1917 #16 Rainbow FRST
LynchburgVA24502
Cheap Homes for Rent in Long Island, VA from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Long Island.
6 Rainbow Forest Dr
LynchburgVA24502
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
216 Kenyon St
LynchburgVA24501
112 Montview Forest Dr
LynchburgVA24502
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
110 Montview Forest Dr
LynchburgVA24502
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Long Island, VA Local Guide
Westbound VSR 761 running through Long Island before crossing a former Norfolk and Western Railway line, and later the Staunton River. by Idawriter is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Long Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Long Island 2 Bedroom Homes for Rent | $1,279 | $750 | $2,000 |
| Long Island 3 Bedroom Homes for Rent | $1,816 | $1,350 | $2,950 |
| Long Island 4 Bedroom Homes for Rent | $2,393 | $1,725 | $3,600 |
| Long Island 6 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Long Island, VA Local Guide
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Cheapest Available Long Island Apartments for Rent and Nearby
The cheapest available apartment rental in Long Island, VA is a 2 Beds unit found at Jobbers Overall in the Montview neighborhood priced from $651. Miller's Rest Apartments in the Wyndhurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $684. Here is today’s list of the most affordable Long Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jobbers Overall | 2 Bed | 2BR,2BA | $651 |
| Miller's Rest Apartments | Rhine | 1BR,1BA | $684 |
| Wesley Apartments - Senior Living Community | Studio (Stair Access) | Studio,1BA | $790 |
Best Value Apartments for Rent in Long Island, VA and Nearby
As of April 27, 2026 the best value apartment in the Long Island area is the $0.54 price per square foot 3 Bedroom - All Inclusive Model at The Reserve - All Inclusive Student Community in the in the Wyndhurst neighborhood starting from $775. The second greatest value Long Island apartment is the 3 Bed/ 2 Bath Model at Kendall Square starting at $1,430 with a $1.01 price per square foot in the Wyndhurst neighborhood. Here is today’s list of the best values for Long Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve - All Inclusive Student Community | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.54 |
| Kendall Square | 3 Bed/ 2 Bath | 3BR,2BA | $1.01 |
| County Green Apartment Homes | 3 Beds, 2 baths | 3BR,2BA | $1.00 |
| Cornerstone Lofts | 2 Bed 2 Bath | 2BR,2BA | $1.07 |
| Piedmont Flour Mill Lofts | One Bedroom | 1BR,1BA | $0.96 |
| Forestbrook Apartments | 3 Bed/ 2 Bath with Den | 3BR,2BA | $1.02 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| Jobbers Overall | 2 Bed | 2BR,2BA | $0.72 |
| 44 Moss Creek Apartments | 2BR/1.0BA | 2BR,1BA | $0.97 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Long Island, VA
Frequently Asked Questions about Long Island
What type of rentals are currently available in Long Island?
There are currently 63 Apartments for Rent in Long Island, VA with pricing that ranges from $651 to $3,635. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Long Island ranging from $675 to $3,600.
What is the current price range for Rental Homes in Long Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Long Island ranges from $675 to $3,600 with an average monthly rent of $1,952.
How much are larger Three and Four Bedroom Rentals in Long Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Long Island range from $740 to $3,635, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $1,615.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.