Cheap Apartments for Rent in Martinsville, VA from $500 (24 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 inc.
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702 Barrows Mill Rd
$6251 Bedroom, 1 Bath RentalsAvailable Now

702 Barrows Mill Rd

Martinsville, VA 24112
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Fieldale Apartments
1 Bedroom Apartments

Fieldale Apartments

100 Marshall WayFieldale, VA 24089
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288

Martinsville, VA Local Guide

Cheapest Neighborhoods for Apartments in Martinsville, VA

Pricing Updated: 02/27/2025

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$1,207$911224

Cheapest Available Martinsville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martinsville, VA is a Studio unit found at Lakemont Apartment Homes in the Woodland Hills neighborhood priced from $825. 602 Henry St has the second lowest priced unit, which is a Studio apartment currently listed from $830. Here is today’s list of the most affordable Martinsville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakemont Apartment HomesStudioStudio,1BA$825
602 Henry StST1BStudio,1BA$830
Northpointe1BR/1.0BA1BR,1BA$850
Ridge View2 Bedroom2BR,1BA$871
North Lakes Apartments1 bedroom 1 bathroom1BR,1BA$895

Best Value Apartments for Rent in Martinsville, VA and Nearby

As of February 27, 2025 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 The Beverly W/ Multi-Purpose Sunroom Model at Waterford Place starting at $1,537 with a $1.30 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.
Dan River CrossingDRC 2/1 reg2BR,1BA$1.08
Waterford PlaceThe Beverly W/ Multi-Purpose Sunroom2BR,2BA$1.30
Summit View3 Bedroom 2 Bath upstairs3BR,2BA$0.91
Landon Creek ApartmentsTwo Bed, Two Bath2BR,2BA$1.28
Terrace at Olde Battleground2 Beds | 2 Bath B2BR,2BA$1.23
Ridge View3 Bedroom3BR,2BA$0.96
Terrace Oaks2 Bed / 2 Bath2BR,2BA$1.21
Oakmont ApartmentsUpstairs 2 Bedroom/1.5 Bath2BR,1.5BA$1.02
602 Henry St1BR1B1BR,1BA$1.06
Blackthorn Apartments of Greensboro1 Bedroom - PROMOTION!1BR,1BA$1.31

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

Explore Martinsville, VA Rentals by Map

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Getting Around Martinsville, VA

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Lakemont Apartment Homes listed at $825.

How much is rent for a Cheap One Bedroom Martinsville Apartment?

The lowest price for a Cheap One Bedroom Martinsville Apartment is $850 at Northpointe.

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 $871 at Ridge View.

What is the most affordable Martinsville Three Bedroom Apartment?

The best deal on a cheap Martinsville Three Bedroom Apartment rental is at Ridge View and starts from $1,006.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.