4

Studio Apartments for Rent in Petersburg, VA

Section Image
  • /15

    Starting at $989 Plus Fees

    • Studio - 3 Beds

    420 High St, Petersburg, VA 23803

    In the heart of Petersburg, VA, High Street Lofts is the urban dweller’s dream apartment community. Located in Petersburg's most historic residential neighborhood, our cozy two-bedroom apartments boast nearby access to dining, shopping, entertainment, nightlife, and so much more. Not to mention, head to the nearby Union Train Station to explore the bright and bustling Old Towne Petersburg

    High Street Lofts

    420 High St, Petersburg, VA 23803
  • /22

    Starting at $1,075

    Total Monthly Price

    • Studio - 3 Beds

    250-316 E Bank St, Petersburg, VA 23803

    Experience the pinnacle of upscale living at Mayton Transfer Lofts. Our apartments in the heart of Petersburg offer unparalleled sophistication, allowing you to immerse yourself in the vibrant culture of Old Towne. With top-tier amenities, resort-inspired services, and a prestigious address, you can enjoy urban conveniences while cherishing the peace you deserve. Conveniently nestled near I-95

    Mayton Transfer Lofts

    250-316 E Bank St, Petersburg, VA 23803
  • /50

    Starting at $1,011

    Total Monthly Price

    • Studio - 2 Beds

    120 Perry St, Petersburg, VA 23803

    When you come home to Petersburg ArtistSpace Lofts, you are sure to find your statement of style, comfort and convenience. Petersburg ArtistSpace Lofts is an apartment community located in the heart of Petersburg, Virginia that has been designed with unique touches to enhance your creative lifestyle. Whether you consider yourself an artist or just like to be surrounded by beauty, Petersburg

    Petersburg ArtistSpace Lofts

    120 Perry St, Petersburg, VA 23803
  • /8

    $1,300

    Total Monthly Price

    • Studio
    • 0.5 Baths
    • 454 Sq Ft
    • House for Rent

    25225 Harwell Dr, Petersburg, VA 23803

    Commercial space is now available at 25225 Harwell Drive, Unit E, in North Dinwiddie. Recently refreshed and move-in ready, this unit includes an open, versatile workspace and a private half bathroom. Improvements include fresh paint, new luxury vinyl plank flooring, ample overhead lighting, ceiling fans, a window A/C unit, and electric baseboard heat. No pets allowed in the commercial

    25225 Harwell Dr, Petersburg, VA 23803

Why Live in Petersburg

Petersburg, Virginia, located 20 miles south of Richmond, is a small city undergoing significant revitalization. With a picturesque downtown near the Appomattox River, it attracts those interested in local food, art, and community. The city has seen a boost from Gov. Glen Youngkin’s Partnership for Petersburg, which includes over 40 initiatives aimed at improving various sectors, including retail and education. The potential installation of a casino, pending a public referendum in November 2024, could further enhance tax revenue and job creation. Petersburg's housing market features a mix of historic 1850s brick rowhouses, multi-unit buildings, and fixer-uppers, with single-owner properties being the majority. The city’s largest employers include Fort Gregg-Adams and Bon Secours Medical Hospital.

Petersburg offers a range of things to do, such as kayaking on Wilcox Lake at Legends Park, golfing at Dogwood Trace Golf Course, and enjoying fitness facilities at the renovated Petersburg Family YMCA. The downtown dining scene features comfort food at places like Alibi, Croaker’s Spot, and Saucy’s Sit-Down BBQ, while Trapezium Brewery and Demolition Coffee add to the local flavor. The monthly Friday for the Arts event showcases the city’s artistic side, with art walks and exhibits in Old Towne.

Transportation is facilitated by Crater Road, which connects to major commuter routes and retail areas, and the Petersburg Station bus depot, part of the downtown revitalization. The city has also focused on reducing crime, with a 20% increase in police staffing and a 33% reduction in the local crime rate from 2022 to 2023.

Frequently Asked Questions

How much does it cost to rent a home in Petersburg, VA?
The median rent for a home in Petersburg, VA is $1,525 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Petersburg, VA?
To comfortably afford the median rent in Petersburg, VA, a household needs to earn roughly $61,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,525 per month in Petersburg, VA, renters typically need to show $4,575 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Petersburg, VA?
In Petersburg, VA, the price-to-rent ratio is 14.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,525
Median Single Family Home Rent
$1,700
Median Townhouse Rent
$1,599
Median Condo Rent
$1,173
How to Rent a Home