Cheap Apartments for Rent in 24501
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APPLY INSTANTLYPET FRIENDLY$995 - $1,325/mo
1-2 Beds
1-2 BathsThe Lynchburg Midtown Lofts | 2734 Fort Ave #c9721ee04,
Lynchburg, VA 24501
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Average Rent Trends in 24501
Rent in 24501 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,395 |
| Jul 2025 | $1,200 |
| Aug 2025 | $1,195 |
| Sep 2025 | $1,175 |
| Oct 2025 | $1,195 |
| Nov 2025 | $1,250 |
| Dec 2025 | $1,100 |
| Jan 2026 | $1,195 |
| Feb 2026 | $1,200 |
| Mar 2026 | $1,250 |
| Apr 2026 | $1,295 |
| May 2026 | $1,300 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $995 | $1,030 | $1,497 | $1,795 | $1,295 |
| Townhomes | $950 | $1,025 | $1,600 | $2,100 | $1,497 |
| Apartments and Condos | $1,390 | $995 | $1,105 | — | $1,025 |
| Houses | — | $1,195 | $1,650 | $1,750 | $1,525 |
Frequently Asked Questions about Rentals in 24501
- What is the average rent in 24501?The average rent in 24501 is $1,300. Rent prices range from $550 to as much as $3,000, depending on the type of rental.
- How does the rent in 24501 compare to the national average?Average rent in 24501 is about 32% lower than the national average rent of $1,910. That means it is less expensive to rent in 24501 compared to the U.S. average.
- What is the average rent in 24501, by number of bedrooms?The average rent in 24501 is $1,105 for a studio, $950 for a 1 bedroom, $995 for a 2 bedroom, $1,500 for a 3 bedroom, and $1,795 for a 4 bedroom.
- How have rent prices in 24501 changed compared to last year?In the past year, the average rent price in 24501 has decreased by $50. That means the average rent is 4% lower than last year.
- How many available rental listings are in 24501?There are 105 available rental listings in 24501.
- What are some cities near 24501?