Cheap Homes for Rent in Downtown Lynchburg Neighborhood of Lynchburg, VA from $400 (6 Rentals)

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

property at 381 Main St

$470

Total Monthly Price24 Month Lease Term

Total Monthly Price

Base Rent
$470

Total Monthly Price
$470

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

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.

property at 1411 11th St

$760

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1411 11th St

LynchburgVA24501
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 313 Wadsworth St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

313 Wadsworth St

LynchburgVA24501

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.

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 2 Beds unit found at Jobbers Overall priced from $651. Elora Gardens Lynchburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here are the most affordable Downtown Lynchburg apartments for rent in Lynchburg, VA:

Apartment ListingModel NameBed/BathPriced From
Jobbers Overall2 Bed2BR,2BA$651
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Downtown Lynchburg, VA

As of April 08, 2026 the best value apartment in the Downtown Lynchburg area is the $0.81 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,445. The second greatest value Downtown Lynchburg apartment is the 1016 Jefferson St Model at 1016 Jefferson St, Unit #5 starting at $3,300 with a $2.20 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.
River Lofts West2BR/2.0BA2BR,2BA$0.81
1016 Jefferson St, Unit #51016 Jefferson St2BR,2BA$2.20
Piedmont Flour Mill LoftsOne Bedroom1BR,1BA$0.92
The WayneRiverview Flats 2BR2BR,1BA$1.16
Jobbers Overall2 Bed2BR,2BA$0.72
Gish Flats1x11BR,1BA$1.55
12th & Court Lofts2nd Floor StudioStudio ,1BA$1.66
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$1.63
The Humbles Building1BR/1.0BA1BR,1BA$1.99
Elora Gardens Lynchburg1 Bedroom1BR,1BA$1.64

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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.

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Quick 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.

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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

3.5
Pet Friendly

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Frequently Asked Questions about Downtown Lynchburg

What type of rentals are currently available in Downtown Lynchburg?

There are currently 72 Apartments for Rent in Downtown Lynchburg, VA with pricing that ranges from $651 to $3,300. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lynchburg ranging from $470 to $1,980.

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 $470 to $1,980 with an average monthly rent of $1,234.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.