mberna's solution here is what worked for me on an Ubuntu 18.04 host with 
whatever is the current Lubuntu 18.04 desktop amd64 ISO:
https://superuser.com/questions/1295202/garbled-display-when-running-lubuntu-17-10-as-guest-os

1. disabling nested paging (system → acceleration → enable nested paging 
checkbox)
2. increasing the video memory to 128 mb (display → video memory slider)

After installation you can re-enable nested paging.

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https://bugs.launchpad.net/bugs/1766859

Title:
  Display corrupted in virtualbox

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