
Cheap Apartments for Rent in the Petersburg Colonial Heights Neighborhood of Colonial Heights, VA from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Petersburg Colonial Heights area of Colonial Heights.


Lakeview Terrace Townhomes

Branders Bridge Apartments

126 Suffolk Ave

101 Lyons Ave
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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Old Town Creek

Puddledock Place

The Bosco

Puddledock Place Apartments

Petersburg East
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Petersburg Colonial Heights, Colonial Heights, VA Local Guide

How much does it cost to rent an apartment in Petersburg Colonial Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Petersburg Colonial Heights Studio Apartments | $1,628 | $1,167 | $2,090 |
| Petersburg Colonial Heights 1 Bedroom Apartments | $1,290 | $942 | $1,495 |
| Petersburg Colonial Heights 2 Bedroom Apartments | $1,342 | $1,099 | $1,650 |
| Petersburg Colonial Heights 3 Bedroom Apartments | $1,659 | $1,284 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Petersburg Colonial Heights Neighborhood of Colonial Heights, VA.
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Petersburg Colonial Heights, Colonial Heights, VA Local Guide
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Cheapest Available Petersburg Colonial Heights Apartments for Rent
 The cheapest available apartment rental in the Petersburg Colonial Heights area of Richmond, VA is a 1 Bed unit found at Puddledock Place priced from $942. Branders Bridge Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,099. Here are the most affordable Petersburg Colonial Heights apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $942 |
| Branders Bridge Apartments | 2BR1BA | 2BR,1BA | $1,099 |
| Colonial Court Apartments | 2 Bed & 1 Bath | 2BR,1BA | $1,199 |
| Dunlop Farms | The Lee | 2BR,1BA | $1,231 |
| Mayton Transfer Lofts | Myriad | 1BR,1BA | $1,258 |
Best Value Apartments for Rent in Petersburg Colonial Heights, VA
As of February 26, 2026 the best value apartment in the Petersburg Colonial Heights area is the $1.35 price per square foot 2x2 Model at Terrace View Apartments in the in the Petersburg Chesterfield neighborhood starting from $1,463. The second greatest value Petersburg Colonial Heights apartment is the 2BR1.5BA Model at Branders Bridge Apartments starting at $1,165 with a $1.13 price per square foot in the Petersburg Chesterfield neighborhood. Here is today’s list of the best values for Petersburg Colonial Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrace View Apartments | 2x2 | 2BR,2BA | $1.35 |
| Branders Bridge Apartments | 2BR1.5BA | 2BR,1.5BA | $1.13 |
| Clearfield Apartments | B1 | 2BR,2BA | $1.52 |
| Mattox Landing Apartments | Two Bedroom | 2BR,2BA | $1.56 |
| Lakeview Terrace Townhomes | The Shenandoah - Townhome | 2BR,1BA | $1.70 |
| Dunlop Farms | The Lee | 2BR,1BA | $1.50 |
| Colonial Court Apartments | 2 Bed & 1 Bath | 2BR,1BA | $1.50 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $1.26 |
| Mayton Transfer Lofts | Myriad | 1BR,1BA | $2.03 |
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Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Petersburg Colonial Heights, Colonial Heights, VA
Colonial Heights High
Colonial Heights Middle
School data provided by Great Schools
Frequently Asked Questions about Cheap Petersburg Colonial Heights Apartments
What is the price of a cheap apartment in Petersburg Colonial Heights?
The cheapest apartment in Petersburg Colonial Heights is Puddledock Place which is listed at $942, while the average apartment in Petersburg Colonial Heights costs $2,090.
What types of apartments are the cheapest in Petersburg Colonial Heights?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Petersburg Colonial Heights that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
Written by: Richard Corrigan
Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.