001

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 $736. 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 ListingModel NameBed/BathPriced From
Dillard School1 Bed, 1 bath1BR,1BA$736
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
School Drive ApartmentsOne Bedroom1BR,1BA$921
Chief TasselOne Bed - Unfurnished1BR,1BA$945

Best Value Apartments for Rent in Martinsville, VA and Nearby

As of August 19, 2026 the best value apartment in the Martinsville area is the $1.08 price per square foot DRC 2/1 reg Model at Dan River Crossing in the starting from $1,400. The second greatest value Martinsville apartment is the 3/2 50% AMI Model at Ridge View Apartments starting at $1,150 with a $0.90 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Dan River CrossingDRC 2/1 reg2BR,1BA$1.08
Ridge View Apartments3/2 50% AMI3BR,2BA$0.90
Rise BridgeviewC1 Classic3BR,2BA$1.19
Summit View3 Bed 2 Bath3BR,2BA$1.12
Landon Creek ApartmentsTwo Bed, Two Bath2BR,2BA$1.24
Blackthorn Apartments of Greensboro2 Bedrooms2BR,2BA$1.18
HAMPTONS AT COUNTRY PARK3x2 Blackfin3BR,2BA$1.33
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
School Drive ApartmentsOne Bedroom1BR,1BA$1.31
Dillard School1 Bed, 1 bath1BR,1BA$1.09

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Martinsville, VA Rentals by Map

View Map
Martinsville, VA Apartments Map
View Map
Martinsville, VA Rental Homes Map

Frequently Asked Questions about Martinsville

What type of rentals are currently available in Martinsville?

There are currently 88 Apartments for Rent in Martinsville, VA with pricing that ranges from $725 to $2,280. There are also 38 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 $1,261.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.