Cheap Apartments for Rent in Martinsville, VA from $500 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1130 Ridge Rd

1130 Ridge Rd

MartinsvilleVA24112
close
View Me
Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1446 Fayette StMartinsville, VA 24112
  • Utilities Included

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.

close
View Me
Fieldale Apartments
1 Bedroom Apartments

Fieldale Apartments

100 Marshall WayFieldale, VA 24089
  • Utilities Included
close
View Me
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: 04/23/2025

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$9117

Cheapest Available Martinsville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martinsville, VA is a Studio unit found at 602 Henry St priced from $830. Ridge View in the Upper Martinsville neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $911. Here is today’s list of the most affordable Martinsville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
602 Henry StST1BStudio,1BA$830
Ridge View2 Bedroom2BR,1BA$911
Village 1373A1 Upgraded1BR,1BA$920
School Drive ApartmentsOne Bedroom1BR,1BA$921
The Hedges Apartments1x1 F1BR,1BA$950

Best Value Apartments for Rent in Martinsville, VA and Nearby

As of April 23, 2025 the best value apartment in the Martinsville area is the $1.11 price per square foot 2 Beds | 2.5 Bath Model at Terrace at Olde Battleground in the in the Dellwood Park neighborhood starting from $1,309. The second greatest value Martinsville apartment is the 3 Bed 2 Bath Model at Summit View starting at $1,250 with a $1.08 price per square foot in the Spicewood 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.
Terrace at Olde Battleground2 Beds | 2.5 Bath2BR,2.5BA$1.11
Summit View3 Bed 2 Bath3BR,2BA$1.08
North Lakes Apartments3 bedroom 2 bathroom3BR,2BA$1.24
Terrace Oaks2 Bed 2 Bath2BR,2BA$1.13
Ridge View3 Bedroom3BR,2BA$1.02
Woodland Heights Apartments2BRx2BA2BR,2BA$1.10
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
School Drive ApartmentsOne Bedroom1BR,1BA$1.31

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 MapMartinsville, VA Apartments MapView MapMartinsville, VA Rental Homes Map

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 price of a cheap apartment in Martinsville?

The cheapest apartment in Martinsville is Village 1373 which is listed at $920, while the average apartment in Martinsville costs $1,207.

What types of apartments are the cheapest in Martinsville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Martinsville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Martinsville?

Cheap apartments in Martinsville have an average cost of $1,059 which is $148 cheaper than the average rent for all rentals in Martinsville.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.