5+ Days Ago
Highlights
Pet Friendly
- Hardwood floors
- Stone countertops
- Recently renovated unit
- High ceilings
- Central air
Location
507 Madison St #1, Lynchburg, VA 24504, USA|College Hill
Tour 507 Madison St #1
Contact
127 Rentals LLC
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Amenities for 507 Madison St #1, College Hill
Apartment Amenities
| Gas | Hardwood Floor |
| High Ceilings | Water |
Appliances
| Microwave | Range/Oven |
| Refrigerator |
Building
| Cats OK | Dogs OK |
| Sewage |
Services
| Garbage |
Neighborhood
| Central |
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
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 507 Madison St #1
Sweet deal!
This listing is 11% below the median price for 1 bedroom apartments in College Hill.
Stylish 1-bed, 1-bath home with 650 sq. ft. of comfortable living space near downtown. The recently renovated unit features central air, hardwood floors, stone countertops, and high ceilings throughout. Kitchen comes equipped a refrigerator, stove, and microwave. Water/Sewer, garbage service, and gas are included. Schools: • R.S. Payne Elementary • Paul Laurence Dunbar Middle School for Innovation • E.C. Glass High School Income Requirement: • Verified gross monthly income must be at least three (3) times the monthly rent amount. Credit Requirement: • Minimum credit score: 600. • Applicants with a credit score between 550 and 599, or with no established credit history, may be approved with additional conditions. Rental History: • No negative rental history Pet Policy: • Up to two (2) pets allowed. • Breed restrictions apply. See https www 127rentals com for full rental requirements.
Address details
| Neighborhood | College Hill |
|---|---|
| Zip code | 24504 |
| Type | Condo for rent |
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Rent trends in College Hill
1-bedroom apartments at 507 Madison St #1 cost about 11% less than the average rent price for 1-bedroom apartments in College Hill.
Median rents as of Mar 14 2026.
College Hill
Lynchburg
| Month | Median Rent |
|---|---|
| March 2024 | $1,224 |
| April 2024 | $1,224 |
| May 2024 | $1,214 |
| 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 | $1,027 |
| Month | Median Rent |
|---|---|
| August 2024 | $920 |
| September 2024 | $920 |
| October 2024 | $895 |
| July 2025 | $870 |
| August 2025 | $895 |
Affordability calculator
Can I afford to live at 507 Madison St #1?
Bedrooms
1 bedroomRent-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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this 1-bedroom monthly rent price of $795.
For more information on rent affordability, visit our rent calculator.
Schools near 507 Madison St #1
Paul Munro Elementary School
4641 locksview rd
lynchburg, VA, 24503
PK, K-5Public
A-
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Internet available near 507 Madison St #1
Getting around Lynchburg near 507 Madison St #1
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 507 Madison St #1, Lynchburg
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some 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
Explore the area around 507 Madison St #1
Z Market
1401 Park Ave
Sedalia Country Store Inc
Wadsworth & Fort Ave
F & L Market
2517 Memorial Ave
Food Land LLC
2517 Memorial Ave
Food Lion
2909 Memorial Ave
Pastiche at Main
811 Main St
Baby B's
821 Main St
Leecy's Bridal Special
920 Main St
Better Menswear
1735 Park Ave
Benaiah Clothing LLC
1415 Kemper St
Marigold Cafe
712 Church St
Blackwater Coffee Co
828 Main St
Golf Park Coffee
2306 Bedford Ave
Dunkin'
4764 S Amherst Hwy
Starbucks
4744 S Amherst Hwy
Marigold Cafe
712 Church St
Greenhaus
1124 Church St
Touchdown Bar
1125 Main St
The Water Dog
1016 Jefferson St
Fratelli Italian Kitchen-Wine
1200 Commerce St
Montana Plains Bakery
828 Main St
American Pie Bakery
1219 Main St
Cheese Shop at the Market
1219 Main St
Saunders Produce LLC
1219 Main St
The Lynchburg Community Market
1219 Main St
Squared Biscuit Co
522 5th St
Greys
512 5th St
Mother Natures Soul Food Vegan Restaurant
616 5th St
Hunt Brothers Pizza
521 5th St
Beaus Gourmet Cheese & Charcuterie
801 Church St
Fifth / Madison
Plaza Mem, Lgh, Dtwn Lynchburg, White Rock, Madison Heights, Downtown Lynchburg, Post Office, Dmv, Vec, River Ridge Mall, Genworth
Fifth St. & Madison St. (Outbound)
1B, 5, 9
Fifth / Madison
Madison Heights, Downtown Lynchburg, Plaza Mem, Lgh, Dtwn Lynchburg, White Rock, Post Office, Dmv, Vec, River Ridge Mall, Genworth
Fifth St. & Madison St. (Inbound)
1A, 5, 9
Fifth / Clay
Plaza Mem, Lgh, Dtwn Lynchburg, White Rock, Madison Heights, Downtown Lynchburg
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