See all rent data for Lynchburg, VA →
Typical Rent in 24504 — Lynchburg, VA
The typical 1-bedroom rent in 24504 (Lynchburg, VA) is $1,100/month as of 2026, based on 4 data sources. Rents have risen 0.2% year over year, so an increase above 0.2% exceeds the local market trend. Studio: $1,090. 2-bedroom: $1,260.
Rents in Lynchburg have changed approximately -0.9% – +0.6% over the past year based on local market data. A rent increase above 0.6% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,100/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 24504 (Lynchburg, VA) is $1,100 for FY2026.
Rents in 24504 have increased 0.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Lynchburg (24504) is approximately 0.2% for 2026. The typical 1-bedroom rent is $1,100/month. Any increase significantly above 0.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 24504 (Lynchburg)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 24504 (Lynchburg) typically rents for $1,090 – $1,177.
Rents above $1,354 are in the top 25% for this area.
A 1-bedroom in 24504 (Lynchburg) typically rents for $1,100 – $1,265.
Rents above $1,455 are in the top 25% for this area.
A 2-bedroom in 24504 (Lynchburg) typically rents for $1,260 – $1,361.
Rents above $1,565 are in the top 25% for this area.
A 3-bedroom in 24504 (Lynchburg) typically rents for $1,740 – $1,879.
Rents above $2,161 are in the top 25% for this area.
A 4-bedroom in 24504 (Lynchburg) typically rents for $1,860 – $2,009.
Rents above $2,310 are in the top 25% for this area.
Current Asking Rents in 24504
What are apartments actually renting for near 24504? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Virginia →
▶Full market data
Rent Trends in Lynchburg, VA
+0.2%
Rents in 24504 (Lynchburg) are holding steady at +0.2% year-over-year.
⚠ Mixed signals
Market sources range from -0.9% to +0.6%
Sources: Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 24504
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Lynchburg, VA MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,090 | $1,094 |
| 1-Bedroom | $1,100 | $1,100 |
| 2-Bedroom | $1,260 | $1,264 |
| 3-Bedroom | $1,740 | $1,741 |
| 4-Bedroom | $1,860 | $1,864 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 24504
What is the average 1-bedroom rent in 24504?
The typical 1-bedroom rent in 24504 (Lynchburg, VA) is $1,100/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,090 and 2-bedroom rent at $1,260.
What is a fair rent increase in 24504?
A rent increase up to about 0.2% is in line with the recent local market trend in 24504. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 24504?
Rents in 24504 have risen 0.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 24504?
On this page, studio rent in 24504 is $1,090/month and 2-bedroom rent is $1,260/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Lynchburg, VA? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 24504 ($1,100/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Lynchburg, VA
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →