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Studio Apartment for Rent in Madison Heights, VA

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    $876

    Total Monthly Price

    • Studio
    • 1 Bath
    • 615 Sq Ft
    • Downtown Studio at Riverviews — Exposed Brick & City Views

    901 Jefferson St, Lynchburg, VA 24502

    This charming studio apartment at Riverviews Artspace features exposed brick walls, hardwood floors, and a bright open layout with oversized windows offering city views.Located in the heart of downtown Lynchburg, this unit provides walkable access to restaurants, parks, walking trails, the James River, and the Community Market. The secured building offers interior entry access for added

    901 Jefferson St, Lynchburg, VA 24502

Why Live in Madison Heights

Madison Heights, VA, is a quiet suburban area situated across the James River from Lynchburg. Known for its lower housing prices and county taxes compared to Lynchburg, Madison Heights offers a slower pace of life with small-town charm. The community is closely connected around local schools, and residents often work at nearby institutions such as Liberty University, local colleges, manufacturing plants, and medical facilities like Centra Lynchburg General Hospital. The town features homes built from the early 1900s to the early 2000s, with sparse new construction, including a few homes built in 2024 in the northern part of town. Multifamily housing developments, such as the Town Center apartment complex, are more common. Commuters can reach Lynchburg in about 10 minutes via the Lynchburg Expressway or Amherst Highway, with Greater Lynchburg Transit buses following Route 5 for convenient access. While residential streets are narrow and lack sidewalks, they provide ample yard space. Madison Heights features local attractions like James River Adventures, offering guided kayak and batteau tours, and Riversedge Park, which has views of downtown Lynchburg and a river trail. Although the park is in a flood zone, the town overall does not have flooding concerns. Residents often visit Lynchburg for farmers markets and dining options. The Amherst County Sheriff’s Office reported a 9% decrease in violent crimes from 2022 to 2023, indicating a safer environment compared to the national average.

Frequently Asked Questions

How much does it cost to rent a home in Madison Heights, VA?
The median rent for a home in Madison Heights, VA is $1,322 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Madison Heights, VA?
To comfortably afford the median rent in Madison Heights, VA, a household needs to earn roughly $52,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,322 per month in Madison Heights, VA, renters typically need to show $3,966 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Madison Heights, VA?
In Madison Heights, VA, the price-to-rent ratio is 15.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Madison Heights, VA

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,322
Median Single Family Home Rent
$1,848
Median Townhouse Rent
$718
Median Condo Rent
$1,425
How to Rent a Home