Cheap Apartments for Rent in Petersburg, VA from $600 (42 Rentals)

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

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Quail Oaks Apartments
2 Bedroom Apartments

Quail Oaks Apartments

2711 S Crater RdPetersburg, VA 23805
  • Utilities Included

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Stainback
2 Bedroom Apartments

Stainback

416 S West StPetersburg, VA 23803
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141 East
1 Bedroom Apartments

141 East

141 E Wythe StPetersburg, VA 23803
  • Utilities Included
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Old Towne Flats
Studio to 1 Bedroom Apartments

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
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Long Lofts
1 Bedroom Apartments

Long Lofts

1131 Commerce StPetersburg, VA 23803
  • Utilities Included

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Petersburg, VA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Petersburg, VA

Pricing Updated: 07/29/2025

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$1,538$79975

Cheapest Available Petersburg Apartments for Rent

 

The cheapest available apartment rental in Petersburg, VA is a 1 Bed unit found at Cavalier Apartments II priced from $683. Union Flats in the Petersburg Chesterfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $730. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$683
Union FlatsStudioStudio,1BA$730
Studio 622StudioStudio,1BA$749
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Perry Street LoftsA2A1BR,1BA$843
Burr Lofts1BD; 1BTH1BR,1BA$895
Jesse Lee Apartments2BR2BR,2BA$899
Commerce Street Townhomes2 BED 1 BATH2BR,1BA$900
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$909
Puddledock Place II1 Bed, 1 bath1BR,1BA$942

Best Value Apartments for Rent in Petersburg, VA

As of July 29, 2025 the best value apartment in the Petersburg area is the $1.27 price per square foot 1100s - Two Bedroom Model at The Cameron Lofts in the in the Old Towne Petersburg neighborhood starting from $1,495. The second greatest value Petersburg apartment is the 1BR/1.0BA Model at The Bosco starting at $999 with a $0.91 price per square foot in the Petersburg Chesterfield neighborhood. 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.
The Cameron Lofts1100s - Two Bedroom2BR,2BA$1.27
The Bosco1BR/1.0BA1BR,1BA$0.91
Cavalier Apartments II2 Beds, 2 baths2BR,2BA$1.08
Aubrey Apartments2b1b2BR,1BA$1.30
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.01
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Jesse Lee Apartments2BR2BR,2BA$1.08
Commerce Street Townhomes2 BED 1 BATH2BR,1BA$1.09
Elora Gardens at PetersburgOne Bedroom1BR,1BA$1.28
Puddledock Place II1 Bed, 1 bath1BR,1BA$1.26

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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. 

Pet Friendly Lifestyle
Petersburg, VA

Ranked #297

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Petersburg, VA

School data provided by Great Schools

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

Explore Petersburg, VA Rentals by Map

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See the most popular apartments and homes in Petersburg, VA

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Getting Around Petersburg, VA

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $942.

What is the price of a cheap apartment in Petersburg?

The cheapest apartment in Petersburg is Cavalier Apartments II which is listed at $683, while the average apartment in Petersburg costs $1,538.

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 $490 which is $1,048 cheaper than the average rent for all rentals in Petersburg.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

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The Art of the Rental Viewing: What to look for during a property tour

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

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