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Rental Market Trends in Petersburg, VA

Updated July 2026

The average rent in Petersburg, VA is $1,096/month.

Rent in Petersburg is 34% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,096/month

Average Rent

669 Sq Ft

Average Size

+2%

Change / Year

581

Available Apartments

Petersburg rent varies by unit size and layout:

  • Studio apartments in Petersburg average $953 per month.
  • One-bedroom apartments in Petersburg average $1,096 per month.
  • Two-bedroom apartments in Petersburg average $1,259 per month.
  • Three-bedroom apartments in Petersburg average $1,706 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$953/month
429 Sq Ft
One Bedroom
$1,096/month
669 Sq Ft
Two Bedroom
$1,259/month
953 Sq Ft
Three Bedroom
$1,706/month
1,311 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,474/month
775 Sq Ft
Three Bedroom
$1,712/month
1,241 Sq Ft
Four Bedroom
$2,307/month
1,925 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$999/month
515 Sq Ft
View Petersburg Apartments

How much has average rent changed in Petersburg, VA?

In the past year, rent has increased by 2%, which averages out to $22 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Petersburg, VA

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Petersburg, VA
Percentage*
Rent Range
4% Below $700/month
24% $700 - $1,000/month
67% $1,001 - $1,500/month
6% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

  • 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
$1,231/month
662 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
$1,231/month
662 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
$1,231/month
662 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 $1,096, you’ll want to make about $3,653 per month or $43,836 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

581 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.

View the Petersburg Area Guide

Apartment Averages

Old Towne Petersburg

Petersburg, VA

Old Towne Petersburg

Petersburg, VA

Studio
$989/month
$989/month
One Bedroom
$1,152/month
$1,152/month
Two Bedroom
$1,430/month
$1,430/month
Three Bedroom
$2,808/month
$2,808/month
View Rentals
View Rentals

Apartment Communities in Petersburg We Think You'll Love

Aubrey Apartments

Aubrey Apartments

1800 Boydton Plank Rd,
Petersburg, VA 23805

1-3 Beds | $1,099 - $1,425

The Bosco

The Bosco

219 E Bank St,
Petersburg, VA 23803

1 Bed | $1,015 - $1,249

High Street Lofts

High Street Lofts

420 High St,
Petersburg, VA 23803

Studio - 3 Beds | $989 - $2,100

1200 Acqua Luxury Lifestyle Apartments

1200 Acqua Luxury Lifestyle Apartments

1200 Harrison Creek Blvd,
Petersburg, VA 23803

1-2 Beds | $1,305 - $1,445

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Frequently Asked Questions

What is the average rent in Petersburg?

The average rent in Petersburg is $1,096 per month, which is 34.1% lower than the national average of $1,663.

What is the average rent for a house in Petersburg?

The average rent for a house in Petersburg, VA is $1,712 per month.

What is the average rent for a condo in Petersburg?

The average rent for a condo in Petersburg, VA is $999 per month.

Are rents going up or down in Petersburg?

Rents in Petersburg, VA are increasing, with prices up 2.0% year-over-year and $22 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.

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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity