Cheap Apartments for Rent in Petersburg, VA from $500 (57 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Petersburg.

property at 616 Harrison St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

616 Harrison St

PetersburgVA23803
close
View Me
Studio 622
$839 - $1,019
Total Monthly Price

Total Monthly Price

Base Rent
$809 - $989
Required Monthly Fees
$30

Total Monthly Price
$839 - $1,019
Studio to 1 Bedroom Apartments Available Now

Studio 622

622 E Wythe StPetersburg, VA 23803
Affordability
  • Verified
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

close
View Me
Petersburg ArtistSpace Lofts
Rent Specials
$1,011 - $2,118
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$891 - $1,998
Required Monthly Fees
$120

Total Monthly Price
$1,011 - $2,118
Studio to 2 Bedroom Apartments Available Now

Petersburg ArtistSpace Lofts

120 Perry StPetersburg, VA 23803
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
The Bosco
Rent Specials
$1,015 - $1,249
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,249

Total Monthly Price
$1,015 - $1,249
1 Bedroom Apartments Available Now

The Bosco

219 E Bank StPetersburg, VA 23803
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Woodmere Apartments
$1,018 - $1,915
Total Monthly Price14 Month Lease Term

Total Monthly Price

Base Rent
$1,011 - $1,908
Required Monthly Fees
$7

Total Monthly Price
$1,018 - $1,915
1 to 3 Bedroom Apartments Available Now

Woodmere Apartments

1 Woodmere DrPetersburg, VA 23805
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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.

close
View Me
Old Towne Flats
$1,047 - $1,302
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,150
Required Monthly Fees
$152

Total Monthly Price
$1,047 - $1,302
Studio to 1 Bedroom Apartments Available Now

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
Family Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free
property at 141 E Wythe St

$1,095 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 To 2 Bedroom Rentals

Available Jul 15

141 E Wythe St

PetersburgVA23803
property at 838 S Jones St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

838 S Jones St

PetersburgVA23803

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 647 W Washington St

$595

Total Monthly Price

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

1 Bedroom, 1 Bath Condo for Rent

Available Now

647 W Washington St

PetersburgVA23803
close
View Me
Washington Columns
Studio to 1 Bedroom Apartments

Washington Columns

633-647 W Washington StPetersburg, VA 23803
Senior Living
close
View Me
Quail Oaks Apartments
2 Bedroom Apartments

Quail Oaks Apartments

2711 S Crater RdPetersburg, VA 23805
  • Utilities Included
property at 913 Priam St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Home for Rent

Available Now

913 Priam St

PetersburgVA23803
close
View Me
Stainback
Studio to 2 Bedroom Apartments

Stainback

416 S West StPetersburg, VA 23803
close
View Me
Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 712 High St

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom Rentals

Available Now

712 High St

PetersburgVA23803
close
View Me
High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included
close
View Me
Long Lofts
1 Bedroom Apartments

Long Lofts

1131 Commerce StPetersburg, VA 23803
  • Utilities Included
close
View Me
Jabez Downtown
1 to 2 Bedroom Apartments

Jabez Downtown

15 W Old StPetersburg, VA 23803
Corporate Housing
  • Utilities Included
close
View Me
Petersburg East
1 to 3 Bedroom Apartments

Petersburg East

110 Croatan DrPetersburg, VA 23803
close
View Me
29 S Jefferson St
1 Bedroom Apartments

29 S Jefferson St

29 S Jefferson StPetersburg, VA 23803
close
View Me
201 E Bank St
1 Bedroom Apartments

201 E Bank St

201 E Bank StPetersburg, VA 23803

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Petersburg, VA Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Petersburg, VA

Pricing Updated: 06/21/2026

Current apartment rentals in the Petersburg, VA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Petersburg Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Old Towne Petersburg$1,670$19478

Cheapest Available Petersburg Apartments for Rent

 

The cheapest available apartment rental in Petersburg, VA is a 1 Bed unit found at Washington Columns in the Petersburg Chesterfield neighborhood priced from $595. Cavalier Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $731. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington Columns1 Beds, 1 Baths1BR,1BA$595
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
Union FlatsOne Bedroom One Bathroom1BR,1BA$775
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Studio 622STUStudio,1BA$839
301 NORTH - Petersburg Loft Living500s - One Bedroom1BR,1BA$895
Stainback2 Beds, 1 Baths2BR,1BA$895
Viva Colina2BD2BR,1BA$895
Puddledock Place1 Bed, 1 bath1BR,1BA$942
Mill Creek, Mill Pond & Park Ave ApartmentsMill Creek 1 Bed1BR,1BA$950

Best Value Apartments for Rent in Petersburg, VA

As of June 21, 2026 the best value apartment in the Petersburg area is the $0.93 price per square foot 4 Beds, 1.5 Baths Model at 212-222 E Wythe St in the in the Old Towne Petersburg neighborhood starting from $1,295. The second greatest value Petersburg apartment is the 2X2 Model at IVY Gates starting at $1,435 with a $1.05 price per square foot . Here is today’s list of the best values for Petersburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
212-222 E Wythe St4 Beds, 1.5 Baths4BR,1.5BA$0.93
IVY Gates2X22BR,2BA$1.05
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
PinetreeB22BR,2BA$1.10
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
Liberty Pointe2 Bdrm2BR,1BA$1.23
The Bosco1BR/1.0BA1BR,1BA$1.22
Puddledock Place1 Bed, 1 bath1BR,1BA$1.26
Washington Columns1 Beds, 1 Baths1BR,1BA$1.00

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.

Read Article
Decorative image

The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Petersburg, VA Rentals by Map

View Map
Petersburg, VA Apartments Map
View Map
Petersburg, VA Rental Homes Map

Frequently Asked Questions about Cheap Petersburg Apartments

What is a cheap apartment in Petersburg?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Petersburg is under $950.

What is the price of a cheap apartment in Petersburg?

The cheapest apartment in Petersburg is Washington Columns which is listed at $595, while the average apartment in Petersburg costs $1,670.

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 9 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 $660 which is $1,010 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.

Helpful Local Expert Guides

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA article

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.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

Your Richmond Neighborhood Guide: Living Near the City's Top Employers

Written by: Richard Corrigan

Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.