
Cheap Apartments for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $300 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Hill area of Lynchburg.


710 Grady St

1219 Pierce St

Total Monthly Price
Jobbers Overall

Church Street Townhomes

Total Monthly Price
Imperial Tobacco Lofts

12th & Court Lofts

Total Monthly Price
White Star Flats
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.

2021 Rose Ln

1000 Taylor St

Piedmont Flour Mill Lofts

Central City and College Hill Homes Apartment

Cliffs Edge Lofts

912 Floyd St

503 Church St

Red Star Flats
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.

Midtown on 12th

Midtown Lofts

Waters at James Crossing

Midpoint

Midtown Lofts

317 Grove Street

Lynchburg High Apartments

Virginia Laundry Lofts
Cash 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.

1810 Laurel St

723 Jefferson Street

2249 Aragon St

713-715 Clay St

100 Horseford Rd

River Lofts West

The Motor Company Lofts

Watt House
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.

209 Clark 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 | $1,061 | $995 | $1,095 |
| Diamond Hill 1 Bedroom Apartments | $1,175 | $695 | $1,600 |
| Diamond Hill 2 Bedroom Apartments | $1,348 | $795 | $2,250 |
| Diamond Hill 3 Bedroom Apartments | $1,592 | $996 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 33 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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Cheapest Available Diamond Hill Apartments for Rent
 The cheapest available apartment rental in the Diamond Hill area of Lynchburg, VA is a 2 Beds unit found at Church Street Townhomes priced from $995. The Motor Company Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Diamond Hill apartments for rent in Lynchburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| The Motor Company Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1,325 |
| Wills-Camp Lofts | 2 Bed 1 Bath | 2BR,1BA | $1,595 |
| The Wayne | Uptown Lofts | 1BR,1BA | $1,600 |
| 1025 Church St | 2x2.5 | 2BR,2BA | $2,250 |
| 1200 Commerce St | Unit 1 | 2BR,2BA | $2,700 |
Best Value Apartments for Rent in Diamond Hill, VA
As of July 05, 2026 the best value apartment in the Diamond Hill area is the $0.71 price per square foot 2x2.5 Model at 1025 Church St in the in the Tate Springs neighborhood starting from $2,250. The second greatest value Diamond Hill apartment is the Unit 1 Model at 1200 Commerce St starting at $2,700 with a $1.35 price per square foot in the College Hill 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. |
|---|---|---|---|
| 1025 Church St | 2x2.5 | 2BR,2.5BA | $0.71 |
| 1200 Commerce St | Unit 1 | 2BR,2BA | $1.35 |
| The Wayne | Uptown Lofts | 1BR,1BA | $1.07 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.24 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1.89 |
| 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
2.5Pet 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 price of a cheap apartment in Diamond Hill?
The cheapest apartment in Diamond Hill is The Motor Company Lofts which is listed at $1,095, while the average apartment in Diamond Hill costs $1,395.
What types of apartments are the cheapest in Diamond Hill?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Diamond Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.