
Cheap Apartments for Rent in Petersburg, VA from $600 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Union Flats

Cavalier Senior Apartments

Cavalier Apartments II

Summit Pointe Apartments

616 Harrison St

Total Monthly Price
Studio 622

Aubrey Apartments

Mill Creek, Mill Pond & Park Ave Apartments

Market St Lofts
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.

High Street Lofts

The Lofts at Dunlop

1150 Willcox St

Webster Court Apartments

Commerce Street

Total Monthly Price
Petersburg ArtistSpace Lofts

Crater Square

Total Monthly Price
The Bosco

Total Monthly Price
Woodmere Apartments

TANGLEWOOD APARTMENTS
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
The Residences at Southern Oaks

The Cameron Lofts

Windham Hills

Liberty Pointe

Jesse Lee Apartments

Total Monthly Price
Addison Crater Woods

Perry Street Lofts

709 High St

Total Monthly Price
Old Towne Flats

Star Lofts
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.

River Road Terrace Apartment Homes

130 Leavenworth St

1026 Stainback St

Total Monthly Price
Mayton Transfer Lofts

Total Monthly Price
28 S Chappell St, Unit #28

Candy Factory

1102 Custer St

2125 Dupuy Rd

Total Monthly Price
521 Grove Ave, Unit 521 B

Walnut Hill
Richmond’s Best Affordable Neighborhoods
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Claiborne Square Senior Apartments

Washington Columns

647 W Washington St

Quail Oaks Apartments

Viva Colina

Burr Lofts

Stainback

141 East

29 S Jefferson St

301 NORTH - Petersburg Loft Living
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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 | $1,101 | $690 | $2,090 |
| Cheap Petersburg 1 Bedroom Apartments | $1,194 | $731 | $1,599 |
| Cheap Petersburg 2 Bedroom Apartments | $1,355 | $799 | $1,850 |
| Cheap Petersburg 3 Bedroom Apartments | $1,570 | $1,222 | $2,100 |
Browse Top Apartments in Petersburg
See all Apartments in PetersburgExplore Petersburg
Petersburg, VA Local Guide

- Petersburg Neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Neighborhoods for Apartments in Petersburg, VA
Pricing Updated: 08/05/2026Current apartment rentals in the Petersburg, VA area range in price from $695 to $3,500 with an overall median price of $1,437. 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 | $1,437 | $695 | 11 |
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 $695. Cavalier Apartments II in the Petersburg neighborhood 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 |
|---|---|---|---|
| Washington Columns | 1 Beds, 1 Baths | 1BR,1BA | $695 |
| Cavalier Apartments II | 1 Bed, 1 bath | 1BR,1BA | $731 |
| Summit Pointe Apartments | 2x1-Small - 2 Bedroom 1 Bath | 2BR,1BA | $799 |
| Studio 622 | STU | Studio,1BA | $834 |
| Stainback | 2 Beds, 1 Baths | 2BR,1BA | $895 |
| 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 |
| The Lofts at Union Pen | 600s - One Bedroom | 1BR,1BA | $995 |
| The Lofts on Market Street | 600s - One Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Petersburg, VA
As of August 05, 2026 the best value apartment in the Petersburg area is the $0.88 price per square foot 1231 W Washington St Model at 1231 W Washington St, Unit Apt. A (Downstairs) in the in the Petersburg neighborhood starting from $1,500. 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 in the Petersburg neighborhood. 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. |
|---|---|---|---|
| 1231 W Washington St, Unit Apt. A (Downstairs) | 1231 W Washington St | 3BR,1BA | $0.88 |
| Cavalier Apartments II | 3 Beds, 2 baths | 3BR,2BA | $1.17 |
| Pinetree | B2 | 2BR,2BA | $1.10 |
| Jesse Lee Apartments | 3BR | 3BR,2BA | $1.19 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.19 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
| The Bosco | 1BR/1.0BA | 1BR,1BA | $1.22 |
| 1121 Stainback St | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| Washington Columns | 1 Beds, 1 Baths | 1BR,1BA | $1.17 |
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 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 ArticleReal 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 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
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 Cheapest Studio apartment in Petersburg?
Currently the most affordable Cheap Studio Apartment in Petersburg is at Studio 622 listed at $834.
How much is rent for a Cheap One Bedroom Petersburg Apartment?
The lowest price for a Cheap One Bedroom Petersburg Apartment is $695 at Washington Columns.
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 Jesse Lee Apartments and starts from $1,222.
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

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.

Explore The River City Like a Local: The Insider's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.