Old Towne Petersburg

Petersburg, VA

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Old Towne Petersburg - Petersburg, VA Area Guide

A historic display of architecture that’s become a lively entertainment district

Historic Architecture Restaurants Shopping

Old Towne Petersburg displays incredible historical architecture from the 18th and 19th centuries in the heart of Petersburg. This significant locale is an inviting culinary and shopping destination, with almost all of its restaurants and shops in historic structures. There’s several locally owned restaurants that offer Italian, Greek, Latin American, Southern cuisine and more. Old Towne also boasts approximately a dozen antique shops, primarily on West Old and North Sycamore Streets, but also on North Market, Bollingbrook, and West Bank Streets.

Old Towne’s location along the Appomattox River puts residents close to waterfront dining options and walking trails. You’ll find newly renovated apartments in long-standing buildings all with a unique charm, and with U.S. Highway 301 and Interstate 95 so close, you can be in any of the surrounding communities in no time.

Rent Trends

As of May 2026, the average apartment rent in Old Towne Petersburg is $985 for a studio, $1,164 for one bedroom, $1,441 for two bedrooms, and $2,839 for three bedrooms. Apartment rent in Old Towne Petersburg has increased by 2.9% in the past year.

  • Studio

  • 494 sq ft

    Average Sq Ft

  • $985/month

    Average Rent

  • 1 BR

  • 642 sq ft

    Average Sq Ft

  • $1,164/month

    Average Rent

  • 2 BR

  • 1,031 sq ft

    Average Sq Ft

  • $1,441/month

    Average Rent

  • 3 BR

  • 1,992 sq ft

    Average Sq Ft

  • $2,839/month

    Average Rent

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

40 / 100

Daily Essentials

Supermarket Within a 5 Minute Walk

Groceries

90 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Good Café Variety Nearby

Cafes

60 / 100

Good Variety of Shops Nearby

Shopping

60 / 100

Recreation

Large Amount of Park Space Nearby

Parks

70 / 100

Fair Wellness Amenity Variety Nearby

Wellness

40 / 100

Local Vibe

Mostly Calm Atmosphere

Vibrancy

30 / 100

Few to No Nightlife Options Nearby

Nightlife

10 / 100

Extremely Noisy

Quiet Score

10 / 100

Top Apartments in Old Towne Petersburg

Houses for Rent in Old Towne Petersburg

Property Management Companies

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.