Average Rent in Martinsburg, WV↓ Rents falling 1.5% YoY🔺 2nd priciest in WV

Martinsburg, WV has rental prices ranging from $884/month to $1,913/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $949/month — 32% below the national average of $1,400/month. With a median household income of $75,473/year, spending $949/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Martinsburg Compares

With an average 2-bedroom rent of $1,215/month, Martinsburg ranks #2 most expensive of the 49 cities tracked in West Virginia — pricier than 76% of all US cities in our data.

The Martinsburg Rental Market

The Martinsburg, WV area has a population of about 298,525 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Martinsburg, WV have fallen by $18/month (1.5%) over the past year, from $1,233 to $1,215. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Martinsburg, WV without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,960. The local median household income of $75,473 exceeds that threshold by $37,513, making Martinsburg relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Martinsburg, WV is $311,434, giving a price-to-rent ratio of 21.4. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Martinsburg's neighborhoods. Among the highest-value areas are Downtown ($194,271 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Martinsburg, WV Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Martinsburg?

Break-even analysis and mortgage estimates based on local market data.

Living in Martinsburg

Cost of living, job market, crime rates, and moving cost estimates.