
Cheap Apartments for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $300 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Hill area of Lynchburg.


1401 Garfield Ave

1415 Kemper St

1009 4th St

1219 Pierce St
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.

Church Street Townhomes

Midtown on 12th

Central City and College Hill Homes Apartment

Cliffs Edge Lofts

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

Midpoint Apartments

Red Star Flats

Midtown Lofts

Waters at James Crossing
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Midtown Lofts

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 | $924 | $750 | $1,000 |
| Diamond Hill 1 Bedroom Apartments | $1,165 | $695 | $1,600 |
| Diamond Hill 2 Bedroom Apartments | $1,383 | $651 | $3,300 |
| Diamond Hill 3 Bedroom Apartments | $1,474 | $740 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 17 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 Jobbers Overall priced from $651. 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 |
|---|---|---|---|
| Jobbers Overall | 2 Bed | 2BR,2BA | $651 |
| Midtown on 12th | Studio | Studio,1BA | $895 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
| The Humbles Building | 1BR/1.0BA | 1BR,1BA | $995 |
| 12th & Court Lofts | 2nd Floor Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Diamond Hill, VA
As of April 06, 2026 the best value apartment in the Diamond Hill area is the $2.20 price per square foot 1016 Jefferson St Model at 1016 Jefferson St, Unit #5 in the in the College Hill neighborhood starting from $3,300. The second greatest value Diamond Hill apartment is the One Bedroom Model at Piedmont Flour Mill Lofts starting at $1,099 with a $0.92 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. |
|---|---|---|---|
| 1016 Jefferson St, Unit #5 | 1016 Jefferson St | 2BR,2BA | $2.20 |
| Piedmont Flour Mill Lofts | One Bedroom | 1BR,1BA | $0.92 |
| The Wayne | Riverview Flats 2BR | 2BR,1BA | $1.16 |
| Jobbers Overall | 2 Bed | 2BR,2BA | $0.72 |
| 317 Grove Street | 317 Grove St | 2BR,1BA | $1.14 |
| Gish Flats | 1x1 | 1BR,1BA | $1.55 |
| 12th & Court Lofts | 2nd Floor Studio | Studio ,1BA | $1.66 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.63 |
| The Humbles Building | 1BR/1.0BA | 1BR,1BA | $1.99 |
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.
Read ArticleDon'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.
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 a cheap apartment in Diamond Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Diamond Hill is under $1,250.
What is the price of a cheap apartment in Diamond Hill?
The cheapest apartment in Diamond Hill is Church Street Townhomes which is listed at $895, while the average apartment in Diamond Hill costs $1,495.
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.
How do the prices of cheap apartments compare to the average apartment in Diamond Hill?
Cheap apartments in Diamond Hill have an average cost of $221 which is $1,274 cheaper than the average rent for all rentals in Diamond Hill.
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.