Apartments for Rent in Petersburg, VA

Prices and availability in Petersburg, VA were last updated on 10 Sep 2026.

The best apartments in Petersburg, VA are: The Residences at Southern Oaks, Mayton Transfer Lofts, Addison Crater Woods, 1200 Acqua Luxury Lifestyle Apartments and Dunlop Street Lofts.

The average rent in Petersburg, VA is $1,310.

The price range for a studio apartment in Petersburg, VA is between $1,247 and $2,683.

The price range for a 1-bedroom apartment in Petersburg, VA is between $895 and $2,226.

The price range for a 2-bedroom apartment in Petersburg, VA is between $940 and $2,732.

The price range for a 3-bedroom apartment in Petersburg, VA is between $999 and $2,683.

In Petersburg, 61% of the residents are renting compared to 39% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Petersburg's rentals, 59% are small-scale complexes with under 50 units, and 24% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Petersburg are about 43 years old, on average. Of these, 26% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 92% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Petersburg come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 24% of the total apartments in the city, while 2-bedroom floorplans represent around 63% of all rentals in Petersburg. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.