
Cheap Apartments for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $300 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Hill area of Lynchburg.


Total Monthly Price
Imperial Tobacco Lofts

Central City and College Hill Homes Apartment
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.

Cliffs Edge Lofts

1411 11th St

912 Floyd St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

503 Church St
Diamond Hill, Lynchburg, VA Local Guide

How much does it cost to rent an apartment in Diamond Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Hill Studio Apartments | $907 | $850 | $1,000 |
| Diamond Hill 1 Bedroom Apartments | $1,100 | $800 | $1,600 |
| Diamond Hill 2 Bedroom Apartments | $1,329 | $771 | $2,525 |
| Diamond Hill 3 Bedroom Apartments | $1,490 | $819 | $2,195 |
| Diamond Hill 4 Bedroom Apartments | $1,350 | $1,000 | $1,700 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Diamond Hill Neighborhood of Lynchburg, VA.
See all Apartments in LynchburgExplore Lynchburg
Diamond Hill, Lynchburg, VA Local Guide
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Cheapest Available Diamond Hill Apartments for Rent
 The cheapest available apartment rental in the Diamond Hill area of Lynchburg, VA is a 1 Bed unit found at Imperial Tobacco Lofts priced from $800. Midtown on 12th has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Diamond Hill apartments for rent in Lynchburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Imperial Tobacco Lofts | 1BR/1.0BA | 1BR,1BA | $800 |
| Midtown on 12th | Studio | Studio,1BA | $895 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Diamond Hill, VA
As of February 19, 2026 the best value apartment in the Diamond Hill area is the $1.06 price per square foot Two Bedroom - Loft Model at Piedmont Flour Mill Lofts in the in the College Hill neighborhood starting from $1,624. The second greatest value Diamond Hill apartment is the Riverview Flats 2BR Model at The Wayne starting at $1,250 with a $1.16 price per square foot in the Montview neighborhood. Here is today’s list of the best values for Diamond Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Piedmont Flour Mill Lofts | Two Bedroom - Loft | 2BR,2BA | $1.06 |
| The Wayne | Riverview Flats 2BR | 2BR,1BA | $1.16 |
| Gish Flats | 2x2 | 2BR,2BA | $1.40 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
| White Star Flats | 1BR/1.0BA | 1BR,1BA | $1.30 |
| 605 Harrison St. | 2 Bed 1 Bath | 2BR,1BA | $1.42 |
| Imperial Tobacco Lofts | 1BR/1.0BA | 1BR,1BA | $1.20 |
| 12th & Court Lofts | 2nd Floor Studio | Studio ,1BA | $1.66 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.63 |
| River Lofts West | 1BR/1.0BA | 1BR,1BA | $1.79 |
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.
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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.
Pet Friendly LifestyleDiamond Hill, Lynchburg, VA
Ranked #8
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Diamond Hill, Lynchburg, VA
Paul Laurence Dunbar Mid. For Innov.
School data provided by Great Schools
Frequently Asked Questions about Cheap Diamond Hill Apartments
What is the Cheapest Studio apartment in Diamond Hill?
Currently the most affordable Cheap Studio Apartment in Diamond Hill is at Midtown on 12th listed at $895.
How much is rent for a Cheap One Bedroom Diamond Hill Apartment?
The lowest price for a Cheap One Bedroom Diamond Hill Apartment is $800 at Imperial Tobacco Lofts.
What is the lowest price for a Cheap Two Bedroom Diamond Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Diamond Hill is starting from $995 at Church Street Townhomes.
What is the most affordable Diamond Hill Three Bedroom Apartment?
The best deal on a cheap Diamond Hill Three Bedroom Apartment rental is at Church Street Townhomes and starts from $1,395.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.