Cheap Homes for Rent in Downtown Lynchburg Neighborhood of Lynchburg, VA from $700 (20 Rentals)

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

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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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.

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property at 1520 Buchanan St

1520 Buchanan St

LynchburgVA24501

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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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. 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 ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895
The Humbles Building Apartments1BR/1.0BA1BR,1BA$1,100
Piedmont Flour Mill LoftsOne Bedroom1BR,1BA$1,186
12th & Court Lofts2nd Floor Corner Units1BR,1BA$1,195

Best Value Apartments for Rent in Downtown Lynchburg, VA

As of November 22, 2025 the best value apartment in the Downtown Lynchburg area is the $1.09 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,945. The second greatest value Downtown Lynchburg apartment is the 1111 Buchanan St Model at 1111 Buchanan St, Unit ApartmentA starting at $1,195 with a $0.80 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Lofts West2BR/2.0BA2BR,2BA$1.09
1111 Buchanan St, Unit ApartmentA1111 Buchanan St3BR,1BA$0.80
12th & Court Lofts3 Bed + 2 Bath3BR,2BA$1.57
206 11th St, Unit 206 11th206 11th St2BR,2BA$1.30
Piedmont Flour Mill LoftsTwo Bedroom2BR,1BA$1.26
The WayneRiverview Two's 1st Floor2BR,2BA$1.46
Gish Flats1x11BR,1BA$1.41
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$1.63
Elora Gardens Lynchburg1 Bedroom1BR,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.

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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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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 Downtown Lynchburg

What type of rentals are currently available in Downtown Lynchburg?

There are currently 75 Apartments for Rent in Downtown Lynchburg, VA with pricing that ranges from $395 to $3,268. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lynchburg ranging from $750 to $3,495.

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 $750 to $3,495 with an average monthly rent of $1,376.

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 $395 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $3,495. Four Bedroom Single-Family rentals are also available starting from $1,275 and Four Bedroom Apartments start at $1,000.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.