Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Martinsville, IN

As of March 2026, Martinsville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Martinsville's average rent is 10.6% ($135) lower than the Indiana average of $1,274 and 35.6% ($630) lower than the U.S. average of $1,769.

Average Rent

$1,139

Monthly ChangeMonth Over Month Change

7% ($75)

Yearly ChangeYear Over Year Change

4% ($44)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$918	2.8% ($25)	0.7% ($6)
2 Beds	$1,115	2.9% ($31)	2.7% ($29)
3 Beds	$1,284	1.3% ($16)	9.9% ($141)

Nearby Cities	Average Rent	Avg. Rent vs. MartinsvilleAverage Rent vs. Martinsville	Avg. Days on MarketAverage Days on Market
Mooresville	$1,091	4.2% ($48)	30 days
Ellettsville	$1,114	2.2% ($25)	51 days
Plainfield	$1,521	33.5% ($382)	29 days
Bloomington	$1,617	42% ($478)	51 days
Greenwood	$1,384	21.5% ($245)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Martinsville Rental Market FAQs

Explore rental prices, market trends, and availability in Martinsville, IN.

What is the average rent in Martinsville, IN?

The average rent in Martinsville, IN is $1,139 per month.

What is the rental price range for homes in Martinsville, IN?

Homes in Martinsville typically rent for between $643 and $1,669 per month, with an average of $1,139 per month.

What is the average rent for different bedroom sizes in Martinsville, IN?

In Martinsville, the average rent for a 1-bedroom home is $918 per month, for a 2-bedroom home, $1,115 per month, and a 3-bedroom home is $1,284 per month.

How do rent prices in Martinsville, IN compare with the national average?

The average rent in Martinsville is 35.6% ($630) lower than the national average of $1,769 per month.

How have rent prices in Martinsville, IN changed recently?

The average rent in Martinsville has increased by 7.0% ($75) in the last month and increased by 4.0% ($44) over the past year.

How competitive is the rental market in Martinsville, IN?

The rental market in Martinsville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Martinsville, IN?

In Martinsville, IN, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Martinsville, IN?

There are currently 8 rental properties available in Martinsville, IN.

Can I afford to rent a home in Martinsville, IN?

Based on the current averages, a household would need an annual income of $44,600 to comfortably afford a 2-bedroom home in Martinsville.