Cheap Apartments for Rent in Petersburg, VA from $300 (77 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 - $989
Total Monthly Price

Total Monthly Price

Base Rent
$809 - $959
Required Monthly Fees
$30

Total Monthly Price
$839 - $989
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
Woodmere Apartments
$1,008 - $3,099
Total Monthly Price13 Month Lease Term

Total Monthly Price

Base Rent
$1,001 - $3,092
Required Monthly Fees
$7

Total Monthly Price
$1,008 - $3,099
1 to 2 Bedroom Apartments Available Now

Woodmere Apartments

1 Woodmere DrPetersburg, VA 23805
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Petersburg ArtistSpace Lofts
$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

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.

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
close
View Me
Old Towne Flats
Rent Specials
$1,131 - $1,351
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$979 - $1,199
Required Monthly Fees
$152

Total Monthly Price
$1,131 - $1,351
Studio to 1 Bedroom Apartments Available Now

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
Family Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Addison Crater Woods
Rent Specials
$1,137 - $1,996
Total Monthly Price

Total Monthly Price

Base Rent
$1,129 - $1,988
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Addison Crater Woods

200 Addison WayPetersburg, VA 23805
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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 2125 Dupuy Rd

$1,299

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

3 Bedroom, 1 Bath Home for Rent

Available May 15

2125 Dupuy Rd

PetersburgVA23803
close
View Me
Stainback
Studio to 2 Bedroom Apartments

Stainback

416 S West StPetersburg, VA 23803
close
View Me
Quail Oaks Apartments
2 Bedroom Apartments

Quail Oaks Apartments

2711 S Crater RdPetersburg, VA 23805
  • Utilities Included

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

close
View Me
Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing
property at 929 Farmer St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Condo for Rent

Available May 15

929 Farmer St

PetersburgVA23803
close
View Me
141 East
1 to 2 Bedroom Apartments

141 East

141 E Wythe StPetersburg, VA 23803
  • Utilities Included
close
View Me
1121 Stainback St
2 Bedroom Apartments

1121 Stainback St

1121 Stainback StPetersburg, VA 23803
close
View Me
Lofts on Market
1 to 2 Bedroom Apartments

Lofts on Market

9 S Market StPetersburg, VA 23803
close
View Me
Union Pen Lofts
1 to 2 Bedroom Apartments

Union Pen Lofts

15 N Union StPetersburg, VA 23803
close
View Me
Petersburg Lofts
1 to 2 Bedroom Apartments

Petersburg Lofts

301 N Dunlop StPetersburg, VA 23803
property at 1528 Lincoln St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available May 15

1528 Lincoln St

PetersburgVA23803

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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: 05/06/2026

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$1,697$8955

Cheapest Available Petersburg Apartments for Rent

 

The cheapest available apartment rental in Petersburg, VA is a Studio unit found at Butterworth Flats in the Petersburg Chesterfield neighborhood priced from $294. 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
Butterworth Flats0 Bedroom 0.5 Bath - 36075Studio,$294
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Union FlatsOne Bedroom One Bathroom1BR,1BA$835
Studio 622STUStudio,1BA$839
Puddledock Place1 Bed, 1 bath1BR,1BA$942
Mill Creek, Mill Pond & Park Ave ApartmentsMill Creek 1 Bed1BR,1BA$950
Commerce Street2BR2BR,1BA$950
Market St LoftsS2Studio,1BA$969
TANGLEWOOD APARTMENTS1 BEDROOM - SILVER1BR,1BA$975

Best Value Apartments for Rent in Petersburg, VA

As of May 07, 2026 the best value apartment in the Petersburg area is the $1.08 price per square foot 2X2 Model at IVY Gates in the starting from $1,485. The second greatest value Petersburg apartment is the 3 Beds, 2 baths Model at Cavalier Apartments II 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 ListingModel NameBed/BathPrice Per Sq.Ft.
IVY Gates2X22BR,2BA$1.08
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Mill Creek, Mill Pond & Park Ave ApartmentsPark Ave 2 Bed2BR,1BA$1.28
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
Liberty Pointe2 Bdrm2BR,1BA$1.23
Jesse Lee Apartments2BR2BR,2BA$1.31
Commerce Street2BR2BR,1BA$1.15
1121 Stainback St2 Beds, 1 Baths2BR,1BA$1.24
Puddledock Place1 Bed, 1 bath1BR,1BA$1.26

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

Read Article
Decorative image

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

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

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 the Cheapest Studio apartment in Petersburg?

Currently the most affordable Cheap Studio Apartment in Petersburg is at Butterworth Flats listed at $294.

How much is rent for a Cheap One Bedroom Petersburg Apartment?

The lowest price for a Cheap One Bedroom Petersburg Apartment is $731 at Cavalier Apartments II.

What is the lowest price for a Cheap Two Bedroom Petersburg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Petersburg is starting from $799 at Summit Pointe Apartments.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Liberty Pointe and starts from $1,241.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.