Average Rent in Lynchburg, VA↓ Rents falling 5.9% YoY

Lynchburg, VA has rental prices ranging from $965/month to $1,678/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $971/month — 31% below the national average of $1,400/month. With a median household income of $67,782/year, spending $971/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Lynchburg Compares

With an average 2-bedroom rent of $1,117/month, Lynchburg ranks #25 most expensive of the 69 cities tracked in Virginia — pricier than 67% of all US cities in our data.

The Lynchburg Rental Market

The Lynchburg, VA area has a population of about 262,716 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Lynchburg, VA have fallen by $70/month (5.9%) over the past year, from $1,187 to $1,117. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Lynchburg, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,840. The local median household income of $67,782 exceeds that threshold by $28,942, making Lynchburg relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Lynchburg, VA is $263,571, giving a price-to-rent ratio of 19.7. With a break-even horizon of approximately 20 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Lynchburg, VA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Lynchburg?

Break-even analysis and mortgage estimates based on local market data.

Living in Lynchburg

Cost of living, job market, crime rates, and moving cost estimates.