Ridge View Apartments
1130 Ridge Rd,
Martinsville, VA 24112
3 Beds | $1,150 - $1,160
Rental Market Trends in Martinsville, VA
Updated July 2026
The average rent in Martinsville, VA is $928/month.
Rent in Martinsville is 44% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$928/month
Average Rent
540 Sq Ft
Average Size
+2.6%
Change / Year
74
Available Apartments
Martinsville rent varies by unit size and layout:
- Studio apartments in Martinsville average $701 per month.
- One-bedroom apartments in Martinsville average $928 per month.
- Two-bedroom apartments in Martinsville average $839 per month.
- Three-bedroom apartments in Martinsville average $887 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Martinsville, VA?
In the past year, rent has increased by 2.6%, which averages out to $24 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Martinsville, VA
July 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
38%
Below $700/month
38%
$700 - $1,000/month
25%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Martinsville?
Based on current rent prices, Upper Martinsville is the most affordable neighborhood in Martinsville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Martinsville?
Based on current rent prices, Upper Martinsville is the most expensive neighborhood in Martinsville.
Neighborhood
Average Rent
Average Sq Ft
Which Martinsville neighborhoods have the most rentals available?
The neighborhood in Martinsville with the most apartments available is Upper Martinsville .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Martinsville, VA?
Because the average rent in Martinsville is $928, you’ll want to make about $3,093 per month or $37,116 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Martinsville, VA is 10.4% lower than the national average. Generally, housing in Martinsville is 26.2% less expensive than the national average, with rent falling between $701 - $928. You can expect to pay 1.5% less for groceries, 8.2% less for utilities, and 6.8% less for transportation.
How does Martinsville, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Martinsville, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$701/month
$701/month
One Bedroom
$1,073/month
$1,073/month
Two Bedroom
$1,949/month
$1,949/month
Three Bedroom
$2,693/month
$2,693/month
Apartment Communities in Martinsville We Think You'll Love
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Frequently Asked Questions
What is the average rent in Martinsville?
The average rent in Martinsville is $928 per month, which is 44.2% lower than the national average of $1,662.
Are rents going up or down in Martinsville?
Rents in Martinsville, VA are increasing, with prices up 2.6% year-over-year and $24 more per month.
What rent range is most common in Martinsville?
In Martinsville, VA, 38% of apartments fall below $700/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.