Petersburg City, VA Rental Market Trends
Last updated: April 04, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Petersburg City is $1,230, a 3.21% increase compared to the previous year, when the average rent was $1,192.
Studio Apartments at $904 offer the most budget-friendly option with 410 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 710 square feet for $1,136, balancing privacy and affordability.
Two-beedroom units at $1,243 offer 908 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,195 sq ft) for $1,543, suitable for larger households.
Average rent in Petersburg City, VA
Last updated: April 04, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,230 | 873 sq. ft. |
| Studio | $904 | 410 sq. ft. |
| 1 Bed | $1,136 | 710 sq. ft. |
| 2 Beds | $1,243 | 908 sq. ft. |
| 3 Beds | $1,543 | 1,195 sq. ft. |
Petersburg City, VA rent trends
Rental prices in Petersburg City, VA have increased by 3.21% over the past year. The average rent moved from $1,192 to $1,230.
What's the typical rent budget in Petersburg City, VA?
The largest share of rentals in Petersburg City, VA (57%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Petersburg City, VA?
9,292 or 61% of the households in Petersburg City, VA are renter-occupied while 5,846 or 39% are owner-occupied.
How Petersburg City Compares to Other Cities
| City | Average Rent |
|---|---|
| Petersburg City | $1,230 |
| Richmond | $1,600 |
| Arlington | $2,683 |
| Alexandria | $2,170 |
| Newport News | $1,424 |
| Virginia Beach | $1,770 |
| Norfolk | $1,600 |
| Henrico | $1,603 |
| Woodbridge | $2,090 |
| Charlottesville | $2,093 |
| Roanoke | $1,370 |
| Midlothian | $1,886 |
| Petersburg, VA | $1,254 |
| Glen Allen, VA | $1,872 |
| Chesterfield, VA | $1,761 |
| Chester, VA | $1,745 |
| Hopewell, VA | $1,288 |
| Mechanicsville, VA | $1,708 |
| Prince George, VA | $1,405 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Petersburg City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.