Cheap Apartments for Rent in the Petersburg Chesterfield Neighborhood of Petersburg, VA from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Petersburg Chesterfield area of Petersburg.

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.

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Petersburg ArtistSpace Lofts
Rent Specials
$1,011 - $2,118
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$891 - $1,998
Required Monthly Fees
$120

Total Monthly Price
$1,011 - $2,118
Studio to 2 Bedroom Apartments Available Now

Petersburg ArtistSpace Lofts

120 Perry StPetersburg, VA 23803
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income
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The Bosco
Rent Specials
$1,015 - $1,249
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,249

Total Monthly Price
$1,015 - $1,249
1 Bedroom Apartments Available Now

The Bosco

219 E Bank StPetersburg, VA 23803
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Old Towne Flats
$1,047 - $1,302
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,150
Required Monthly Fees
$152

Total Monthly Price
$1,047 - $1,302
Studio to 1 Bedroom Apartments Available Now

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
Family Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free

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.

property at 647 W Washington St

$595

Total Monthly Price

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

1 Bedroom, 1 Bath Condo for Rent

Available Now

647 W Washington St

PetersburgVA23803
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Washington Columns
Studio to 1 Bedroom Apartments

Washington Columns

633-647 W Washington StPetersburg, VA 23803
Senior Living
property at 712 High St

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom Rentals

Available Now

712 High St

PetersburgVA23803
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High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included

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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Long Lofts
1 Bedroom Apartments

Long Lofts

1131 Commerce StPetersburg, VA 23803
  • Utilities Included
property at 712 W Washington St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

712 W Washington St

PetersburgVA23803
property at 20503 Southlawn Ave

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

20503 Southlawn Ave, Unit APT B

20503 Southlawn Ave
South ChesterfieldVA23803

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.

Petersburg Chesterfield, Petersburg, VA Local Guide

Cheapest Available Petersburg Chesterfield Apartments for Rent

 

The cheapest available apartment rental in the Petersburg Chesterfield area of Richmond, VA is a Studio unit found at Butterworth Flats priced from $182. Washington Columns has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Petersburg Chesterfield apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Butterworth Flats0 Bedroom 2 Bath - 71452Studio,2BA$182
Washington Columns1 Beds, 1 Baths1BR,1BA$595
Union FlatsOne Bedroom One Bathroom1BR,1BA$775
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
301 NORTH - Petersburg Loft Living600s - One Bedroom1BR,1BA$895
Commerce Street2BR2BR,1BA$950
The Lofts at Dunlop600s - One Bedroom1BR,1BA$995
The Bosco1BR/1.0BA1BR,1BA$1,015
Old Towne Flats500s - One Bedroom1BR,1BA$1,047
Long LoftsThe Appomattox1BR,1BA$1,050

Best Value Apartments for Rent in Petersburg Chesterfield, VA

As of July 01, 2026 the best value apartment in the Petersburg Chesterfield area is the $1.11 price per square foot Colony Wood Townhomes Model at Colony Wood Townhomes in the in the Petersburg Chesterfield neighborhood starting from $1,495. The second greatest value Petersburg Chesterfield apartment is the 2x2 Model at Terrace View Apartments starting at $1,463 with a $1.35 price per square foot in the Petersburg Chesterfield neighborhood. Here is today’s list of the best values for Petersburg Chesterfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Colony Wood TownhomesColony Wood Townhomes2BR,1.5BA$1.11
Terrace View Apartments2x22BR,2BA$1.35
New Castle ApartmentsRD 2x1.5 Townhome2BR,1.5BA$1.42
Walnut HillB12BR,2BA$1.32
River Road Terrace Apartment Homes763-2x1-Renovated2BR,1BA$1.43
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
The Bosco1BR/1.0BA1BR,1BA$1.22
Commerce Street2BR2BR,1BA$1.15
Summit Pointe Apartments2x1-Small-Renovated2BR,1BA$1.38
Washington Columns1 Beds, 1 Baths1BR,1BA$1.00

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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Real 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.

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Pet Friendly Lifestyle
Petersburg Chesterfield, Petersburg, VA

Ranked #1

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Petersburg Chesterfield Apartments

What is the price of a cheap apartment in Petersburg Chesterfield?

The cheapest apartment in Petersburg Chesterfield is Washington Columns which is listed at $595, while the average apartment in Petersburg Chesterfield costs $1,670.

What types of apartments are the cheapest in Petersburg Chesterfield?

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 19 regular apartments in Petersburg Chesterfield 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 Chesterfield?

Cheap apartments in Petersburg Chesterfield have an average cost of $495 which is $1,175 cheaper than the average rent for all rentals in Petersburg Chesterfield.

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

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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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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.