
Cheap Homes for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Hill area of Lynchburg.


1313 Tilden Ave

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.

901 Fifth St

2249 Aragon St

1810 Laurel St

214 Pine 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.

1507 6th St
Diamond Hill, Lynchburg, VA Local Guide

How much does it cost to rent a home in Diamond Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Hill 2 Bedroom Homes for Rent | $1,343 | $795 | $2,795 |
| Diamond Hill 3 Bedroom Homes for Rent | $1,691 | $1,195 | $1,950 |
| Diamond Hill 4 Bedroom Homes for Rent | $1,414 | $1,095 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Diamond Hill Neighborhood of Lynchburg, VA.
Explore 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 Studio 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 - 204 | Studio,1BA | $925 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1,325 |
Best Value Apartments for Rent in Diamond Hill, VA
As of July 27, 2026 the best value apartment in the Diamond Hill area is the $1.24 price per square foot 2 Bedroom, 1 Bathroom Model at Church Street Townhomes in the in the College Hill neighborhood starting from $995. The second greatest value Diamond Hill apartment is the 2BR/2.0BA Model at The Humbles Building starting at $1,325 with a $1.89 price per square foot in the Tate Springs 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. |
|---|---|---|---|
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.24 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1.89 |
| 1701 12th Street | 1701 12th Street - 204 | Studio ,1BA | $1.45 |
| 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 Diamond Hill
What type of rentals are currently available in Diamond Hill?
There are currently 66 Apartments for Rent in Diamond Hill, VA with pricing that ranges from $695 to $2,300. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $795 to $2,795.
What is the current price range for Rental Homes in Diamond Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Diamond Hill ranges from $795 to $2,795 with an average monthly rent of $1,398.
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.

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.