Cheap Homes for Rent in Diamond Hill Neighborhood of Lynchburg, VA from $600 (12 Rentals)

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

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.

property at 922 Floyd St

$985 - $1,100

2 To 3 Bedroom Rentals

Available Now

922 Floyd St

LynchburgVA24501

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.

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 1 Bed unit found at Church Street Townhomes priced from $895. 12th & Court Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Diamond Hill apartments for rent in Lynchburg, VA:

Apartment ListingModel NameBed/BathPriced From
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895
12th & Court Lofts2nd Floor StudioStudio,1BA$995
The Humbles Building Apartments1BR/1.0BA1BR,1BA$1,100
Piedmont Flour Mill LoftsOne Bedroom1BR,1BA$1,186
Gish Flats1x11BR,1BA$1,199

Best Value Apartments for Rent in Diamond Hill, VA

As of December 28, 2025 the best value apartment in the Diamond Hill area is the $0.99 price per square foot 405 Harrison St Model at 405 Harrison St, Unit #1 in the in the Tate Springs neighborhood starting from $1,675. The second greatest value Diamond Hill apartment is the 3x2 Model at 1025 Church St starting at $1,450 with a $1.04 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.
405 Harrison St, Unit #1405 Harrison St3BR,2BA$0.99
1025 Church St3x23BR,2BA$1.04
258 Munford St, Unit A258 Munford St2BR,1BA$0.90
Piedmont Flour Mill LoftsTwo Bedroom2BR,1BA$1.35
Gish Flats1x11BR,1BA$1.41
Virginia Laundry Lofts1BR/1.5BA1BR,1.5BA$1.68
12th & Court Lofts2nd Floor StudioStudio ,1BA$1.66
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$1.63

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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The 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.

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Cash 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.

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Quick Rent Budget Calculator

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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.

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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

3.0
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 70 Apartments for Rent in Diamond Hill, VA with pricing that ranges from $725 to $3,658. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $695 to $1,800.

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 $695 to $1,800 with an average monthly rent of $1,320.

How much are larger Three and Four Bedroom Rentals in Diamond Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Diamond Hill range from $1,050 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,695. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,700.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!