Cheap Homes for Rent in Diamond Hill Neighborhood of Lynchburg, VA from $600 (9 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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

Apartment ListingModel NameBed/BathPriced From
Midtown Lofts1 Bed 1 Bath1BR,1BA$895
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895
12th & Court Lofts2nd Floor Corner Units1BR,1BA$1,295

Best Value Apartments for Rent in Diamond Hill, VA

As of June 26, 2025 the best value apartment in the Diamond Hill area is the $1.35 price per square foot 1200 Commerce St Model at 1200 Commerce St, Unit 4 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 #5 starting at $3,200 with a $2.13 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1200 Commerce St, Unit 41200 Commerce St2BR,2BA$1.35
1016 Jefferson St, Unit #51016 Jefferson St2BR,2BA$2.13
Church Street Townhomes3 Bedroom, 1.5 Bathroom3BR,1.5BA$1.70
Piedmont Flour Mill LoftsTwo Bedroom2BR,1BA$1.62
The WayneRiverview Two's2BR,2BA$1.51
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
12th & Court Lofts2nd Floor Corner Units1BR,1BA$2.07

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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 $750 to $3,200. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Hill ranging from $650 to $2,350.

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 $650 to $2,350 with an average monthly rent of $1,345.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.