Cheap Apartments for Rent in the Petersburg Chesterfield Neighborhood of Petersburg, VA from $700 (20 Rentals)

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

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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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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High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included
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Long Lofts
1 Bedroom Apartments

Long Lofts

1131 Commerce 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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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 2 Beds unit found at Summit Pointe Apartments priced from $799. Union Flats has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Petersburg Chesterfield apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Union FlatsStudioStudio,1BA$825
Star LoftsStudioStudio,1BA$865
Burr Lofts1BD; 1BTH1BR,1BA$895
Commerce Street2BR2BR,1BA$900

Best Value Apartments for Rent in Petersburg Chesterfield, VA

As of December 09, 2025 the best value apartment in the Petersburg Chesterfield 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 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.
Odd Fellows BuildingFurnished - StudioStudio ,1BA$1.23
Terrace View Apartments2x22BR,2BA$1.35
New Castle ApartmentsTC 3x13BR,1BA$1.45
Branders Bridge Apartments2BR1.5BA2BR,1.5BA$1.13
Walnut HillB12BR,2BA$1.37
River Road Terrace Apartment Homes763-2x12BR,1BA$1.16
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.04
634 S Sycamore StBU2BR,1BA$1.41
Commerce Street2BR2BR,1BA$1.09
Summit Pointe Apartments2x1-Small-Renovated2BR,1BA$1.38

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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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.

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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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Getting Around the Petersburg Chesterfield Neighborhood in Petersburg, VA

Walk Score®

49 / 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 Chesterfield Apartments

What is a cheap apartment in Petersburg Chesterfield?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Petersburg Chesterfield is under $1,086.

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

The cheapest apartment in Petersburg Chesterfield is Summit Pointe Apartments which is listed at $850, while the average apartment in Petersburg Chesterfield costs $1,618.

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 23 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 $440 which is $1,178 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.

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!