Lynchburg, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lynchburg, Virginia rental market.
Lynchburg, Virginia
Average Apartment Rent
$1,290
Y-o-Y Change in Average
Apartment Rent
4.1%
As of March 2026
Compared to a year ago, Lynchburg, Virginia apartments have recorded a 4.1% rent increase.
Lynchburg, Virginia Average apartment rent trend
Lynchburg, Virginia Average Apartment Rent
Lynchburg, Virginia Apartment rent ranges
At 63.05%, apartments priced $1,000 - $1,500 represent the bulk of Lynchburg, Virginia rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 3.5%.
Lynchburg, Virginia Housing tenure**
Renters take up 51% of Lynchburg, Virginia real estate, occupying a total of 14,826 units, while homeowners live in 14,084 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$40,196
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
10.8%
Lynchburg, Virginia Renter-occupied housing units by no. of bedrooms**
There are 7,271 rentals in Lynchburg, Virginia with 2 beds making up the highest share of the market, at 49%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 275 units. Overall, the median number of rooms in Lynchburg, Virginia homes for rent is 4.4.
Lynchburg, Virginia Renter-occupied units by age of householder**
Most condos for rent in Lynchburg, Virginia are occupied by residents in the 15 - 24 years age group (24%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Lynchburg, Virginia Renter-occupied housing units by family type**
Lynchburg, Virginia Renter-occupied housing units by the presence of own children**
A total of 6,690 apartments for rent in Lynchburg, Virginia, or 45% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 3,397 units. All in all, the median size of a renter-occupied household in Lynchburg, Virginia is 2.21.
Lynchburg, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Lynchburg, Virginia.
Lynchburg, Virginia Renter-occupied units by year structure built**
The highest share of Lynchburg, Virginia apartment rentals, namely 18% or 2,681 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (13%, 1,991 units), and the ones Built 1960 - 1969 (13%, 1,925 units).
Lynchburg, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lynchburg, Virginia renters (40%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lynchburg, Virginia condos for rent is 2018.
Lynchburg, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Lynchburg, Virginia renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 17% have No vehicle available.
Lynchburg, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Lynchburg, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lynchburg, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
