2341 Price St
LynchburgVA24501
Cheap Homes for Rent in Prospect, VA from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.
607 Maple St
LynchburgVA24504
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.
3225 Maryland Ave
LynchburgVA24501
87 Holly Ln
MeherrinVA23954
114 Mattox St
BrooknealVA24528
2536 Carter St
LynchburgVA24501
111 M T Holt Ave
BrooknealVA24528
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.
511 Florida Ave
LynchburgVA24504
4970 Reedy Spring Rd
Spout SpringVA24593
222 Neighbors Dr
AmherstVA24521
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Prospect, VA Local Guide
Virginia Skies by ncindc is licensed under CC BY 2.0
How much does it cost to rent a home in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 2 Bedroom Homes for Rent | $1,031 | $795 | $1,595 |
| Prospect 3 Bedroom Homes for Rent | $1,440 | $995 | $1,895 |
| Prospect 4 Bedroom Homes for Rent | $1,833 | $1,200 | $2,500 |
Browse Top Homes for Rent in Prospect
Explore Prospect
Prospect, VA Local Guide
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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 $799. 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 | $799 |
| Walden Pond Apartment Homes | 1 Bedroom | 1BR,1BA | $806 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of October 05, 2025 the best value apartment in the Prospect area is the $0.72 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,290. The second greatest value Prospect apartment is the CSQ II Model at The Vue at College Square (Student Housing) starting at $790 with a $0.46 price per square foot in the Montview 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. |
|---|---|---|---|
| River Lofts West | 2BR/2.0BA | 2BR,2BA | $0.72 |
| The Vue at College Square (Student Housing) | CSQ II | 3BR,3.5BA | $0.46 |
| The Reserve -All Utilities Included&Furnished | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.58 |
| Belmont Landing Apartments | The Cumberland | 2BR,2BA | $0.99 |
| Gish Flats | 1x1 | 1BR,1BA | $0.92 |
| Forestbrook Apartments | 3 Bed/ 2 Bath | 3BR,2BA | $0.92 |
| Mill's Crossing | 2 | 2BR,2BA | $1.04 |
| County Green Apartment Homes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.90 |
| Princeton Circle West Apartments | Colonial | 2BR,1BA | $0.97 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.00 |
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Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 55 Apartments for Rent in Prospect, VA with pricing that ranges from $659 to $3,608. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $750 to $2,500.
What is the current price range for Rental Homes in Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $750 to $2,500 with an average monthly rent of $1,401.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.