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$684 - $1,141
Total Monthly Price
Base Rent$679 - $1,136
Required Monthly Fees$5
Total Monthly Price$684 - $1,141
Miller's Rest Apartments
6125 Old Mill RdLynchburg, VA 24502
Cheap Apartments for Rent near Prospect, VA from $684 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.
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$714 - $1,014
Total Monthly Price
Base Rent$659 - $959
Required Monthly Fees$55
Total Monthly Price$714 - $1,014
The Timbers
2 Timber CtLynchburg, VA 24501
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Rent Specials
$750
Total Monthly Price
Base Rent$750
Total Monthly Price$750
McCausland Ridge
2075 Langhorne RdLynchburg, VA 24501
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$784 - $1,034
Total Monthly Price
Base Rent$749 - $999
Required Monthly Fees$35
Total Monthly Price$784 - $1,034
Rivermont Park
2935 Rivermont AveLynchburg, VA 24503
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$795
Total Monthly Price
Base Rent$795
Total Monthly Price$795
Charanne
4993 S Amherst HwyMadison Heights, VA 24572
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$799 - $1,150
Total Monthly Price
Base Rent$799 - $1,150
Total Monthly Price$799 - $1,150
Bramblewood Apartments
3300 Old Forest RdLynchburg, VA 24501
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Rent Specials
$825 - $995
Total Monthly Price
Base Rent$825 - $995
Total Monthly Price$825 - $995
500 Euclid Avenue
500 Euclid AveLynchburg, VA 24501
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$840 - $1,100
Total Monthly Price
Base Rent$840 - $1,100
Total Monthly Price$840 - $1,100
Wesley Apartments - Senior Living Community
1201 Long Meadows DrLynchburg, VA 24502
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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$854 - $1,024
Total Monthly Price
Base Rent$854 - $1,024
Total Monthly PriceVaries
Elora Gardens Lynchburg
701 Hollins StLynchburg, VA 24504
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$895 - $1,695
Total Monthly Price
Base Rent$895 - $1,695
Total Monthly Price$895 - $1,695
Church Street Townhomes
1312 Church StLynchburg, VA 24504
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$920 - $1,295
Total Monthly Price
Base Rent$920 - $1,295
Total Monthly Price$920 - $1,295
County Green Apartment Homes
401 Kerry LnLynchburg, VA 24502
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$935 - $1,430
Total Monthly Price
Base Rent$830 - $1,325
Required Monthly Fees$105
Total Monthly Price$935 - $1,430
Princeton Circle West Apartments
18 W Princeton CirLynchburg, VA 24503
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$940 - $1,420
Total Monthly Price
Base Rent$905 - $1,385
Required Monthly Fees$35
Total Monthly Price$940 - $1,420
The Westie
123 Phelps RdMadison Heights, VA 24572
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$940 - $1,230
Total Monthly Price
Base Rent$905 - $1,195
Required Monthly Fees$35
Total Monthly Price$940 - $1,230
Peakland Apartments
3901 Boonsboro RdLynchburg, VA 24503
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$950
Total Monthly Price
Base Rent$950
Total Monthly Price$950
The Wayne
1500 Main StLynchburg, VA 24504
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$958 - $2,389
Total Monthly Price
Base Rent$951 - $2,382
Required Monthly Fees$7
Total Monthly Price$958 - $2,389
Walden Pond Apartment Homes
1400 Weeping Willow DrLynchburg, VA 24501
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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$995 - $2,195
Total Monthly Price
Base Rent$995 - $2,195
Total Monthly Price$995 - $2,195
12th & Court Lofts
400 12th StLynchburg, VA 24504
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$995 - $1,400
Total Monthly Price
Base Rent$995 - $1,400
Total Monthly Price$995 - $1,400
Park Place Apartments
2404 Tate Springs RdLynchburg, VA 24501
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$995
Total Monthly Price
Base Rent$995
Total Monthly Price$995
Dumont Apartments
2665 Rivermont AveLynchburg, VA 24503
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$999 - $1,399
Total Monthly Price
Base Rent$900 - $1,300
Required Monthly Fees$99
Total Monthly Price$999 - $1,399
Imperial Tobacco Lofts
1220 Commerce StLynchburg, VA 24504
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1 to 2 Bedroom Apartments
Holland House
3710 Fort AveLynchburg, VA 24501
57 Torrence Ct
BrooknealVA24528
151 Pomona Dr
Madison HeightsVA24572
511B Winston Ridge Rd
LynchburgVA24501
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.
