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Rental Market Trends in Petersburg, VA

What is the average rent in Petersburg, VA?

$1,106/month

Average Rent

669 Sq Ft

Average Apartment Size

+2.1%

Increase in the Last Year

Petersburg, VA Rental Market Overview

The average rent in Petersburg, VA is $1,106 per month. This is 33% lower than the national average rent of $1,644/month, making renting in Petersburg more affordable than most cities in the US.

  • Studio apartments in Petersburg average $964 per month.
  • One-bedroom apartments in Petersburg average $1,106 per month.
  • Two-bedroom apartments in Petersburg average $1,268 per month.
  • Three-bedroom apartments in Petersburg average $1,758 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$964/month
434 Sq Ft
One Bedroom
$1,106/month
669 Sq Ft
Two Bedroom
$1,268/month
953 Sq Ft
Three Bedroom
$1,758/month
1,311 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,285/month
775 Sq Ft
Three Bedroom
$1,704/month
1,263 Sq Ft
Four Bedroom
$2,371/month
1,846 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$941/month
527 Sq Ft
Two Bedroom
$1,180/month
675 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Petersburg, VA?

In the past year, rent has increased by 2.1%, which averages out to $24 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Petersburg, VA
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Petersburg, VA
Percentage*
Rent Range
2% Below $700/month
21% $700 - $1,000/month
71% $1,001 - $1,500/month
6% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Petersburg?

Based on current rent prices, Old Towne Petersburg is the most affordable neighborhood in Petersburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Old Towne Petersburg
$1,227/month
659 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.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Old Towne Petersburg
$1,227/month
659 Sq Ft

Which Petersburg neighborhoods have the most rentals available?

The neighborhood in Petersburg with the most apartments available is Old Towne Petersburg .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Old Towne Petersburg
$1,227/month
659 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Petersburg, VA?

Because the average rent in Petersburg is $1,106, you’ll want to make about $3,686 per month or $44,232 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.

City

Petersburg, VA

566 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Petersburg, VA

Apartment Averages

Old Towne Petersburg

Petersburg, VA

Old Towne Petersburg

Petersburg, VA

Studio
$1,002/month
$1,002/month
One Bedroom
$1,148/month
$1,148/month
Two Bedroom
$1,399/month
$1,399/month
Three Bedroom
$2,784/month
$2,784/month
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Apartment communities in Petersburg we think you'll love

Aubrey Apartments

Aubrey Apartments

1800 Boydton Plank Rd,
Petersburg, VA 23805

$1,099 - $1,425 Plus Fees

1-3 Beds | 12 Month Lease

The Bosco

The Bosco

219 E Bank St,
Petersburg, VA 23803

$1,025 - $1,200 Total Monthly Price

1 Bed

High Street Lofts

High Street Lofts

420 High St,
Petersburg, VA 23803

$989 - $2,100 Plus Fees

Studio - 3 Beds

1200 Acqua Luxury Lifestyle Apartments

1200 Acqua Luxury Lifestyle Apartments

1200 Harrison Creek Blvd,
Petersburg, VA 23803

$1,305 - $1,455 Plus Fees

1-2 Beds

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United States Virginia Petersburg Rental Trends

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 June 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.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity