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 August 2025, Petersburg's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Petersburg's average rent is 37.2% ($667) lower than the Virginia average of $1,792 and 37.2% ($665) lower than the U.S. average of $1,790.

Average Rent

$1,125

Monthly ChangeMonth Over Month Change

1.2% ($13)

Yearly ChangeYear Over Year Change

1.2% ($14)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,070	0.8% ($9)	3.8% ($42)
2 Beds	$1,268	2% ($25)	1.4% ($18)
3 Beds	$1,558	3.5% ($57)	8.5% ($145)

Nearby Cities	Average Rent	Avg. Rent vs. PetersburgAverage Rent vs. Petersburg	Avg. Days on MarketAverage Days on Market
Colonial Heights	$1,316	17% ($191)	34 days
Chester	$2,111	87.6% ($986)	31 days
Hopewell	$1,106	1.7% ($19)	37 days
Chesterfield	$1,883	67.4% ($758)	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.

What is the average rent in Petersburg, VA?

The average rent in Petersburg, VA is $1,125 per month.

What is the rental price range for houses in Petersburg, VA?

Houses in Petersburg typically rent for between $749 and $2,025 per month, with an average of $1,125 per month.

What is the average rent for different bedroom sizes in Petersburg, VA?

In Petersburg, the average rent for a 1-bedroom house is $1,070 per month, for a 2-bedroom house, $1,268 per month, and a 3-bedroom house is $1,558 per month.

How do rent prices in Petersburg, VA compare with the national average?

The average rent in Petersburg is 37.2% ($665) lower than the national average of $1,790 per month.

How have rent prices in Petersburg, VA changed recently?

The average rent in Petersburg has increased by 1.2% ($13) in the last month and decreased by 1.2% ($14) over the past year.

How competitive is the rental market in Petersburg, VA?

The rental market in Petersburg, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Petersburg, VA?

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.

How many rental properties are available in Petersburg, VA?

There are currently 72 rental properties available in Petersburg, VA.

Can I afford to rent a house in Petersburg, VA?

Based on the current averages, a household would need an annual income of $50,720 to comfortably afford a 2-bedroom house in Petersburg.