209 Clark St
Madison HeightsVA24572
Cheap Homes for Rent in Diamond Hill Neighborhood of Lynchburg, VA from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Hill area of Lynchburg.
912 Floyd St
LynchburgVA24501
1313 Tilden Ave
LynchburgVA24501
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$9751 Bedroom Apartments Available Jul 1
722 Commerce St, Unit 217
722 Commerce StLynchburg, VA 24504
2336 Aragon St
LynchburgVA24501
1810 Laurel St
LynchburgVA24504
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.
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$1,0004 Bedroom Apartments Available Now
1612 Pierce St, Unit B
1612 Pierce StLynchburg, VA 24501
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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 | $1,145 | $795 | $2,100 |
| Diamond Hill 3 Bedroom Homes for Rent | $1,548 | $600 | $1,950 |
| Diamond Hill 4 Bedroom Homes for Rent | $1,556 | $1,195 | $1,980 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
| 12th & Court Lofts | 2nd Floor Studio | Studio,1BA | $995 |
| 713-715 Clay St | 3 bed | 3BR,1BA | $1,000 |
Best Value Apartments for Rent in Diamond Hill, VA
As of June 11, 2026 the best value apartment in the Diamond Hill area is the $1.11 price per square foot 3 bed Model at 713-715 Clay St in the in the Tate Springs neighborhood starting from $1,000. The second greatest value Diamond Hill apartment is the Courtyard 2nd Floor Model at The Wayne starting at $1,250 with a $1.45 price per square foot in the Montview 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. |
|---|---|---|---|
| 713-715 Clay St | 3 bed | 3BR,1BA | $1.11 |
| The Wayne | Courtyard 2nd Floor | 1BR,1BA | $1.45 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1.89 |
| 12th & Court Lofts | 2nd Floor Studio | Studio ,1BA | $1.66 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.63 |
| River Lofts West | 1 Bed 1 Bath | 1BR,1BA | $1.95 |
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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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.
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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.
Lynchburg City Public Schools
Public School - Grades 6-8 (531)
5 out of 10
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 64 Apartments for Rent in Diamond Hill, VA with pricing that ranges from $785 to $2,250. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $600 to $2,100.
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 $600 to $2,100 with an average monthly rent of $1,416.
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 $895 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,000.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.