Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Petersburg City, VA Rental Market Trends
What is the average rent in Petersburg City?
The average rent for an apartment in Petersburg City is $1,143. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Petersburg City, VA
Last updated November 2021
| Average Rent | Average Apartment Size |
|---|---|
| $1,143 | 887 sq. ft. |
What is the average apartment size in Petersburg City?
The average size for a Petersburg City, VA apartment is 887 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Petersburg City, VA Apartment Rent Ranges
Petersburg City, VA Occupied Housing Units
6,521 or 49% of the households in Petersburg City, VA are renter-occupied while 6,644 or 50% are owner-occupied.
Petersburg City, VA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Petersburg City, VA | $950 | $957 | $967 | $960 | $1,017 | $1,021 | $1,034 | $1,067 | $1,122 | $1,143 |
| National | $1,340 | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 |
How Petersburg City Compares to Other Cities
| City | Average Rent |
|---|---|
| Richmond | $1,328 |
| Arlington | $2,354 |
| Alexandria | $1,906 |
| Newport News | $1,206 |
| Virginia Beach | $1,485 |
| Petersburg City | $1,143 |
Most Popular Apartments in Petersburg City
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Petersburg City apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.