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City Report · VA

Lynchburg

Pop. 79,497·78th most expensive in Virginia·One of the most affordable rental markets in the US
Median rent (all units)
$1,333/mo
Year-over-Year
+3.3%
Month-over-Month
+0.6%
vs US Median
-$629
Rising (Monthly)
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Most AffordableMost Expensive
Lynchburg · $1,333
More affordable than 86% of US cities · National median $1,962/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Lynchburg's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,333/mo
Expected by trend
$1,384/mo
The Rent Reality Score compares today's median rent to where Lynchburg's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,120
2 BR
$1,265
3 BR
$1,735
4 BR+
$1,883
Fair Market Rent (HUD)
$1,265/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,333 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$15,996/yr
At $1,333/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.3% YoY, +0.6% MoM), not inventory.
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Demographics

Who lives here

Lynchburg, VA is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 38.5% of residents hold a bachelor's degree or higher.

Population
79,497
Median income
$57,947
Median age
28.6
Renters
51.1%
Age distribution
19.4%
39.1%
17.6%
14.3%
Under 1819.4%
18–3439.1%
35–5417.6%
55–649.6%
65+14.3%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
61.3%
27.2%
White61.3%
Black27.2%
Hispanic5.1%
Asian2.3%
Other4.1%
Education (25+)
24.8%
27.7%
38.5%
No HS diploma9%
HS diploma24.8%
Some college27.7%
Bachelor's+38.5%
Housing tenure
48.9%
51.1%
Owner48.9%
Renter51.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lynchburg, VA has changed in 5 years

Rent
$940 → $1,333
up 41.8%
Income
$54,015 → $57,947
up 7.3%
Population
78,973 → 79,497
up 0.7%
Renter share
50.9% → 51.1%
+0.2 pts
Bachelor's+
38.3% → 38.5%
+0.2 pts

The median rent in Lynchburg, VA stood at $940 in 2021 and currently runs about $1,333, reflecting a 41.8% increase over the period. On the earnings side, the typical household in Lynchburg, VA now reports about $57,947, up from $54,015 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Lynchburg, VA reflects that arc in its own way.

Community

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View Lynchburg rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lynchburg on your salary?

At $1,333/mo, how Lynchburg rent compares to typical pay (30% rule).

By apartment size

Lynchburg rent by bedroom count

Median rent for each apartment size in Lynchburg. Click any size for full breakdown.

Local insights

Tips for renters in Lynchburg

About renting in Lynchburg, VA

Last updated: August 17, 2026

The median rent in Lynchburg is $1,333/mo as of August 2026. A studio apartment averages $1,100/mo while a 2-bedroom runs $1,265/mo. One-bedroom apartments average $1,120/mo and 3-bedroom units go for $1,735/mo.

At 28% of local median household income ($57,947/yr), Lynchburg ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

Is Lynchburg an affordable city for renters?

Lynchburg is considered affordable for renters. At $1,333/mo, rent takes approximately 28% of the local median household income ($57,947/yr). The standard benchmark is 30%. Lynchburg falls comfortably within that range.

How much income do you need to rent in Lynchburg?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,333/mo in Lynchburg. The local median household income is $57,947/yr, meaning the typical Lynchburg household meets that threshold.

Is rent going up or down in Lynchburg?

Rent in Lynchburg has increased 3.3% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Lynchburg neighborhoods have the lowest rent?

The most affordable ZIP codes in Lynchburg are 24503 ($1,103/mo), 24504 ($1,206/mo), and 24501 ($1,224/mo). Citywide, the median rent in Lynchburg is $1,333/mo.

How does Lynchburg rent compare to other cities in Virginia?

Lynchburg is one of the more affordable cities in Virginia for rent, ranking #78 out of 83 tracked cities at $1,333/mo.

Which nearby cities are cheaper to rent in than Lynchburg?

Madison Heights is nearby and more affordable at $1,090/mo, which is $243 less than Lynchburg.

What percentage of Lynchburg residents rent vs. own?

According to Census data, approximately 51.1% of Lynchburg households are renters, while 48.9% are owner-occupied. With a majority renter population, Lynchburg has a strong rental market.

How does Lynchburg rent compare to the national average?

Lynchburg's median rent of $1,333/mo is $629 (32%) below the US national median of $1,962/mo. Within Virginia, it ranks #78 out of 83 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,333/mo, rent takes ~28% of Lynchburg's median household income ($57,947/yr). The standard benchmark is 30%.

Lynchburg 28%Benchmark 30%
State income tax2–5.75%
Run the Lynchburg affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lynchburg, VA

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