Cheap Homes for Rent in Petersburg, VA from $600 (26 Rentals)

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Petersburg, VA Local Guide

Cheapest Neighborhoods for Apartments in Petersburg, VA

Pricing Updated: 11/09/2025

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$2,772$9507

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. Studio 622 in the Old Towne Petersburg neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. 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
Studio 622STUStudio,1BA$775
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Union FlatsStudioStudio,1BA$825
Perry Street LoftsA11BR,1BA$880
The Lofts on Market Street600s - One Bedroom1BR,1BA$895
301 NORTH - Petersburg Loft Living600s - One Bedroom1BR,1BA$895
Burr Lofts1BD; 1BTH1BR,1BA$895
Commerce Street2BR2BR,1BA$900
Old Towne Flats500s - One Bedroom1BR,1BA$925

Best Value Apartments for Rent in Petersburg, VA

As of November 09, 2025 the best value apartment in the Petersburg area is the $1.15 price per square foot 2 Bedroom Model at Petersburg ArtistSpace Lofts in the in the Petersburg Chesterfield neighborhood starting from $1,393. 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.
Petersburg ArtistSpace Lofts2 Bedroom2BR,1.5BA$1.15
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Branders Bridge Apartments2BR1.5BA2BR,1.5BA$1.13
River Road Terrace Apartment Homes763-2x1-Upgrade2BR,1BA$1.26
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Aubrey Apartments2b1b- !!!Special $2,400 Off!!!2BR,1BA$1.30
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Jesse Lee Apartments2BR2BR,2BA$1.31
Commerce Street2BR2BR,1BA$1.09
Puddledock Place1 Bed, 1 bath1BR,1BA$1.26

Quick Rent Budget Calculator

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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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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

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Frequently Asked Questions about Petersburg

What type of rentals are currently available in Petersburg?

There are currently 138 Apartments for Rent in Petersburg, VA with pricing that ranges from $731 to $2,564. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $650 to $3,550.

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 $650 to $3,550 with an average monthly rent of $1,478.

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.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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! 

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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.