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$696 - $830
Plus Fees
1 to 2 Bedroom Apartments Available NowElora Gardens Lynchburg
701 Hollins StLynchburg, VA 24504
Cheap Apartments for Rent in Prospect, VA from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.
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$714 - $1,014
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal 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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$771 - $819
Plus Fees
2 to 3 Bedroom Apartments Contact Us For AvailabilityJobbers Overall
1501 Kemper StLynchburg, VA 24501
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$790 - $1,000
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityWesley Apartments - Senior Living Community
1201 Long Meadows DrLynchburg, VA 24502
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$849 - $1,064
Total Monthly Price12 Month Lease Term
2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$849 - $1,064
Total Monthly Price
$849 - $1,064
Bramblewood Apartments
3300 Old Forest RdLynchburg, VA 24501
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$859 - $1,109
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$749 - $999
Required Monthly Fees
$110
Total Monthly Price
$859 - $1,109
Rivermont Park
2935 Rivermont AveLynchburg, VA 24503
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$895 - $995
Plus Fees
Studio to 1 Bedroom Apartments Available NowMidtown on 12th
1701 12th StLynchburg, VA 24501
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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$895 - $1,695
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowChurch Street Townhomes
1312 Church StLynchburg, VA 24504
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$895 - $995
Plus Fees
2 Bedroom Apartments Available NowIvy Ridge
1609 McVeigh RdLynchburg, VA 24502
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$899 - $1,019
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$800 - $920
Required Monthly Fees
$99
Total Monthly Price
$899 - $1,019
Imperial Tobacco Lofts
1220 Commerce StLynchburg, VA 24504
381 Main St
Madison HeightsVA24572
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1 to 2 Bedroom Apartments
Holland House
3710 Fort AveLynchburg, VA 24501
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1 to 3 Bedroom Apartments
Miller's Rest Apartments
6125 Old Mill RdLynchburg, VA 24502
1411 11th St
LynchburgVA24501
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.
912 Floyd St
LynchburgVA24501
1401 Garfield Ave
LynchburgVA24501
726 Wright Shop Rd
Madison HeightsVA24572
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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
511 Florida Ave
LynchburgVA24504
1729 Edmunds St
LynchburgVA24501
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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1 to 2 Bedroom Apartments
Midpoint Apartments
1101 Jefferson StLynchburg, VA 24504
Showing Results 1-22, 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 | $913 | $790 | $1,170 |
| Prospect 1 Bedroom Apartments | $1,156 | $696 | $2,072 |
| Prospect 2 Bedroom Apartments | $1,373 | $771 | $3,768 |
| Prospect 3 Bedroom Apartments | $1,672 | $819 | $4,053 |
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 Elora Gardens Lynchburg in the Tate Springs neighborhood priced from $696. Bramblewood Apartments in the Tate Springs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $696 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $849 |
| Rivermont Park | Studio | Studio,1BA | $859 |
| Ivy Ridge | 2 BR | 2BR,1BA | $895 |
| Midtown on 12th | Studio | Studio,1BA | $895 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of February 21, 2026 the best value apartment in the Prospect area is the $0.44 price per square foot CSQ II Model at The Vue at College Square (Student Housing) in the in the Montview neighborhood starting from $750. The second greatest value Prospect apartment is the 4 BR 1.5 Bath Model at 1325-1331 Ruffner Pl starting at $1,495 with a $0.97 price per square foot in the Tate Springs neighborhood. 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 Vue at College Square (Student Housing) | CSQ II | 3BR,3.5BA | $0.44 |
| 1325-1331 Ruffner Pl | 4 BR 1.5 Bath | 4BR,1.5BA | $0.97 |
| Piedmont Flour Mill Lofts | Two Bedroom - Loft | 2BR,2BA | $1.06 |
| 128 Brenleigh Ct | 128 Brenleigh 3bed | 3BR,2BA | $1.15 |
| The Reserve -All Utilities Included&Furnished | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.58 |
| Forestbrook Apartments | 3 Bed/ 2 Bath | 3BR,2BA | $0.98 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.08 |
| Bramblewood Apartments | 3BR/1.0BA | 3BR,1BA | $1.11 |
| The Timbers | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 Rivermont Park listed at $859.
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $696 at Elora Gardens Lynchburg.
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 $830 at Elora Gardens Lynchburg.
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 $999.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.