Homes for Rent in 24112

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What to Know About

Life in Martinsville & Beyond

Martinsville shares many of the great qualities that make Virginia a desirable place to live.

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 July 2025, Martinsville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Martinsville's average rent is 53.0% ($978) lower than the Virginia average of $1,845 and 51.2% ($908) lower than the U.S. average of $1,775.

Average Rent
$867
Monthly ChangeMonth Over Month Change
Decreased15.1% ($154)
Yearly ChangeYear Over Year Change
Increased2.2% ($19)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $663 Decreased1.8% ($12) Decreased5.3% ($37)
2 Beds $787 Decreased0.1% ($1) Decreased3.2% ($26)
3 Beds $952 Decreased24.3% ($305) Decreased0.2% ($2)
Nearby Cities Average Rent Avg. Rent vs. MartinsvilleAverage Rent vs. Martinsville Avg. Days on MarketAverage Days on Market
Collinsville $797 Decreased8.1% ($70) 34 days
Bassett $683 Decreased21.2% ($184) 36 days
Eden $896 Increased3.3% ($29) 39 days
Stuart $778 Decreased10.3% ($89) 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.

The average rent in Martinsville, VA is $867 per month.
Homes in Martinsville typically rent for between $600 and $1,238 per month, with an average of $867 per month.
In Martinsville, the average rent for a 1-bedroom home is $663 per month, for a 2-bedroom home, $787 per month, and a 3-bedroom home is $952 per month.
The average rent in Martinsville is 51.2% ($908) lower than the national average of $1,775 per month.
The average rent in Martinsville has decreased by 15.1% ($154) in the last month and increased by 2.2% ($19) over the past year.
The rental market in Martinsville, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 6 rental properties available in Martinsville, VA.
Based on the current averages, a household would need an annual income of $31,480 to comfortably afford a 2-bedroom home in Martinsville.
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