
Cheap Apartments for Rent in Petersburg, VA from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Cavalier Apartments II

Union Flats
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.

Petersburg ArtistSpace Lofts

Summit Pointe Apartments

616 Harrison St

709 High St

Jesse Lee Apartments
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.

Aubrey Apartments
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.
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 | $1,146 | $730 | $2,951 |
Cheap Petersburg 1 Bedroom Apartments | $1,200 | $683 | $1,677 |
Cheap Petersburg 2 Bedroom Apartments | $1,287 | $799 | $2,592 |
Cheap Petersburg 3 Bedroom Apartments | $1,434 | $1,020 | $1,812 |
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: 09/12/2025Current 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 | $1,395 | $730 | 67 |
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. Studio 622 in the Old Towne Petersburg neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Petersburg apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cavalier Apartments II | 1 Bed, 1 bath | 1BR,1BA | $683 |
Studio 622 | Studio | Studio,1BA | $749 |
Summit Pointe Apartments | 2x1-Small - 2 Bedroom 1 Bath | 2BR,1BA | $799 |
Union Flats | One Bedroom One Bathroom | 1BR,1BA | $825 |
Burr Lofts | 1BD; 1BTH | 1BR,1BA | $895 |
Best Value Apartments for Rent in Petersburg, VA
As of September 12, 2025 the best value apartment in the Petersburg area is the $1.13 price per square foot 2BR1.5BA Model at Branders Bridge Apartments in the in the Petersburg Chesterfield neighborhood starting from $1,165. The second greatest value Petersburg apartment is the 1 Bed 1 Bath Model at Odd Fellows Building starting at $1,180 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Branders Bridge Apartments | 2BR1.5BA | 2BR,1.5BA | $1.13 |
Odd Fellows Building | 1 Bed 1 Bath | 1BR,1BA | $1.15 |
Pinetree | B1 | 2BR,2BA | $1.19 |
Cavalier Apartments II | 2 Beds, 2 baths | 2BR,2BA | $1.08 |
Aubrey Apartments | 2b1b | 2BR,1BA | $1.23 |
Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.01 |
Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
Jesse Lee Apartments | 2BR | 2BR,2BA | $1.08 |
Commerce Street | 2BR | 2BR,1BA | $1.09 |
Elora Gardens at Petersburg | One Bedroom | 1BR,1BA | $1.24 |
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.
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 LifestylePetersburg, VA
Ranked #297
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 $1,395.
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 5 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 $487 which is $908 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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.