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Updated 3 hours ago

The Diamond Hill Lofts


1503 Grace St Lynchburg, VA

2 - 3 Bed
2 Bath

727 - 1,189 Sq. Ft.

Available Now
1 Bed • 1 Bath
$825
508 ft2
0 Available
Managed By: Consensus Real Estate Services, L.L.C.
1503 Grace St - 308
$825
Rented
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1 Bed • 1 Bath
$650
489 ft2
0 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 112
$650
Rented
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1 Bed • 1 Bath
$765
637 ft2
0 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 108
$765
Rented
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1 Bed • 1 Bath
$795
521 ft2
0 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 207
$795
Rented
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1 Bed • 1 Bath
$795
609 ft2
0 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 208
$795
Rented
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2 Beds • 2 Bath
$1,050
727 ft2
1 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 210
$1,050
Available Aug 1st, 2025
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3 Beds • 2 Bath
$1,645
1189 ft2
1 Available
Managed By: Consensus Real Estate Services, L.L.C.
Unit 302
$1,645
Available Now
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
78
Very Walkable
Transit Score®
38
Some Transit
Bike Score®
28
Somewhat Bikeable
Amenities
On-site Laundry
Fitness Center
Refrigerator
Garbage Disposal
Trash Removal Included
Controlled Access
Range / Oven
Microwave
Smoke-free Community
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit:

1050 - 1645

Property details
Description

Welcome to the Diamond Hill Lofts, a newly renovated historic building where modern elegance meets spacious living. Located on Grace Street in downtown Lynchburg, this community is the perfect place for those seeking contemporary comfort and style. Original architectural features are complemented by a modern design. Whether you're looking for a chic one-bedroom or a larger apartment for a growing family, with a variety of thoughtfully designed floor plans, there's a perfect fit for every stage of life.
These light filled apartments combine classic charm with sleek, modern design. They are the perfect blend of original architectural details and up-to-date finishes, including a trendy kitchen with granite countertops, stainless steel appliances, in-unit laundry, and polished cement floors. Building amenities include spacious common areas, an onsite gym, and an oversized parking lot with ample parking.
The Diamond Hill Lofts is situated in a vibrant, walkable neighborhood just minutes from downtown’s top dining, shopping and entertainment. It is an easy walk or drive to the Downtown YMCA, the Black Creek Water Trail and Percival’s Island. This location is ideal for students attending the University of Lynchburg, Liberty University, and Randolph College. It is a short 2.5 miles to Lynchburg General Hospital and only 4 miles to Central Virginia Baptist Hospital.
For more information, please visit our website
https://www.diamondhilllofts.com/
- Amenities Fee of $125/month covers water, sewer, trash removal, cable, internet, and convenient onsite parking.
- Pets conditional with additional non-refundable $300 deposit, monthly pet rent is $25 per pet. Maximum of 2 pets per unit. Maximum of 70lbs.
- The lease term is 12 months, and this is a smoke-free community.
- Renter's or Liability Insurance required.

Additional Details
Total Unit Count: 46
Last Updated: Updated 3 hours ago
Contact Number: (434) 851-0231
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 300.0 10.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Verizon Communications Inc. 15.0 1.0
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Diamond Hill Lofts by bedroom type below.
2 Bedroom
Suggested income:
$37,800
per year
3 Bedroom
Suggested income:
$59,200
per year
Rent report

The Diamond Hill Lofts Rent vs. Lynchburg Average

 The Diamond Hill Lofts      Lynchburg Average
2BR
$1,050
$1,123
$0
$400
$800
$1,200
$1,600
3BR
$1,645
$1,496
$0
$550
$1,100
$1,650
$2,200

The Diamond Hill Lofts is asking 6% less than the average 2 bedroom apartment in Lynchburg.

If you upsized to an average priced Lynchburg 3 bedroom apartment, you would pay 25% more per month.

If you downsized to an average priced Lynchburg 1 bedroom apartment, you would pay 12% less per month.

The Diamond Hill Lofts provides 25% less square footage than the average Lynchburg 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Diamond Hill Lofts
2BR $1,050 $1.40 $3,150
3BR $1,645 $1.40 $4,935
Lynchburg Average
Studio $1,494 $1.90 $4,483
1BR $998 $1.40 $2,995
2BR $1,123 $1.20 $3,369
3BR $1,496 $1.00 $4,487
4BR $1,858 $0.90 $5,575

Availability in Lynchburg

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 61 2BR units on the market in Lynchburg. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
8% 22% 46% 21% 3%
Available Units in Lynchburg
Studio 10
1BR 29
2BR 61
3BR 28
4BR 4
Location
Nearby College
Nearby Hospitals
Name Distance
Centra Lynchburg Ge NER Al Hospital 1.7 mi.
Centra Health Virginia Baptist Hospital 3.25 mi.
Centra Specialty Hospital 3.27 mi.
Nearby Fire Stations
Name Distance
Lynchburg Fire Department 0.51 mi.
Lynchburg Area Joint Fire & Ambulance District 5.74 mi.
Powhatan County Fire Department 7.34 mi.
FAQs
Is this property currently leasing units?
Yes. There are 2 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 727 to 1,189 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,050 to $1,645. The Diamond Hill Lofts has 2 bedroom units available starting at $1,050 and 3 bedroom units available starting at $1,645.
Where is this property located?
This property is at 1503 Grace St in Lynchburg, VA. It's 0.3 miles southwest from the center of Lynchburg.
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