Cheap Apartments for Rent in the Downtown Lynchburg Neighborhood of Lynchburg, VA from $300 (21 Rentals)

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

property at 2380 Aragon St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

2380 Aragon St

LynchburgVA24501
property at 710 Grady St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Home for Rent

Available Now

710 Grady St

LynchburgVA24501
property at 1219 Pierce St

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

2 Bedroom, 1 Bath Home for Rent

Available Now

1219 Pierce St

LynchburgVA24501
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Jobbers Overall
$864 - $996
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$864 - $996

Total Monthly Price
$864 - $996
2 to 3 Bedroom Apartments Contact Us For Availability

Jobbers Overall

1501 Kemper StLynchburg, VA 24501
Affordability
  • Verified
  • Utilities Included

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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Cliffs Edge Lofts
Studio to 2 Bedroom Apartments

Cliffs Edge Lofts

612 Commerce StLynchburg, VA 24504
  • Utilities Included
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503 Church St
1 Bedroom Apartments

503 Church St

503 Church StLynchburg, VA 24504
property at 912 Floyd St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Condo for Rent

Available Now

912 Floyd St

LynchburgVA24501
property at 901 Jefferson St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

Studio, 1 Bath Condo for Rent

Available Now

901 Jefferson St

LynchburgVA24504
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The Virginian Lofts
1 Bedroom Apartments

The Virginian Lofts

301 Rivermont AveLynchburg, VA 24504
  • Utilities Included
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Red Star Flats
Studio to 3 Bedroom Apartments

Red Star Flats

1300 Main StLynchburg, VA 24504

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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Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
  • Utilities Included
property at 1313 Tilden Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Aug 5

1313 Tilden Ave

LynchburgVA24501
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Midtown Lofts
1 to 2 Bedroom Apartments

Midtown Lofts

2734 Fort AveLynchburg, VA 24501
  • Utilities Included
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Midtown Lofts
Studio to 2 Bedroom Apartments

Midtown Lofts

2740 Fort AveLynchburg, VA 24501
  • Utilities Included
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Midpoint
1 to 2 Bedroom Apartments

Midpoint

1101 Jefferson StLynchburg, VA 24504
property at 381 Main St

$480

Total Monthly Price24 Month Lease Term

Total Monthly Price

Base Rent
$480

Total Monthly Price
$480

4 Bedroom, 2 Bath Home for Rent

Available Aug 3

381 Main St

Madison HeightsVA24572
property at 209 Clark St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

3 Bedroom, 2 Bath Home for Rent

Available Aug 1

209 Clark St

Madison HeightsVA24572

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.

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 $854. Church Street Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Downtown Lynchburg apartments for rent in Lynchburg, VA:

Apartment ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$854
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$995
The Motor Company Lofts1 Beds, 1 Baths1BR,1BA$1,095
The Humbles Building2BR/2.0BA2BR,2BA$1,325
River Lofts West2BR/2.0BA2BR,2BA$1,464

Best Value Apartments for Rent in Downtown Lynchburg, VA

As of July 09, 2026 the best value apartment in the Downtown Lynchburg area is the $0.71 price per square foot 2x2.5 Model at 1025 Church St in the in the Tate Springs neighborhood starting from $2,250. The second greatest value Downtown Lynchburg apartment is the Unit 1 Model at 1200 Commerce St starting at $2,700 with a $1.35 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.
1025 Church St2x2.52BR,2.5BA$0.71
1200 Commerce StUnit 12BR,2BA$1.35
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$1.24
The Humbles Building2BR/2.0BA2BR,2BA$1.89
Wills-Camp Lofts2 Bed 1 Bath2BR,1BA$2.66
Elora Gardens Lynchburg1 Bedroom1BR,1BA$2.01

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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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
Downtown Lynchburg, Lynchburg, VA

Ranked #10

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 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 $854, while the average apartment in Downtown Lynchburg costs $1,395.

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 2 regular apartments in Downtown Lynchburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.