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Updated - 2 days ago
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Pet Friendly

1503 Grace St

Apartment
1-2 beds
1-2 baths
523-727 sqft

About 1503 Grace St

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 on-site 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. Amenities Fee of $125/month covers water, sewer, trash removal, cable, internet and convenient on-site 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....
RentalSource last checked: June 12, 2026 · 4:21 AM ET
Last updated: June 10, 2026 at 2:20 PM ET
Managed by: Consensus Real Estate Services · (434) 851-0231 ·
Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type: Apartment
Rental Fee: $871
Bedrooms: 1-2 beds
Bathrooms: 1-2 baths
Size: 523-727 sqft
Pet Friendly: Yes
Listing Status: Active
ID: 83589237

Property Amenities

•  Cable/Satellite TV
•  High-Speed Internet
•  Pet Friendly
•  Washer/Dryer In Unit

Community Features

•  Controlled Access
•  Fitness Center
•  Laundry Facilities
•  Parking

Unit Rates

Name Beds Baths Sqft Rent
1 Bed 1 1 523 $871
2 Beds 2 2 727 $871

Additional Details

Apartments for rent in Lynchburg for $871 with 1-2 beds, 1-2 baths, 523-727 sqft, pet friendly and located at 1503 Grace St in Lynchburg, VA 24504. The rental price of $871 is 18.9% ($203) lower than the average rent of $1,074 for apartments in Lynchburg, VA. This apartment is in the Lynchburg City Public School District and the nearest schools are Robert S. Payne Elementary School, Linkhorne Middle School and E.C. Glass High School. 1503 Grace St was advertised by Consensus Real Estate Services on May 9, 2026 at 9:29 AM ET, last updated yesterday on June 10, 2026 at 2:20 PM ET and last checked today at 4:21 AM ET.

Affordability Calculator

Can I afford to live at 1503 Grace St?
Bedrooms
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Recommended income
$34,840 /year
With your chosen rent-to-income ratio, an annual income of $34,840 is recommended to comfortably afford this 1-bedroom rental priced at $871 per month.
For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.
Apartment for rent
$871
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Property managed by:
Consensus Real Estate Services
(434) 851-0231
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.

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1503 Grace St, Lynchburg, VA 24504 - Apartment for Rent
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