Petersburg City, VA Rental Market Trends
Highlights
The average rent for an apartment in Petersburg City is $960, a 1% increase compared to the previous year, when the average rent was $950.
Average Rent in Petersburg City, VA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $960 | 1% | 898 sq. ft. |
The average size for a Petersburg City, VA apartment is 898 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
- $501-$7005%
- $701-$1,00061%
- $1,001-$1,50030%
- $1,501-$2,0002%
- > $2,0001%
Petersburg City, VA Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
1,356 or 39% of the households in Petersburg City, VA are renter-occupied while 2,099 or 60% are owner-occupied.
Petersburg City, VA Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Petersburg City, VA | $854 | $869 | $876 | $907 | $900 | $902 | $950 | $957 | $967 | $960 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Petersburg City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,115 | 4% |
| Arlington | $2,245 | 4% |
| Newport News | $967 | 3% |
| Alexandria | $1,751 | 2% |
| Virginia Beach | $1,217 | 3% |
| Henrico | $1,129 | 3% |
| Petersburg | $960 | 1% |
| Petersburg City | $960 | 1% |
| Chester | $1,250 | 5% |
| Hopewell | $864 | 18% |
| Meadowbrook | $997 | 4% |
For more information about the Petersburg City rental trends, check out our monthly rent report
Check out Virginia Cities, Virginia Neighborhoods and Virginia Zip Codes for more details on verified listings, including the Virginia Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!