
Cheap Apartments for Rent in the Downtown Lynchburg Neighborhood of Lynchburg, VA from $300 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lynchburg area of Lynchburg.


431 Blackford St, Unit Apt 2

Total Monthly Price
Jobbers Overall

1219 Pierce St

Midtown on 12th

Church Street Townhomes

Total Monthly Price
317 Grove Street

1821 Taylor St
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.

Total Monthly Price
White Star Flats

900 Polk St

12th & Court Lofts

Total Monthly Price
Imperial Tobacco Lofts

Piedmont Flour Mill Lofts

Central City and College Hill Homes Apartment

Cliffs Edge Lofts

503 Church St
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.

912 Floyd St

Midpoint Apartments

The Virginian Lofts

Red Star Flats

901 Jefferson St

905 Centerdale St

Midtown Lofts

Midtown Lofts
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.

Lynchburg High Apartments

Virginia Laundry Lofts

723 Jefferson Street

1810 Laurel St

Elora Gardens Lynchburg

713-715 Clay St

River Lofts West

100 Horseford Rd
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.

Factory 88

Watt House

209 Clark St
Downtown Lynchburg, Lynchburg, VA Local Guide

How much does it cost to rent an apartment in Downtown Lynchburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lynchburg Studio Apartments | $911 | $895 | $995 |
| Downtown Lynchburg 1 Bedroom Apartments | $1,141 | $850 | $1,600 |
| Downtown Lynchburg 2 Bedroom Apartments | $1,281 | $795 | $2,250 |
| Downtown Lynchburg 3 Bedroom Apartments | $1,530 | $985 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Downtown Lynchburg Neighborhood of Lynchburg, VA.
See all Apartments in LynchburgExplore Lynchburg
Downtown Lynchburg, Lynchburg, VA Local Guide
- Nearby Lynchburg neighborhoods
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Cheapest Available Downtown Lynchburg Apartments for Rent
 The cheapest available apartment rental in the Downtown Lynchburg area of Lynchburg, VA is a Studio unit found at Midtown on 12th 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 Downtown Lynchburg apartments for rent in Lynchburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Midtown on 12th | Studio | Studio,1BA | $895 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
| 317 Grove Street | 2 Bedroom 1 Bath - 48746 | 2BR,1BA | $910 |
| 12th & Court Lofts | 2nd Floor Studio | Studio,1BA | $995 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $996 |
| The Wayne | Riverview Flats 1BR | 1BR,1BA | $1,150 |
| The Humbles Building | 2BR/2.0BA | 2BR,2BA | $1,325 |
Best Value Apartments for Rent in Downtown Lynchburg, VA
As of May 25, 2026 the best value apartment in the Downtown Lynchburg area is the $0.97 price per square foot 2 Bedroom 1 Bath - 48746 Model at 317 Grove Street in the in the Montview neighborhood starting from $910. The second greatest value Downtown Lynchburg 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 Downtown Lynchburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 317 Grove Street | 2 Bedroom 1 Bath - 48746 | 2BR,1BA | $0.97 |
| The Wayne | Courtyard 2nd Floor | 1BR,1BA | $1.45 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
| 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 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $2.34 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleDowntown Lynchburg, Lynchburg, VA
Ranked #9
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Lynchburg Apartments
What is a cheap apartment in Downtown Lynchburg?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lynchburg is under $1,325.
What is the price of a cheap apartment in Downtown Lynchburg?
The cheapest apartment in Downtown Lynchburg is Church Street Townhomes which is listed at $895, 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 4 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 $285 which is $1,110 cheaper than the average rent for all rentals in Downtown Lynchburg.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.