Lynchburg renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Lynchburg is about $779 per month. This puts it in the 71st percentile compared to the state average cost of rent, which is $890. Households in Lynchburg have a median income of $7,204 per month so the average renter in Lynchburg is spending roughly 11% of their earnings on housing.
Nationally, and in Lynchburg, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lynchburg is $208,502 right now, which is lower than nearby cities, meaning that rents in Lynchburg also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Lynchburg while lower rent rates are often available in central areas.
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