
Cheap Apartments for Rent in Petersburg, VA from $300 (77 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Union Flats

Cavalier Apartments II

Cavalier Senior Apartments

Summit Pointe Apartments

616 Harrison St

Total Monthly Price
Studio 622

Mayton Transfer Lofts

Aubrey Apartments

Mill Creek, Mill Pond & Park Ave Apartments
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.

Commerce Street

Market St Lofts

TANGLEWOOD APARTMENTS

Viva Colina

Webster Court Apartments

Total Monthly Price
Woodmere Apartments

Total Monthly Price
Petersburg ArtistSpace Lofts

Crater Square

Star Lofts

Windham Hills
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.

The Lofts at Dunlop

Liberty Pointe

Jesse Lee Apartments

The Bosco

838 S Jones St

The Residences at Southern Oaks

High Street Lofts

Total Monthly Price
Old Towne Flats

Total Monthly Price
Addison Crater Woods

River Road Terrace Apartment Homes
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.

Perry Street Lofts

Candy Factory

1814 East Blvd

The Nash Lofts

212 E Wythe St

2125 Dupuy Rd

Walnut Hill

Stainback

Claiborne Square Senior Apartments

Quail Oaks Apartments
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.

Burr Lofts

30 Franklin Apartments

929 Farmer St

141 East

1121 Stainback St

Lofts on Market

Union Pen Lofts

Petersburg Lofts

Elora Gardens at Petersburg

1528 Lincoln St
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

How much does it cost to rent an apartment in Petersburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Petersburg Studio Apartments | $965 | $314 | $2,090 |
| Cheap Petersburg 1 Bedroom Apartments | $1,215 | $731 | $1,782 |
| Cheap Petersburg 2 Bedroom Apartments | $1,414 | $799 | $2,212 |
| Cheap Petersburg 3 Bedroom Apartments | $1,714 | $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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Petersburg, VA
Pricing Updated: 05/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Towne Petersburg | $1,697 | $895 | 5 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Butterworth Flats | 0 Bedroom 0.5 Bath - 36075 | Studio, | $294 |
| 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 | $835 |
| Studio 622 | STU | Studio,1BA | $839 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $942 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| Commerce Street | 2BR | 2BR,1BA | $950 |
| Market St Lofts | S2 | Studio,1BA | $969 |
| TANGLEWOOD APARTMENTS | 1 BEDROOM - SILVER | 1BR,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 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 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.19 |
| Mill Creek, Mill Pond & Park Ave Apartments | Park Ave 2 Bed | 2BR,1BA | $1.28 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Jesse Lee Apartments | 2BR | 2BR,2BA | $1.31 |
| Commerce Street | 2BR | 2BR,1BA | $1.15 |
| 1121 Stainback St | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,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 Article10 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 ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleThe 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 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.
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
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 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

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

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.

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.

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.

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.