Find Homes & Apartments for Rent in Petersburg, VA

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What to Know About

Life in Petersburg & Beyond

Petersburg shares many of the great qualities that make Virginia a desirable place to live.

Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.

Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.

With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.

Rental Market Trends

Petersburg, VA

As of April 2025, Petersburg's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Petersburg's average rent is 38.0% ($700) lower than the Virginia average of $1,841 and 36.2% ($647) lower than the U.S. average of $1,788.

Average Rent
$1,141
Monthly ChangeMonth Over Month Change
Decreased0.3% ($3)
Yearly ChangeYear Over Year Change
Increased0.4% ($5)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,099 Decreased0.2% ($2) Decreased0.4% ($4)
2 Beds $1,236 Decreased3.4% ($44) Decreased3.6% ($46)
3 Beds $1,490 Decreased0.8% ($12) Decreased0.9% ($14)
Nearby Cities Average Rent Avg. Rent vs. PetersburgAverage Rent vs. Petersburg Avg. Days on MarketAverage Days on Market
Colonial Heights $1,277 Increased11.9% ($136) 34 days
Chester $2,041 Increased78.9% ($900) 31 days
Hopewell $1,075 Decreased5.8% ($66) 37 days
Chesterfield $2,573 Increased125.5% ($1432) 37 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Petersburg Rental Market FAQs

Explore rental prices, market trends, and availability in Petersburg, VA.

The average rent in Petersburg, VA is $1,141 per month.
Homes in Petersburg typically rent for between $769 and $1,937 per month, with an average of $1,141 per month.
In Petersburg, the average rent for a 1-bedroom home is $1,099 per month, for a 2-bedroom home, $1,236 per month, and a 3-bedroom home is $1,490 per month.
The average rent in Petersburg is 36.2% ($647) lower than the national average of $1,788 per month.
The average rent in Petersburg has decreased by 0.3% ($3) in the last month and increased by 0.4% ($5) over the past year.
The rental market in Petersburg, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Petersburg, VA, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 70 rental properties available in Petersburg, VA.
Based on the current averages, a household would need an annual income of $49,440 to comfortably afford a 2-bedroom home in Petersburg.
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