
Cheap Homes for Rent in 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.


912 Floyd St

1417 Kemper St

1417 Kemper 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.

511 Florida Ave

1417 Kemper St

1810 Laurel St

901 Fifth 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.

1415 Kemper 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 | $908 | $795 | $995 |
| Diamond Hill 3 Bedroom Homes for Rent | $1,646 | $1,095 | $3,495 |
| Diamond Hill 4 Bedroom Homes for Rent | $1,548 | $1,275 | $1,875 |
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.
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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 |
Best Value Apartments for Rent in Diamond Hill, VA
As of March 11, 2026 the best value apartment in the Diamond Hill area is the $0.81 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,445. The second greatest value Diamond Hill apartment is the Two Bedroom - Loft Model at Piedmont Flour Mill Lofts starting at $1,624 with a $1.06 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. |
|---|---|---|---|
| River Lofts West | 2BR/2.0BA | 2BR,2BA | $0.81 |
| Piedmont Flour Mill Lofts | Two Bedroom - Loft | 2BR,2BA | $1.06 |
| 1025 Church St | 3x2 | 3BR,2BA | $1.04 |
| Jobbers Overall | 2 Bed | 2BR,2BA | $0.72 |
| 713-715 Clay St | 3 bed | 3BR,1BA | $1.11 |
| 317 Grove St | 317 Grove St | 2BR,1BA | $1.14 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
| Watt House | 1 bed | 1BR,1BA | $1.38 |
| 605 Harrison St. | 2 Bed 1 Bath | 2BR,1BA | $1.51 |
| Midpoint Apartments | 1BR/1.0BA | 1BR,1BA | $1.32 |
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 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
3.5Pet 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 67 Apartments for Rent in Diamond Hill, VA with pricing that ranges from $651 to $2,525. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $780 to $3,495.
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 $780 to $3,495 with an average monthly rent of $1,302.
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.