
Cheap Apartments for Rent in Martinsville, IL from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Martinsville.


Arbors at Honey Creek

6th St Apartments

Arthur Ave Apartments

Highland Terrace
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2 E Jefferson Ave

700 S 8th St

1814 S 7th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1034 N 7th St

1201 S 7th St

19 N 12th St

702 S 8th St

1358 Chestnut St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Martinsville, IL Local Guide

How much does it cost to rent an apartment in Martinsville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Martinsville Studio Apartments | $754 | $705 | $870 |
Martinsville 1 Bedroom Apartments | $960 | $351 | $1,375 |
Martinsville 2 Bedroom Apartments | $1,147 | $519 | $1,950 |
Martinsville 3 Bedroom Apartments | $1,485 | $925 | $2,438 |
Martinsville 4 Bedroom Apartments | $1,199 | $465 | $2,520 |
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Martinsville, IL Local Guide
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Cheapest Available Martinsville Apartments for Rent and Nearby
 The cheapest available apartment rental in Martinsville, IL is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Martinsville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
The Annex of Terre Haute | Studio C | Studio,1BA | $750 |
Best Value Apartments for Rent in Martinsville, IL and Nearby
As of May 12, 2025 the best value apartment in the Martinsville area is the $0.93 price per square foot 4x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,347. The second greatest value Martinsville apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . 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. |
---|---|---|---|
Arbors at Honey Creek | 4x2 | 4BR,2BA | $0.93 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Royal Heights | 3 Person Occupancy | 3BR,1.5BA | $1.11 |
Harrison West | 2 Bedroom | 2BR,1BA | $0.93 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Willow Crossings | Phase I - 2 Bed 1 Bath | 2BR,1BA | $0.98 |
Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
Quick Rent Budget Calculator
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Getting Around Martinsville, IL
Walk Score®
9 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
28 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Martinsville Apartments
What is the Cheapest Studio apartment in Martinsville?
Currently the most affordable Cheap Studio Apartment in Martinsville is at The Annex of Terre Haute listed at $750.
How much is rent for a Cheap One Bedroom Martinsville Apartment?
The lowest price for a Cheap One Bedroom Martinsville Apartment is $550 at Union Pointe.
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 $417 at Historic Walnut Square.
What is the most affordable Martinsville Three Bedroom Apartment?
The best deal on a cheap Martinsville Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.