
Cheap Homes for Rent in Downtown Lynchburg Neighborhood of Lynchburg, VA from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lynchburg area of Lynchburg.


912 Floyd 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.

511 Florida Ave

391 Main St
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.

1401 Garfield Ave
Downtown Lynchburg, Lynchburg, VA Local Guide

How much does it cost to rent a home in Downtown Lynchburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lynchburg 2 Bedroom Homes for Rent | $996 | $795 | $1,150 |
| Downtown Lynchburg 3 Bedroom Homes for Rent | $1,393 | $895 | $1,695 |
| Downtown Lynchburg 4 Bedroom Homes for Rent | $1,648 | $1,295 | $1,850 |
| Downtown Lynchburg 5 Bedroom Homes for Rent | $1,780 | $1,780 | $1,780 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Lynchburg Neighborhood of Lynchburg, VA.
Explore Lynchburg
Downtown Lynchburg, Lynchburg, VA Local Guide
- Nearby Lynchburg neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. 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 |
|---|---|---|---|
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $696 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
| 12th & Court Lofts | 2nd Floor Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Downtown Lynchburg, VA
As of January 07, 2026 the best value apartment in the Downtown Lynchburg area is the $0.99 price per square foot 405 Harrison St Model at 405 Harrison St, Unit #1 in the in the Tate Springs neighborhood starting from $1,675. The second greatest value Downtown Lynchburg apartment is the 1016 Jefferson St Model at 1016 Jefferson St, Unit #5 starting at $2,900 with a $1.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 405 Harrison St, Unit #1 | 405 Harrison St | 3BR,2BA | $0.99 |
| 1016 Jefferson St, Unit #5 | 1016 Jefferson St | 2BR,2BA | $1.93 |
| 1025 Church St | 3x2 | 3BR,2BA | $1.04 |
| Piedmont Flour Mill Lofts | Two Bedroom | 2BR,1BA | $1.36 |
| The Wayne | Courtyard 2nd Floor | 1BR,1BA | $1.45 |
| Gish Flats | 1x1 | 1BR,1BA | $1.41 |
| Virginia Laundry Lofts | 1BR/1.5BA | 1BR,1.5BA | $1.68 |
| 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 | $1.64 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 #10
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Lynchburg
What type of rentals are currently available in Downtown Lynchburg?
There are currently 77 Apartments for Rent in Downtown Lynchburg, VA with pricing that ranges from $695 to $2,900. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lynchburg ranging from $725 to $1,850.
What is the current price range for Rental Homes in Downtown Lynchburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lynchburg ranges from $725 to $1,850 with an average monthly rent of $1,359.
How much are larger Three and Four Bedroom Rentals in Downtown Lynchburg?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lynchburg range from $1,050 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,695. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,700.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!