
Cheap Apartments for Rent in Petersburg, VA from $690 (76 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


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Cavalier Senior Apartments

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Cavalier Apartments II

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Summit Pointe Apartments

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Studio 622

616 Harrison St

1517 Halifax St

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Aubrey Apartments

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Liberty Pointe

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The Residences at Southern Oaks
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

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Mill Creek, Mill Pond & Park Ave Apartments

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Market St Lofts

310 High St

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High Street Lofts

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The Lofts at Dunlop

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Commerce Street

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Petersburg ArtistSpace Lofts

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Crater Square

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The Bosco

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Woodmere Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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TANGLEWOOD APARTMENTS

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Windham Hills

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Jesse Lee Apartments

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The Cameron Lofts

130 Leavenworth St

1026 Stainback St

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Old Towne Flats

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Mayton Transfer Lofts

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Star Lofts

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Perry Street Lofts
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
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River Road Terrace Apartment Homes

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237 N Sycamore St, Unit 237 N. Sycamore Street

144 Spring St

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Walnut Hill

Claiborne Square Senior Apartments

Washington Columns

Quail Oaks Apartments

Viva Colina

Burr Lofts

Stainback
Richmond’s Best Affordable Neighborhoods
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Plaza at Bank Street

The Lofts at Union Pen

201 E Bank St

1045 6th St

141 East

301 NORTH - Petersburg Loft Living

1121 Stainback St

The Lofts on Market Street

721 Miller St

Webster Court Apartments
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Petersburg, VA Local Guide

How much does it cost to rent an apartment in Petersburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Petersburg Studio Apartments | $1,050 | $690 | $2,090 |
| Cheap Petersburg 1 Bedroom Apartments | $1,194 | $731 | $1,779 |
| Cheap Petersburg 2 Bedroom Apartments | $1,357 | $799 | $2,113 |
| Cheap Petersburg 3 Bedroom Apartments | $1,521 | $1,222 | $2,100 |
| Cheap Petersburg 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Top Apartments in Petersburg
See all Apartments in PetersburgExplore Petersburg
Petersburg, VA Local Guide

- Petersburg Neighborhoods
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Cheapest Neighborhoods for Apartments in Petersburg, VA
Pricing Updated: 09/19/2026Current apartment rentals in the Petersburg, VA area range in price from $690 to $2,113 with an overall median price of $1,327. Here is today’s list neighborhoods with the lowest median pricing for Petersburg Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Towne Petersburg | $1,327 | $690 | 50 |
Cheapest Available Petersburg Apartments for Rent
 The cheapest available apartment rental in Petersburg, VA is a 1 Bed unit found at Cavalier Apartments II in the Petersburg neighborhood priced from $731. Summit Pointe Apartments in the Petersburg neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. Here is today’s list of the most affordable Petersburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cavalier Apartments II | 1 Bed, 1 bath | 1BR, 1BA | $731 |
| Summit Pointe Apartments | 2x1-Small - 2 Bedroom 1 Bath | 2BR, 1BA | $799 |
| Union Flats | One Bedroom One Bathroom | 1BR, 1BA | $840 |
| The Lofts at Union Pen | 600s - One Bedroom | 1BR, 1BA | $895 |
| 201 E Bank St | 1 Beds, 1 Baths | 1BR, 1BA | $895 |
| Aubrey Apartments | 1b1b | 1BR, 1BA | $900 |
| The Residences at Southern Oaks | Magnolia | 1BR, 1BA | $940 |
| Puddledock Place | 1 Bed, 1 bath | 1BR, 1BA | $942 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR, 1BA | $950 |
| The Lofts at Dunlop | 600s - One Bedroom | 1BR, 1BA | $995 |
Best Value Apartments for Rent in Petersburg, VA
As of September 19, 2026 the best value apartment in the Petersburg area is the $1.08 price per square foot 2X2 Model at IVY Gates in the Petersburg neighborhood starting from $1,475. The second greatest value Petersburg apartment is the 3 Beds, 2 baths Model at Cavalier Apartments II in the Petersburg neighborhood starting at $1,285 with a $1.17 price per square foot. Here is today’s list of the best values for Petersburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| IVY Gates | 2X2 | 2BR, 2BA | $1.08 |
| Cavalier Apartments II | 3 Beds, 2 baths | 3BR, 2BA | $1.17 |
| Branders Bridge Apartments | 2BR1.5BA | 2BR, 1.5BA | $1.21 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR, 2BA | $1.19 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR, 1BA | $1.19 |
| Liberty Pointe | 2 Bdrm | 2BR, 1BA | $1.23 |
| Webster Court Apartments | Two Bedroom Garden | 2BR, 1BA | $1.15 |
| Commerce Street | 2BR | 2BR, 1BA | $1.21 |
| 201 E Bank St | 1 Beds, 1 Baths | 1BR, 1BA | $1.12 |
| 1121 Stainback St | 2 Beds, 1 Baths | 2BR, 1BA | $1.24 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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Petersburg Overview
Located in Eastern Virginia at the fall line of the Appomattox River is Petersburg, VA. This town offers both beauty and modern conveniences as well as a rich history. A walk-through area neighborhoods will delight any history buff, while the modern offerings and innovative transportation options also make it a great place to live in today’s time. Therefore, choosing Petersburg apartments is a great way to experience a truly unique city, with both modern and historic offerings.
Why live in Petersburg, VA?
The city of Petersburg, VA offers a variety of activities while providing an affordable rental market for families or singles. The city is rich in historic sites but also provides outdoor enthusiasts with many options as well thanks to its outdoor parks. In addition, the city overall is in close proximity to larger cities as well as coastal destinations that make Petersburg a unique mixture of a small town and suburban feel while offering annual festivals and transportation options.
Best Local Schools in Petersburg, VA
Walnut Hill Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Petersburg, VA Rentals by Map
See the most popular apartments and homes in Petersburg, VA
Frequently Asked Questions about Cheap Petersburg Apartments
What is the price of a cheap apartment in Petersburg?
The cheapest apartment in Petersburg is Cavalier Apartments II which is listed at $731, while the average apartment in Petersburg costs $1,327.
What types of apartments are the cheapest in Petersburg?
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 7 regular apartments in Petersburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Petersburg?
Cheap apartments in Petersburg have an average cost of $855 which is $472 cheaper than the average rent for all rentals in Petersburg.
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.
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