17 Apartments under 700 for rent in Lynchburg, VA

23 Countryplace Lane
Blue Ridge Farms
Lynchburg, VA
Updated October 13 at 10:14AM UTC
2 Bedrooms
$675
1704 Second St.
Dearington
Lynchburg, VA
Updated October 9 at 9:09AM UTC
2 Bedrooms
$500
122 Cornerstone St
Richland Hills
Lynchburg, VA
Updated October 13 at 6:22PM UTC
Studio
$600
2347 Kemper St
Fairview Heights
Lynchburg, VA
Updated October 15 at 10:54AM UTC
2 Bedrooms
$495
850 Rivermont Ave
White Rock Hill
Lynchburg, VA
Updated October 15 at 10:40AM UTC
3 Bedrooms
$695
1123 Wise Street #B
Dearington
Lynchburg, VA
Updated September 26 at 3:44AM UTC
2 Bedrooms
$450
2106 Rivermont Avenue, Apt. A
Dearington
Lynchburg, VA
Updated October 5 at 11:14PM UTC
1 Bedroom
$650
1509 Taylor Street
White Rock Hill
Lynchburg, VA
Updated September 27 at 11:23AM UTC
3 Bedrooms
$595
125 Page St.
Dearington
Lynchburg, VA
Updated October 17 at 10:56AM UTC
1 Bedroom
$695
1715 Taylor St
White Rock Hill
Lynchburg, VA
Updated October 17 at 5:46PM UTC
1 Bedroom
$625
1466 Tenbury Dr.
Blue Ridge Farms
Lynchburg, VA
Updated October 12 at 10:51AM UTC
2 Bedrooms
$695
2908 Langhorne Rd.
Dearington
Lynchburg, VA
Updated October 5 at 11:10PM UTC
2 Bedrooms
$600
Results within 1 miles of Lynchburg, VA
1133 Homestead Garden Ct
Forest
Forest, VA
Updated October 18 at 2:43AM UTC
1 Bedroom
$575
967 Grand Arbre Drive
Bedford
Bedford, VA
Updated October 17 at 11:02AM UTC
2 Bedrooms
$595
Results within 20 miles of Lynchburg, VA
218 Old Main Street
Brookneal
Brookneal, VA
Updated October 5 at 11:14PM UTC
2 Bedrooms
$595
8276 Brookneal Hwy
, VA
Updated September 26 at 3:53AM UTC
2 Bedrooms
$550
1307 Homestead Garden Ct
Forest
Forest, VA
Updated October 15 at 1:34AM UTC
1 Bedroom
$600
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October 2017 Lynchburg Rent Report

Welcome to the October 2017 Lynchburg Rent Report. Lynchburg rents declined over the past month. In this report, we'll evaluate trends in the Lynchburg rental market, including comparisons to similar cities nationwide.

View full Lynchburg Rent Report
Rent Report
Lynchburg

October 2017 Lynchburg Rent Report

Welcome to the October 2017 Lynchburg Rent Report. Lynchburg rents declined over the past month. In this report, we'll evaluate trends in the Lynchburg rental market, including comparisons to similar cities nationwide.

Lynchburg rents declined over the past month

Lynchburg rents have declined 1.6% over the past month, but are up marginally by 0.8% in comparison to the same time last year. Currently, median rents in Lynchburg stand at $700 for a one-bedroom apartment and $870 for a two-bedroom. Lynchburg's year-over-year rent growth lags the state average of 1.2%, as well as the national average of 2.8%.

Lynchburg rents more affordable than many large cities nationwide

As rents have increased marginally in Lynchburg, a few large cities nationwide have seen rents grow more quickly. Lynchburg is still more affordable than most large cities across the country.

  • Rents also increased slightly in other cities across the state, with Virginia as a whole logging rent growth of 1.2% over the past year. For example, rents have grown by 1.7% in Virginia Beach and 1.7% in Norfolk.
  • Lynchburg's median two-bedroom rent of $870 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.8% rise in Lynchburg.
  • While Lynchburg's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including, Seattle (+4.5%), Phoenix (+4.5%), and Denver (+2.7%).
  • Renters will find more reasonable prices in Lynchburg than most large cities. For example, San Francisco has a median 2BR rent of $3,080, which is more than three-and-a-half times the price in Lynchburg.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.