Cheap Homes for Rent in the Downtown Lynchburg Neighborhood of Lynchburg, VA from $400 (5 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

$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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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 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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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. 1701 12th Street has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Lynchburg apartments for rent in Lynchburg, VA:

Apartment ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$854
1701 12th Street1701 12th Street - 204Studio,1BA$925
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$995

Best Value Apartments for Rent in Downtown Lynchburg, VA

As of July 24, 2026 the best value apartment in the Downtown Lynchburg area is the $1.30 price per square foot Two Bedroom Model at Piedmont Flour Mill Lofts in the in the College Hill neighborhood starting from $1,339. The second greatest value Downtown Lynchburg apartment is the 2 Bedroom, 1 Bathroom Model at Church Street Townhomes starting at $995 with a $1.24 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.
Piedmont Flour Mill LoftsTwo Bedroom2BR,1BA$1.30
Church Street Townhomes2 Bedroom, 1 Bathroom2BR,1BA$1.24
The Humbles Building2BR/2.0BA2BR,2BA$1.89
1701 12th Street1701 12th Street - 204Studio ,1BA$1.45
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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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 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 $695 to $2,300. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lynchburg ranging from $480 to $2,795.

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 $480 to $2,795 with an average monthly rent of $1,350.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.