
Cheap Homes for Rent in Petersburg, VA from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Petersburg.


647 W Washington St

929 Farmer St

1516 W Clara Dr
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.

712 High St

1528 Lincoln St

126 Suffolk Ave

104 Lee Ave
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.

21512 Jackson St
Petersburg, VA Local Guide

How much does it cost to rent a home in Petersburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Petersburg 2 Bedroom Homes for Rent | $1,323 | $895 | $1,795 |
| Petersburg 3 Bedroom Homes for Rent | $1,692 | $1,295 | $2,100 |
| Petersburg 4 Bedroom Homes for Rent | $2,207 | $1,295 | $2,995 |
| Petersburg 5 Bedroom Homes for Rent | $2,239 | $1,799 | $2,500 |
Browse Top Homes for Rent in Petersburg
Explore Petersburg
Petersburg, VA Local Guide
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Cheapest Neighborhoods for Apartments in Petersburg, VA
Pricing Updated: 05/18/2026Current 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 | $1,895 | $895 | 16 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 | $805 |
Best Value Apartments for Rent in Petersburg, VA
As of May 18, 2026 the best value apartment in the Petersburg area is the $1.05 price per square foot 2X2 Model at IVY Gates in the starting from $1,435. 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 | $1.05 |
| 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 |
| Aubrey Apartments | 2b1b | 2BR,1BA | $1.30 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| 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 |
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.
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 Petersburg
What type of rentals are currently available in Petersburg?
There are currently 141 Apartments for Rent in Petersburg, VA with pricing that ranges from $690 to $2,584. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $895 to $2,995.
What is the current price range for Rental Homes in Petersburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petersburg ranges from $895 to $2,995 with an average monthly rent of $1,754.
How much are larger Three and Four Bedroom Rentals in Petersburg?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Petersburg range from $1,222 to $2,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $2,000.
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.