Cheap Apartments for Rent in 24501
125 rentals
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$800 - $1,200/mo
Studio-2 Beds
1-2 Baths3313 Old Forest Road | 3313 Old Forest Rd,
Lynchburg, VA 24501- PET FRIENDLYFURNISHED
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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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| 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 | $1,275 |
| Apr 2026 | $1,295 |
| May 2026 | $1,300 |
| Jun 2026 | $1,295 |
| Jul 2026 | $1,259 |
| Aug 2026 | $1,195 |
Average Rent By Bedroom and Home Type
In August 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 | $792 | $1,125 | $1,395 | $1,850 | $1,200 |
| Townhomes | — | $1,300 | $1,350 | $2,150 | $1,400 |
| Apartments and Condos | $750 | $925 | $1,295 | $1,511 | $975 |
| Houses | $795 | $1,195 | $1,595 | $1,650 | $1,500 |
Frequently Asked Questions about Rentals in 24501
- What is the average rent of an apartment in 24501?The average rent of an apartment in 24501 is $985 per month. This is about 50% lower than the national average.
- When is the average rent cheapest in 24501?In the last year, the average rent in 24501 was lowest in Dec 2025 when it was $1,100 per month.
- When is the average rent most expensive in 24501?In the last year, the average rent in 24501 was highest in Jun 2025 when it was $1,395 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 24501?The average rent of a 1 bedroom apartment in 24501 is $792 per month. That is about $8 less than the cost of a studio apartment.
- How many available rental listings are in 24501?There are 127 available rental listings in 24501.
- What are some cities near 24501?
View this page in Spanish: Apartamentos baratos en renta en 24501 - 155 Rentas | Trulia