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Discover affordable housing in Lynchburg where there are 85+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
2315 Yorktown Avenue, Lynchburg, Virginia 24501
bed1-4
accessibilityAccessible
1201 Long Meadows Dr, Lynchburg, Virginia 24502
bed1
101 Jackson St, Lynchburg, Virginia 24504
bed2-4
3000 Birchwood Dr , Lynchburg, Virginia 24501
bed1
1021 Court St, Lynchburg, Virginia 24501
bed1-4
1014 Wise St, Lynchburg, Virginia 24501
1957 Fort Ave, Lynchburg, Virginia 24501
bed1-2
7612 Timberlake Rd, Lynchburg, Virginia 24502
switch_access_shortcutShort Wait
accessibilityAccessible
1301 Park Ave, Lynchburg, Virginia 24501
700 Federal St, Lynchburg, Virginia 24504
7500 Timberlake Rd, Lynchburg, Virginia 24502
bed1-2
3006 Hill St, Lynchburg, Virginia 24501
6224 Old Mill Rd, Lynchburg, Virginia 24502
2425 Tate Springs Rd, Lynchburg, Virginia 24501
1000 Rockbridge Ave, Lynchburg, Virginia 24501
810 Harrison Street, Lynchburg, Virginia 24504
2550 Anthony Place, Lynchburg, Virginia 24501
bed1-2
679 Leesville Rd, Lynchburg, Virginia 24502
bed2-3
808 Greenfield Dr #29, Lynchburg, Virginia 24501
bed1-3
payment$381-700/mo.
accessibilityAccessible
900 Federal St, Lynchburg, Virginia 24504
bedStudio-2
How To Identify Affordable Housing in Lynchburg, Virginia
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InLynchburg, Virginia
$20.70/hour
(+73%) more thanVirginia minimum wage and
$13.45(+186%) more than the Federal minimum wage.
Learn More About Lynchburg, Virginia AffordableHousing ↓
What HUD offices serve Lynchburg, Virginia?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Lynchburg Redevelopment and Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lynchburg, Virginia.
Go to theVirginiaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Lynchburg.
How many renters live in Lynchburg, Virginia?
The City of Lynchburg haspeople living in households.
There are renters living inrenter households in thisCity. Renters make up 44.52percent of the population living in Lynchburg.
What is the rental market like in Lynchburg, Virginia?
There are an estimated housing units in theLynchburg area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Lynchburg, Virginia, there are1.1 rental units.
What is the vacancy rate for rentals in Lynchburg?
The rental vacancy rate in Lynchburg is 11 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.
How many rental units are in Lynchburg for each bedroom size?
Occupied Rental Units by Size in Lynchburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 522 2,632 7,662 3,101 1,464 Occupied Rental Units by Size in Lynchburg
A large number of apartments in Lynchburg have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How Much Is Rent in Lynchburg
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $948 to $1,627. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $948 One BR $966 Two BR $1,093 Three BR $1,494 Four BR $1,627 2024 Fair Market Rents in Lynchburg, Virginia
How many units are rented at Fair Market Rent (FMR) in Lynchburg?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 360 69 percent One BR 1,768 67 percent Two BR 5,341 70 percent Rental Units Below FMR in Lynchburg, Virginia
How many affordable rental units are in Lynchburg?
There are a variety of federal affordable housing programs serving households inLynchburg, Virginia including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Tracked Units by Federal Program in Lynchburg, Virginia
Income Based Apartments in Lynchburg, Virginia
Lynchburg features 1,318 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Lynchburg, Virginia
There are 1,073 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Lynchburg.
Housing Choice Vouchers in Lynchburg, Virginia
On average, Section 8 Housing Choice vouchers pay Lynchburg landlords$400 per month towards rent. The average voucher holdercontributes $300 towards rent inLynchburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lynchburg, Virginia fora two-bedroom apartment is between $984 and $1,202.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.
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