Cheap Homes for Rent in Lynchburg, VA from $500 (157 Rentals)

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

property at 103 Williams Rd

$585

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$585
Total Monthly Price
$585

1 Bedroom, 1 Bath Townhome for Rent

Available Now

103 Williams Rd

Madison HeightsVA24572
property at 496 Stage Rd

$585

Total Monthly Price

Total Monthly Price

Base Rent
$585
Total Monthly Price
$585

1 Bedroom, 1 Bath Home for Rent

Available Now

496 Stage Rd

LynchburgVA24504
property at 115 Williams Rd

$585

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$585
Total Monthly Price
$585

5 Bedroom, 5 Bath Townhome for Rent

Available Now

115 Williams Rd

Madison HeightsVA24572
property at 16 Rainbow Forest Dr

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

1 Bedroom, 1 Bath Home for Rent

Available Aug 22

16 Rainbow Forest Dr

LynchburgVA24502
property at 3 Rainbow Forest Dr

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

3 Rainbow Forest Dr

LynchburgVA24502
property at 155 Pomona Dr

$785

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$785
Total Monthly Price
$785

2 Bedroom, 1 Bath Home for Rent

Available Now

155 Pomona Dr

Madison HeightsVA24572
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 1112 Bedford Ave

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available Now

1112 Bedford Ave

LynchburgVA24504

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.

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property at 2430 Carter St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Oct 5

2430 Carter St

LynchburgVA24501
property at 2461 Rivermont Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

2461 Rivermont Ave

LynchburgVA24503
property at 2908 Carroll Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Aug 20

2908 Carroll Ave

LynchburgVA24501
property at 142 Grove Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

142 Grove Ave

Madison HeightsVA24572

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.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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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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Showing Results 1-50, Page 1 of 4

Lynchburg, VA Local Guide

Cheapest Neighborhoods for Apartments in Lynchburg, VA

Pricing Updated: 08/19/2026

Current apartment rentals in the Lynchburg, VA area range in price from $585 to $3,300 with an overall median price of $1,624. The three Lynchburg neighborhoods with the lowest median rent pricing are Montview at $1,275, Dearington at $1,495, and Rivermont at $1,495. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lynchburg Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Montview$1,275$8505
Dearington$1,495$79546
Rivermont$1,495$58540
Fort Hill$1,500$9458
Tate Springs$1,595$79550
Cornerstone$1,725$1,0003
Diamond Hill$1,750$79524
Sandusky$1,750$1,05011
College Hill$1,800$79528
Downtown Lynchburg$1,800$79529

Cheapest Available Lynchburg Apartments for Rent

 

The cheapest available apartment rental in Lynchburg, VA is a 1 Bed unit found at The Timbers in the Sandusky neighborhood priced from $714. Woodbine, LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Lynchburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Timbers1 Bedroom, 1 Bathroom1BR,1BA$714
Woodbine, LLC1BR/1.0BA1BR,1BA$750
McCausland Ridge1BR/1.0BA1BR,1BA$750
Vista Apartment Homes & Duplexes1 Bed, 1 bath1BR,1BA$780
11 West Princeton Circle1BR/1.0BA1BR,1BA$795
Wesley Apartments - Senior Living CommunityStudio w/o Ramp-Stair AccessStudio,1BA$840
Bramblewood Apartments2BR/1.0BA2BR,1BA$849
Elora Gardens Lynchburg1 Bedroom1BR,1BA$854
Rivermont Park1 Bedroom, 1 Bath1BR,1BA$884
500 Euclid Avenue5001BR,1BA$895

Best Value Apartments for Rent in Lynchburg, VA

As of August 19, 2026 the best value apartment in the Lynchburg area is the $1.00 price per square foot 1215 Heath Ave Model at 1215 Heath Ave, Unit 1215 Heath Avenue #A in the in the Montview neighborhood starting from $1,600. The second greatest value Lynchburg apartment is the 3 Bedroom - All Inclusive Model at The Reserve - All Inclusive Student Community starting at $775 with a $0.54 price per square foot in the Wyndhurst neighborhood. Here is today’s list of the best values for Lynchburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1215 Heath Ave, Unit 1215 Heath Avenue #A1215 Heath Ave4BR,2BA$1.00
The Reserve - All Inclusive Student Community3 Bedroom - All Inclusive3BR,3.5BA$0.54
The Oasis (Student Housing)4 BR Semester Lease4BR,2BA$0.67
The Vue at Cornerstone (Student Housing)3BR 3BA3BR,3BA$0.56
Holly Run ApartmentsBreezewood2BR,1.5BA$0.96
Kendall Square2 Bed/ 2 Bath2BR,2BA$1.00
Ivy Creek Apartments3BR/1.5BA3BR,1.5BA$0.79
Huntingwood Apartments3 bd3BR,2BA$0.90
County Green Apartment Homes2 Beds, 1.5 baths2BR,1.5BA$0.94
Forestbrook Apartments2 Bed/ 2 Bath2BR,2BA$1.00

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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Best Local Schools in
Lynchburg, VA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lynchburg

What type of rentals are currently available in Lynchburg?

There are currently 252 Apartments for Rent in Lynchburg, VA with pricing that ranges from $684 to $2,637. There are also 378 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lynchburg ranging from $585 to $3,300.

What is the current price range for Rental Homes in Lynchburg?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lynchburg ranges from $585 to $3,300 with an average monthly rent of $1,426.

How much are larger Three and Four Bedroom Rentals in Lynchburg?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lynchburg range from $880 to $2,637, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $1,600.

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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.