Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.

Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.

With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.

Rental Market Trends

Martinsville, VA

As of August 2025, Martinsville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Martinsville's average rent is 45.1% ($809) lower than the Virginia average of $1,792 and 45.1% ($807) lower than the U.S. average of $1,790.

Average Rent

$983

Monthly ChangeMonth Over Month Change

13.4% ($116)

Yearly ChangeYear Over Year Change

20.8% ($169)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$693	4.5% ($30)	0.1% ($1)
2 Beds	$801	1.8% ($14)	0.4% ($3)
3 Beds	$1,284	34.9% ($332)	36% ($340)

Nearby Cities	Average Rent	Avg. Rent vs. MartinsvilleAverage Rent vs. Martinsville	Avg. Days on MarketAverage Days on Market
Collinsville	$797	18.9% ($186)	34 days
Eden	$807	17.9% ($176)	39 days
Stuart	$778	20.9% ($205)	34 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, VA.

What is the average rent in Martinsville, VA?

The average rent in Martinsville, VA is $983 per month.

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

Homes in Martinsville typically rent for between $600 and $1,669 per month, with an average of $983 per month.

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

In Martinsville, the average rent for a 1-bedroom home is $693 per month, for a 2-bedroom home, $801 per month, and a 3-bedroom home is $1,284 per month.

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

The average rent in Martinsville is 45.1% ($807) lower than the national average of $1,790 per month.

How have rent prices in Martinsville, VA changed recently?

The average rent in Martinsville has increased by 13.4% ($116) in the last month and increased by 20.8% ($169) over the past year.

How competitive is the rental market in Martinsville, VA?

The rental market in Martinsville, VA, 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, VA?

In Martinsville, VA, the average rental stays on the market for approximately 32 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, VA?

There are currently 4 rental properties available in Martinsville, VA.

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

Based on the current averages, a household would need an annual income of $32,040 to comfortably afford a 2-bedroom home in Martinsville.