Cheap Homes for Rent in Lynchburg, VA from $500 (59 Rentals)

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lynchburg, VA Local Guide

Cheapest Neighborhoods for Apartments in Lynchburg, VA

Pricing Updated: 06/29/2025

Current apartment rentals in the Lynchburg, VA area range in price from $525 to $2,500 with an overall median price of $2,169. The three Lynchburg neighborhoods with the lowest median rent pricing are Dearington at $650, Downtown Lynchburg at $650, and Rivermont at $525. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lynchburg Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Dearington$1,900$65023
Downtown Lynchburg$1,900$65016
Rivermont$1,900$52517
Diamond Hill$2,125$65013
Tate Springs$2,247$79521
Fort Hill$2,300$1,1002
Montview$2,300$7952
College Hill$2,350$79513
Wyndhurst$2,500$9004

Cheapest Available Lynchburg Apartments for Rent

 

The cheapest available apartment rental in Lynchburg, VA is a 1 Bed unit found at Miller's Rest Apartments in the Wyndhurst neighborhood priced from $679. Elora Gardens Lynchburg in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Lynchburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Miller's Rest ApartmentsTrundle1BR,1BA$679
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Country Place Apartments1 Bed, 1.5 baths1BR,1BA$715
Beechwood1 Bed/ 1 Bath1BR,1BA$780
Woodbine, LLC2BR/1.0BA2BR,1BA$800
Wesley Apartments - Senior Living CommunityStudio (Stair or Ramp Access)Studio,1BA$820
Bramblewood Apartments2BR/1.0BA2BR,1BA$849
500 Euclid AvenueStudio - 500 Euclid1BR,1BA$850
The Timbers2 Bedroom, 1 Bathroom2BR,1BA$859
Walden Pond Apartment Homes1 Bedroom1BR,1BA$864

Best Value Apartments for Rent in Lynchburg, VA

As of June 29, 2025 the best value apartment in the Lynchburg area is the $0.96 price per square foot 3 Beds, 2 baths Model at County Green Apartment Homes in the in the Wyndhurst neighborhood starting from $1,245. The second greatest value Lynchburg apartment is the 3BR/1.5BA Model at Ivy Creek Apartments starting at $999 with a $0.83 price per square foot in the Sandusky 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.
County Green Apartment Homes3 Beds, 2 baths3BR,2BA$0.96
Ivy Creek Apartments3BR/1.5BA3BR,1.5BA$0.83
Forestbrook Apartments2 Bed/ 2 Bath2BR,2BA$0.91
Huntingwood Apartments2 Beds, 1 bath2BR,1BA$1.00
1949 Sunnymeade Rd, Unit D1949 Sunnymeade Rd2BR,1BA$1.09
The Timbers2 Bedroom, 1 Bathroom2BR,1BA$0.98
Walden Pond Apartment Homes1 Bedroom1BR,1BA$1.13
Bramblewood Apartments2BR/1.0BA2BR,1BA$1.06
Woodbine, LLC2BR/1.0BA2BR,1BA$1.00
Miller's Rest ApartmentsTrundle1BR,1BA$0.96

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Lynchburg

What type of rentals are currently available in Lynchburg?

There are currently 220 Apartments for Rent in Lynchburg, VA with pricing that ranges from $659 to $3,200. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lynchburg ranging from $525 to $4,299.

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 $525 to $4,299 with an average monthly rent of $1,413.

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 $850 to $2,398, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $4,299. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,590.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.