58 Minutes Ago
Highlights
Pet Friendly
Location
540 Monticello Ave, Lynchburg, VA 24501, USA|Tate Springs
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Property Overview
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Outdoor space
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 900 sqft | $995 /mo | 1 unit available | Discover this 2-bedroom, 1-bathroom duplex unit in Lynchburg, VA. The well-appointed layout offers comfortable living space with easy maintenance, and utilities are simplified with water, trash, and lawn care included. Located in a convenient area of Lynchburg, this unit provides straightforward, low-hassle living. |
Let's explore this property.
Amenities for DW - 540 Monticello
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About DW - 540 Monticello
Discover this 2-bedroom, 1-bathroom duplex unit in Lynchburg, VA. The well-appointed layout offers comfortable living space with easy maintenance, and utilities are simplified with water, trash, and lawn care included. Located in a convenient area of Lynchburg, this unit provides straightforward, low-hassle living.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, DW - 540 Monticello is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, DW - 540 Monticello has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
DW - 540 Monticello offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
DW - 540 Monticello goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, DW - 540 Monticello receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
DW - 540 Monticello is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While DW - 540 Monticello does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
DW - 540 Monticello is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How DW - 540 Monticello compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Tate Springs
2-bedroom apartments at DW - 540 Monticello cost about 11% more than the average rent price for 2-bedroom apartments in Tate Springs.
Median rents as of May 9 2026.
Tate Springs
Lynchburg
| Month | Median Rent |
|---|---|
| May 2024 | $1,224 |
| June 2024 | $1,224 |
| July 2024 | $1,224 |
| August 2024 | $1,224 |
| September 2024 | $1,224 |
| October 2024 | $1,028 |
| November 2024 | $1,025 |
| December 2024 | $1,025 |
| January 2025 | $1,025 |
| February 2025 | $1,025 |
| March 2025 | $1,025 |
| April 2025 | $995 |
| May 2025 | $963 |
| June 2025 | $983 |
| July 2025 | $1,013 |
| August 2025 | $1,017 |
| September 2025 | $1,010 |
| October 2025 | $1,016 |
| November 2025 | $1,045 |
| December 2025 | $1,036 |
| January 2026 | $1,025 |
| February 2026 | $1,025 |
| March 2026 | $1,026 |
| April 2026 | $1,033 |
| May 2026 | $1,025 |
| Month | Median Rent |
|---|---|
| May 2025 | $750 |
Affordability calculator
Can I afford to live at 540 Monticello Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 2-bedrooms monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.
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Internet available near DW - 540 Monticello
Getting around Lynchburg near 540 Monticello Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 540 Monticello Ave, Lynchburg
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Nightlife
4/10
Few or no bars within walking distance
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