The Bosco
219 E Bank St,
Petersburg, VA 23803
1 Bed | $1,015 - $1,249
Rental Market Trends in Petersburg, VA
Updated September 2026
The average rent in Petersburg, VA is $1,103/month.
Rent in Petersburg is 34% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,103/month
Average Rent
675 Sq Ft
Average Size
+2.6%
Change / Year
372
Available Apartments
Petersburg rent varies by unit size and layout:
- Studio apartments in Petersburg average $957 per month.
- One-bedroom apartments in Petersburg average $1,103 per month.
- Two-bedroom apartments in Petersburg average $1,269 per month.
- Three-bedroom apartments in Petersburg average $1,729 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Petersburg, VA?
In the past year, rent has increased by 2.6%, which averages out to $30 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Petersburg, VA
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
23%
$700 - $1,000/month
67%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Petersburg?
Based on current rent prices, Old Towne Petersburg is the most affordable neighborhood in Petersburg.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Petersburg?
Based on current rent prices, Old Towne Petersburg is the most expensive neighborhood in Petersburg.
Neighborhood
Average Rent
Average Sq Ft
Which Petersburg neighborhoods have the most rentals available?
The neighborhood in Petersburg with the most apartments available is Old Towne Petersburg .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Petersburg, VA?
Because the average rent in Petersburg is $1,103, you’ll want to make about $3,676 per month or $44,112 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Petersburg, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Petersburg, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Petersburg Area GuideStudio
$998/month
$998/month
One Bedroom
$1,155/month
$1,155/month
Two Bedroom
$1,442/month
$1,442/month
Three Bedroom
$2,891/month
$2,891/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Petersburg?
The average rent in Petersburg is $1,103 per month, which is 33.8% lower than the national average of $1,665.
What is the average rent for a house in Petersburg?
The average rent for a house in Petersburg, VA is $1,771 per month.
What is the average rent for a condo in Petersburg?
The average rent for a condo in Petersburg, VA is $1,009 per month.
Are rents going up or down in Petersburg?
Rents in Petersburg, VA are increasing, with prices up 2.6% year-over-year and $30 more per month.
What rent range is most common in Petersburg?
In Petersburg, VA, 67% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 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.
* Percentages may not total 100 due to rounding.