Rentometer, Inc. | Data as of 10/22/2025
Located in the heart of Virginia’s Shenandoah Valley, Lynchburg blends historic charm with vibrant urban amenities, making it a sought‑after destination for renters seeking both convenience and character. The downtown Riverfront District, with its revitalized waterfront and bustling Market Square, offers easy access to boutique shops, dining, and cultural venues such as the Academy Center for the Arts. Nearby neighborhoods like Old City, Campbell Avenue, and the College Hill area provide a mix of walkable streets, tree‑lined avenues, and proximity to major employers, the regional medical center, and campuses of nearby colleges. With a strong sense of community, abundant green spaces, and an active event calendar, the city appeals to young professionals, families, and students alike.
The rental market in Lynchigan reflects this diversity, featuring a broad spectrum of housing options. Studios and one‑bedroom apartments typically fall in the $800s to $1,200 range, while two‑ and three‑bedroom units often occupy the $1,200 to $1,500 bracket, and larger four‑plus bedroom homes can reach the $2,300 range. Historic homes converted to rentals blend classic architecture with modern comforts, while newer apartment complexes deliver contemporary amenities such as fitness centers, co‑working spaces, and pet‑friendly policies. Whether you’re drawn to the historic charm of a renovated Victorian house or the convenience of a modern downtown loft, Lynchburg’s rental landscape offers affordable choices across price points, supporting a dynamic and growing community of renters.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $864 | $857 | $749 - $995 | $820 - $995 |
| Apartment | 1 Bedroom | $2,664 | $1,150 | $652 - $92,100 | $900 - $1,250 |
| Apartment | 2 Bedroom | $1,246 | $1,249 | $799 - $1,800 | $1,020 - $1,487 |
| Apartment | 3 Bedroom | $1,460 | $1,499 | $680 - $2,295 | $1,294 - $1,695 |
| House | 1 Bedroom | $897 | $835 | $540 - $1,500 | $645 - $1,195 |
| House | 2 Bedroom | $1,106 | $1,095 | $600 - $2,400 | $895 - $1,275 |
| House | 3 Bedroom | $1,699 | $1,650 | $650 - $4,299 | $1,395 - $1,900 |
| House | 4+ Bedroom | $2,284 | $2,300 | $1,200 - $3,995 | $1,895 - $2,600 |
In the current period, the average rent in Lynchburg was $808 for Studio, $2,251 for 1 Bedroom, $1,169 for 2 Bedroom, $1,651 for 3 Bedroom, and $2,059 for 4+ Bedroom.
Data provided by Rentometer, Inc.