Apartments in Lynchburg

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420 Breezewood Dr Lynchburg, VA
3 BR | Available Now
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8108 Timberlake Rd #165 Lynchburg, VA
2 BR | Dec. 5, 2024
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How much does it cost to rent an apartment in Lynchburg?

Lynchburg Apartments
Bed Type Average Rent Range
Studio $1,050 $680 - $1,410
1BR $910 $650 - $1,250
2BR $1,050 $750 - $1,550
3BR $1,500 $950 - $2,050
4+BR $1,940 $1,480 - $2,440

Find a Lynchburg Apartment

Lynchburg is set against the scenic background of the Blue Ridge Mountain foothills. It sits on the James River, and is named for the man who came to the area very young in order to operate a ferry across the river. The city is a very historic site, and was very important in the formative years of the country. Thomas Jefferson even maintained a home in the area for some time.

Lynchburg currently is active in a number of industries including health care and pharmaceuticals. It is also a college town to a degree, with Liberty University being another major employer in the area. Liberty is a Christian School with more than 13,000 in-person students. It also operates a very large online school, and employs a large number of staff to manage that portion of its operations.

When to Search

Mid-summer is a good time to commence an apartment hunt in Lynchburg. This is usually when you'll have the most choice of apartments. July and early August are both good times to look for apartments. Don't leave it much later than the end of August though, or you may find it more difficult than expected to find a place.

Staying in the Know

When you meet with a Lynchburg landlord for the first time, be prepared to answer questions. Before a landlord decides to even offer you an application, they'll usually ask questions about what brings you to town, whether or not you're working, and other basic inquiries. Being prepared to answer politely and concisely can help you give a good first impression from the people you hope to rent from.

Life in Lynchburg

Transportation

The downtown core of the city is easy enough to walk through, but for the rest of the city you will probably want a car. The Lynchburg expressway provides a fairly easy way to quickly navigate to the portion of the city you need to be in. If you don't have a car, you'll need to take advantage of the busses operated by the Greater Lynchburg Transit Company.

Where to play

The Lynchburg Museum is located in an older courthouse, and showcases some important local history. The hills around the city mean that bikers and hikers have no shortage of great opportunities. For those who prefer their entertainment sitting down, the Cinemark Movies 10 shows affordable second-run movies. The Boiler Room Lounge is a popular local bar. Clubhouse Bar and Billiards is another option for those who prefer to shoot some pool while grabbing a drink.

Neighborhoods

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Lynchburg:
November Rent Report

Welcome to the November 2024 Lynchburg Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Lynchburg rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lynchburg and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lynchburg average rent prices in the chart below.

Monthly Rent Report

$1,200
$900
$600
$300
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Lynchburg Rent Prices Increase From October to November

Lynchburg rent prices increased over the last month. From October to November, the city experienced a 4.53% increase for the price of a one-bedroom apartment. The rent price for a Lynchburg one-bedroom apartments currently stands at $1,016.0.

When we take a look at the two-bedroom comparison from October to November, Lynchburg experienced a 4.94% increase for the price of a two-bedroom apartment. The rent price for a Lynchburg two-bedroom apartments currently stands at $1,125.0.

November Prices: Lynchburg vs. Surrounding Areas

Lynchburg, VA
Bedford, VA
Altavista, VA
$972
$950
$593
$0
$350
$700
$1,050
$1,400
Median 1 BR Rent

Rent Prices in Lynchburg and Surrounding Areas

Rent prices have increased in Lynchburg over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lynchburg suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lynchburg suburbs

  • Rent decreased in Altavista, VA, Bedford, VA.

  • 2 suburbs are currently priced lower than the city of Lynchburg.

November 2024 Pricing Trends: Lynchburg vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Lynchburg, VA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$972
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Lynchburg Rent Prices More Affordable Than Major Cities

Rent growth in Lynchburg over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Lynchburg average rent prices appear to be relatively affordable for local residents.

The price for a Lynchburg one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lynchburg and surrounding area rent prices, take a look at the complete data set below.

Data set for Lynchburg and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Lynchburg, VA $972.0 3.96% $1,072.0 4.28%
Altavista, VA $593.0 -0.17% $795.0 0.00%
Bedford, VA $950.0 0.00% $1,075.0 -3.76%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.