
Cheap Apartments for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $300 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Hill area of Lynchburg.


1716 Church St

1415 Kemper St, Unit 015

Total Monthly Price
Jobbers Overall

512 Stuart St

Church Street Townhomes

1415 Kemper St

1415 Kemper St, Unit 069
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

12th & Court Lofts

Total Monthly Price
Imperial Tobacco Lofts

1415 Kemper St, Unit 09

1000 Taylor St

611 7th St

Central City and College Hill Homes Apartment

Cliffs Edge Lofts

912 Floyd St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

503 Church St

2430 Carter St

Red Star Flats

River Lofts West

Midtown Lofts

2249 Aragon St

Midtown Lofts

Waters at James Crossing
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

317 Grove Street

Lynchburg High Apartments

1701 12th Street

1926 Seabury Ave

1810 Laurel St

723 Jefferson Street

Midpoint

713-715 Clay St
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.

White Star Flats

Washington Street

100 Horseford Rd

1311 13th St

2020 Rose Ln

1507 6th St

The Motor Company Lofts

Watt House
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.
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 | $977 | $800 | $1,095 |
| Diamond Hill 1 Bedroom Apartments | $1,168 | $695 | $1,800 |
| Diamond Hill 2 Bedroom Apartments | $1,528 | $864 | $2,300 |
| Diamond Hill 3 Bedroom Apartments | $1,583 | $996 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 40 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
- Nearby Lynchburg neighborhoods
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- ZIP codes
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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 1701 12th Street priced from $925. Church Street Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Diamond Hill apartments for rent in Lynchburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1701 12th Street | 1701 12th Street - 405 | 1BR,1BA | $925 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| 12th & Court Lofts | 1st Floor Studio | Studio,1BA | $1,095 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1,325 |
| River Lofts West | 2BR/2.0BA | 2BR,2BA | $1,455 |
| Wills-Camp Lofts | 2 Bed 1 Bath | 2BR,1BA | $1,595 |
| Krise Luxury Lofts | 1BR/1.5BA | 1BR,1BA | $1,875 |
Best Value Apartments for Rent in Diamond Hill, VA
As of August 20, 2026 the best value apartment in the Diamond Hill area is the $1.42 price per square foot 1016 Jefferson St Model at 1016 Jefferson St, Unit #4 in the in the College Hill neighborhood starting from $1,650. The second greatest value Diamond Hill apartment is the 1504 Pierce St Model at 1504 Pierce St starting at $1,500 with a $1.50 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. |
|---|---|---|---|
| 1016 Jefferson St, Unit #4 | 1016 Jefferson St | 2BR,2BA | $1.42 |
| 1504 Pierce St | 1504 Pierce St | 2BR,1BA | $1.50 |
| Krise Luxury Lofts | 1BR/1.5BA | 1BR,1.5BA | $2.09 |
| River Lofts West | 2BR/2.0BA | 2BR,2BA | $1.67 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.33 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1.89 |
| 1701 12th Street | 1701 12th Street - 405 | Studio ,1BA | $1.45 |
| 12th & Court Lofts | 1st Floor Studio | Studio ,1BA | $1.83 |
| Wills-Camp Lofts | 2 Bed 1 Bath | 2BR,1BA | $2.66 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #9
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 1701 12th Street listed at $925.
How much is rent for a Cheap One Bedroom Diamond Hill Apartment?
The lowest price for a Cheap One Bedroom Diamond Hill Apartment is $925 at 1701 12th Street.
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.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.