Last updated
Average Rent in Lynchburg 24501 & Rent Trends
Rent prices and market trends across 3 apartment communities in Lynchburg 24501, Lynchburg, VA. Updated daily.
Market Average
$1,203/mo
Lowest Available
$695/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
27
available now
Lynchburg 24501 vs Lynchburg, VA Average
Lynchburg 24501 is cheaper the Lynchburg, VA average by $11/mo (1%). The citywide average is $1,214/mo across all neighborhoods.
Is Rent Going Up or Down in Lynchburg 24501?
As of July 2026, the average rent in Lynchburg 24501 is $1,203 per month across 3 apartment communities and 27 available units.
The most affordable option is NBS Rentals starting at $695/mo. By unit type, a 1-bedroom averages $962/mo, a 2-bedroom averages $1,127/mo, a 3-bedroom averages $1,562/mo.
Prices range from $695 to $1,795 per month. The most common price point is the $800 range, where 6 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lynchburg 24501
Rent Prices by Apartment in Lynchburg 24501
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| NBS Rentals | $695/mo | $762/mo | 3 | 3.1 |
| Blackwater Property Management & Realty | $695/mo | $1,195/mo | 10 | 3.8 |
| Walden Pond Apartment Homes | $900/mo | $1,304/mo | 14 | 3.9 |
Google Search Trends for Lynchburg 24501 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Lynchburg 24501
What is the average rent in Lynchburg 24501?
Is rent going up or down in Lynchburg 24501?
What is the cheapest apartment in Lynchburg 24501?
How much is a 1-bedroom apartment in Lynchburg 24501?
How many apartments are available in Lynchburg 24501?
What salary do I need to live comfortably in Lynchburg 24501?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$48,000/year
Based on the 30 percent rule, using our tracked average rent of $1,203/mo.
Comfortable income
$58,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($695/mo), you need to earn at least $28,000/year.
Median household income in Lynchburg 24501 is $59,808 , about 4% above the comfortable-living threshold.
Cost of living in Lynchburg 24501
Overall prices in Lynchburg 24501 runs below the national average by about 9% (BEA Regional Price Parity index 90.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lynchburg 24501's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,203 |
| Utilities | $277 |
| Groceries | $524 |
| Transportation | $661 |
| Healthcare | $323 |
| Other goods and services | $516 |
| Estimated total | $3,505/mo |
Population
79,255
Median household income
$59,808
Census median rent
$1,043/mo
Rent as % of income
28.9%
Median age
28.4
Mean commute
17 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Lynchburg 24501 Apartments
Browse all 3 communities with daily-updated pricing and availability.