Cheap Apartments for Rent in Petersburg, VA from $500 (18 Rentals)

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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.

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Stainback
Studio to 2 Bedroom Apartments

Stainback

416 S West StPetersburg, VA 23803

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.

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Quail Oaks Apartments
2 Bedroom Apartments

Quail Oaks Apartments

2711 S Crater RdPetersburg, VA 23805
  • Utilities Included
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1121 Stainback St
2 Bedroom Apartments

1121 Stainback St

1121 Stainback StPetersburg, VA 23803

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

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Petersburg, VA

Pricing Updated: 12/24/2025

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$1,995$8508

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 $731. Summit Pointe Apartments in the Petersburg Chesterfield neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. 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$731
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Studio 622STUStudio,1BA$809
Union FlatsStudioStudio,1BA$825
Star LoftsStudioStudio,1BA$865

Best Value Apartments for Rent in Petersburg, VA

As of December 24, 2025 the best value apartment in the Petersburg area is the $1.23 price per square foot Furnished - Studio Model at Odd Fellows Building in the in the Petersburg Chesterfield neighborhood starting from $1,910. 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.
Odd Fellows BuildingFurnished - StudioStudio ,1BA$1.23
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Branders Bridge Apartments2BR1.5BA2BR,1.5BA$1.13
PinetreeB12BR,2BA$1.19
River Road Terrace Apartment Homes763-2x12BR,1BA$1.16
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.04
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Commerce Street2BR2BR,1BA$1.09
1121 Stainback St2 Beds, 1 Baths2BR,1BA$1.12

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.

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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.

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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.

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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

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

Explore Petersburg, VA Rentals by Map

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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 $809.

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 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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!