
Cheap Homes for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $750 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Hill area of Lynchburg.


912 Floyd St

2430 Carter St

512 Stuart St

2249 Aragon 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.

709 Jackson St

1926 Seabury Ave

11 Beverly St

1810 Laurel St

1219 16th St

2219 Poplar 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.

100 Chambers 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 | $1,225 | $750 | $3,300 |
| Diamond Hill 3 Bedroom Homes for Rent | $1,709 | $1,195 | $1,950 |
| Diamond Hill 4 Bedroom Homes for Rent | $1,445 | $1,295 | $1,595 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Diamond Hill Neighborhood of Lynchburg, VA.
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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 1701 12th Street priced from $895. 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 - 301 | 1BR,1BA | $895 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| Midpoint | 1BR/1.0BA | 1BR,1BA | $999 |
| 12th & Court Lofts | 1st Floor Studio | Studio,1BA | $1,095 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1,325 |
Best Value Apartments for Rent in Diamond Hill, VA
As of September 10, 2026 the best value apartment in the Diamond Hill area is the $1.47 price per square foot 1200 Commerce St Model at 1200 Commerce St, Unit #2 in the in the College Hill neighborhood starting from $2,300. The second greatest value Diamond Hill apartment is the 1016 Jefferson St Model at 1016 Jefferson St, Unit #4 starting at $1,650 with a $1.42 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. |
|---|---|---|---|
| 1200 Commerce St, Unit #2 | 1200 Commerce St | 2BR,2BA | $1.47 |
| 1016 Jefferson St, Unit #4 | 1016 Jefferson St | 2BR,2BA | $1.42 |
| Gish Flats | 2x2 | 2BR,2BA | $1.40 |
| 1504 Pierce St | 1504 Pierce St | 2BR,1BA | $1.40 |
| 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 - 204 | Studio ,1BA | $1.40 |
| 12th & Court Lofts | 1st Floor Studio | Studio ,1BA | $1.83 |
| Midpoint | 1BR/1.0BA | 1BR,1BA | $1.85 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
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 71 Apartments for Rent in Diamond Hill, VA with pricing that ranges from $595 to $2,300. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $750 to $3,300.
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 $750 to $3,300 with an average monthly rent of $1,481.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.