Cheap Apartments for Rent in the Downtown Lynchburg Neighborhood of Lynchburg, VA from $300 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Lynchburg area of Lynchburg.

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503 Church St
1 Bedroom Apartments

503 Church St

503 Church StLynchburg, VA 24504

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.

Downtown Lynchburg, Lynchburg, VA Local Guide

Cheapest Available Downtown Lynchburg Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lynchburg area of Lynchburg, VA is a 1 Bed unit found at Elora Gardens Lynchburg priced from $696. Midtown Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Downtown Lynchburg apartments for rent in Lynchburg, VA:

Apartment ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Midtown Lofts1 Bed 1 Bath1BR,1BA$895
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Downtown Lynchburg, VA

As of June 25, 2025 the best value apartment in the Downtown Lynchburg 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 Downtown Lynchburg 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 Downtown Lynchburg 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
Elora Gardens Lynchburg1 Bedroom1BR,1BA$1.64

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Pet Friendly Lifestyle
Downtown Lynchburg, Lynchburg, VA

Ranked #9

Among neighborhoods in Lynchburg, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Lynchburg Neighborhood in Lynchburg, VA

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Downtown Lynchburg Apartments

What is the price of a cheap apartment in Downtown Lynchburg?

The cheapest apartment in Downtown Lynchburg is Elora Gardens Lynchburg which is listed at $696, while the average apartment in Downtown Lynchburg costs $1,500.

What types of apartments are the cheapest in Downtown Lynchburg?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Downtown Lynchburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Lynchburg?

Cheap apartments in Downtown Lynchburg have an average cost of $257 which is $1,243 cheaper than the average rent for all rentals in Downtown Lynchburg.

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.