2228 Tulip St
LynchburgVA24504
155 Pomona Dr
Madison HeightsVA24572
47 Bonnydale Ln
ConcordVA24538
27 Bonnydale Ln
ConcordVA24538
15 Bonnydale Ln
ConcordVA24538
117 Pomona Ct
Madison HeightsVA24572
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2 Bedroom Apartments
Daniel Hill Apartments
103 Daniel StBrookneal, VA 24528
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2 to 3 Bedroom Apartments
Jobbers Overall
1501 Kemper StLynchburg, VA 24501
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.
123 Fred Dr
Madison HeightsVA24572
8176 Red House Rd
PhenixVA23959
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1 to 2 Bedroom Apartments
Lakeside Plaza Apartments
1125 Lakeside DrLynchburg, VA 24501
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1 to 2 Bedroom Apartments
Midtown Lofts
2734 Fort AveLynchburg, VA 24501
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2 to 3 Bedroom Apartments
Ivy Ridge
1609 McVeigh RdLynchburg, VA 24502
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Studio to 1 Bedroom Apartments
1701 12th Street
1701 12th StLynchburg, VA 24501
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2 Bedroom Apartments
317 Grove Street
317 Grove StLynchburg, VA 24501
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1 to 2 Bedroom Apartments
Virginia Laundry Lofts
712 12th StLynchburg, VA 24504
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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1 Bedroom Apartments
723 Jefferson Street
723 Jefferson StreetLynchburg, VA 24504
14109 Red House Rd
ConcordVA24538
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1 to 2 Bedroom Apartments
Midpoint
1101 Jefferson StLynchburg, VA 24504
Showing Results 1-43, Page 1 of 1
Prospect, VA Local Guide
Virginia Skies by ncindc is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $947 | $784 | $1,095 |
| Prospect 1 Bedroom Apartments | $1,165 | $684 | $2,200 |
| Prospect 2 Bedroom Apartments | $1,418 | $795 | $3,375 |
| Prospect 3 Bedroom Apartments | $1,692 | $880 | $3,800 |
| Prospect 4 Bedroom Apartments | $2,350 | $2,350 | $2,350 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, VA Local Guide
- Nearby Cities
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Cheapest Available Prospect Apartments for Rent and Nearby
The cheapest available apartment rental in Prospect, VA is a 1 Bed unit found at The Timbers in the Sandusky neighborhood priced from $714. Wesley Apartments - Senior Living Community in the Wyndhurst neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Timbers | 1 Bedroom, 1 Bathroom | 1BR,1BA | $714 |
| Wesley Apartments - Senior Living Community | Studio w/o Ramp-Stair Access | Studio,1BA | $840 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $849 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
| Rivermont Park | 1 Bedroom, 1 Bath | 1BR,1BA | $884 |
| 1701 12th Street | 1701 12th Street - 301 | 1BR,1BA | $895 |
| The Westie | Westie 1B | 1BR,1BA | $940 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| Dumont Apartments | 0BR/1.0BA | Studio,1BA | $995 |
| Park Place Apartments | 2BR/2BA | 2BR,2BA | $995 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of September 11, 2026 the best value apartment in the Prospect area is the $0.58 price per square foot 3 Bedroom - All Inclusive Model at The Reserve - All Inclusive Student Community in the in the Wyndhurst neighborhood starting from $825. The second greatest value Prospect apartment is the The Cumberland Model at Belmont Landing Apartments starting at $1,615 with a $1.14 price per square foot . Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve - All Inclusive Student Community | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.58 |
| Belmont Landing Apartments | The Cumberland | 2BR,2BA | $1.14 |
| The Oasis (Student Housing) | 4 BR Semester Lease | 4BR,2BA | $0.83 |
| Walden Pond Apartment Homes | 2 Bedroom with Den | 2BR,1.5BA | $1.14 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.01 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $0.99 |
| County Green Apartment Homes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.94 |
| Forestbrook Apartments | 2 Bed/ 2 Bath | 2BR,2BA | $1.00 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $1.12 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
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.
Read Article
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.
Read ArticleReal 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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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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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, VA Rentals by Map
See the most popular apartments and homes in Prospect, VA
Frequently Asked Questions about Cheap Prospect Apartments
What is the Cheapest Studio apartment in Prospect?
Currently the most affordable Cheap Studio Apartment in Prospect is at Wesley Apartments - Senior Living Community listed at $840.
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $714 at The Timbers.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $849 at Bramblewood Apartments.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $880.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.
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.