Cheap Homes for Rent in the Diamond Hill Neighborhood of Lynchburg, VA from $700 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Diamond Hill area of Lynchburg.

property at 912 Floyd St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Condo for Rent

Available Now

912 Floyd St

LynchburgVA24501
property at 1313 Tilden Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

1313 Tilden Ave

LynchburgVA24501

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.

property at 901 Fifth St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

901 Fifth St

LynchburgVA24504
property at 2249 Aragon St

$995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

2249 Aragon St

LynchburgVA24501
property at 1810 Laurel St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

1810 Laurel St

LynchburgVA24504
property at 214 Pine St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

214 Pine St

LynchburgVA24504

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.

property at 1507 6th St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

4 Bedroom, 1 Bath Home for Rent

Available Now

1507 6th St

LynchburgVA24501

Diamond Hill, Lynchburg, VA Local Guide

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 ListingModel NameBed/BathPriced From
1701 12th Street1701 12th Street - 204Studio,1BA$925
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$995
The Humbles Building2BR/2.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$1.24
The Humbles Building2BR/2.0BA2BR,2BA$1.89
1701 12th Street1701 12th Street - 204Studio ,1BA$1.45
Wills-Camp Lofts2 Bed 1 Bath2BR,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.

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Real 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.

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Pet Friendly Lifestyle
Diamond Hill, Lynchburg, VA

Ranked #9

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.