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Downtown apartments for rent - Lynchburg, VA

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Average Rent in Lynchburg, VA

Avg. RentAnnual Change
Lynchburg Studio - $1,649-8%
Lynchburg 1 Bed - $880-4%
Lynchburg 2 Beds - $1,006-6%
Last updated 6/14/2024

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Local Guide

See what Lynchburg, VA has to offer.

Affordability

Last updated 6/14/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown, Lynchburg, VA

In Lynchburg, VA, as of 2024, the average rent for apartments ranges from $880 to $1,649. Specifically, the average rent for a studio apartment in Downtown, Lynchburg, VA is $1,649. For those seeking a 1-bedroom apartments, the average rent is $880. And for a 2-bedroom apartment, renters can expect to pay an average of $1,006.

Annual Rent Change Over the Past 12 Months

Studio

-8%

Changed from $1,792 to $1,649
1 Bed

-4%

Changed from $917 to $880
2 Beds

-6%

Changed from $1,070 to $1,006
Last updated 6/14/2024

Cost of Living

Compared to State Average

7%

Compared to National Average

4.7%

The cost of living in Downtown, Lynchburg, VA is 7% lower than the state average and 4.7% lower than the national average. Downtown, Lynchburg, VA housing is 20.4% less expensive than the U.S average, while utilities are about 11.7% more pricey. When it comes to basic necessities such as food and clothing, groceries are around 4.4% less in Downtown, Lynchburg, VA than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 1.6% more here compared to the U.S. average.
Cost of Living in Downtown, Lynchburg, VACompared to State AverageCompared to National Average
Housing
30.5%
20.4%
Utilities
8.1%
11.7%
Food
6.5%
4.4%
Transportation
9%
11.8%
Healthcare
3.1%
1.6%

Compare Other Cities

CityStudio Avg RentAnnual Change
Lynchburg$1,649-8%
Cave Spring$825--
Vinton$7250%
Roanoke$6670%
City1 Bed Avg RentAnnual Change
Roanoke$1,124+22%
Forest$1,1000%
Daleville$1,099--
Bedford$1,065--
Vinton$1,012+29%
Lynchburg$880-4%
Cave Spring$825--
Waynesboro$800--
Madison Heights$592-15%
City2 Beds Avg RentAnnual Change
Waynesboro$1,675--
Vinton$1,350+32%
Daleville$1,350--
Forest$1,2750%
Bedford$1,255--
Roanoke$1,225+11%
Hollins$1,200--
Lynchburg$1,006-6%
Cave Spring$1,000--
Stuarts Draft$973--
Madison Heights$933--
Amherst$895--

Compare Neighborhoods

Neighborhood1 Bed Avg RentAnnual Change
Montview$1,380+5%
Riverside$900-5%
Fort Hill$795--
Neighborhood2 Beds Avg RentAnnual Change
Montview$1,625+5%
Cornerstone$1,199-4%
Wyndhurst$1,150+5%
Midtown$995--
Miller Park$995--
Riverside$995-5%

Schools

Top Schools in Downtown Lynchburg

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Lynchburg, VA 0 miles$880$1,006
Madison Heights, VA 1.6 miles$592$933
Forest, VA 8.8 miles$1,100$1,275
Bedford, VA 21.6 miles$1,065$1,255
Appomattox, VA 17.8 miles------
Amherst, VA 12.8 miles---$895
Timberlake, VA 9 miles------
Rustburg, VA 9.7 miles------
Altavista, VA 22.3 miles------
Norwood, VA 12 miles------

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
College Hill 0.5 miles------
Midtown 1.6 miles---$995
Diamond Hill 0.7 miles------
Miller Park 1.5 miles---$995
Rivermont 1.4 miles------
Tate Springs 2 miles------