At $907/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $907 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($46,727) is $1,168 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,060); a 4-bedroom is $1,260.
From Zillow's monthly rent index (ZORI) for Martinsville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Martinsville, VA is majority owner-occupied, has a large share of families with children, has a median income below the national average, 22.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Martinsville, VA has changed in 5 years
Median household income climbed from $36,832 to $46,727 between 2021 and 2024, a 26.9% shift. Census counts show Martinsville, VA adding about 182 residents over the five-year window, up 1.4% on net. The renter share has risen from 42.3% to 44.6%, with owner-occupied housing accounting for the remainder.
Discussions about Martinsville
No discussions yet. Start the conversation.
Can you afford rent in Martinsville on your salary?
At $907/mo, how Martinsville rent compares to typical pay (30% rule).
Martinsville rent by bedroom count
Median rent for each apartment size in Martinsville. Click any size for full breakdown.
Tips for renters in Martinsville
Last updated: October 17, 2026
The median rent in Martinsville is $907/mo as of October 2026. A studio apartment averages $700/mo while a 2-bedroom runs $880/mo. One-bedroom apartments average $700/mo and 3-bedroom units go for $1,060/mo.
At 23% of local median household income ($46,727/yr), Martinsville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Martinsville?
Is rent going up or down in Martinsville?
How does Martinsville rent compare to other cities in Virginia?
At $907/mo, rent takes ~23% of Martinsville's median household income ($46,727/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Martinsville.
No discussions yet.