Low Income Apartments and Affordable Housing For Rent in Petersburg, VA

Discover affordable housing in Petersburg where there are 75+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

531 Grove Ave Unit A

531 Grove Ave Unit A, Petersburg, Virginia 23803

bed 2
payment $1495/mo.

20805 Shaker Dr

20805 Shaker Dr, Petersburg, Virginia 23803

bed 2
payment $1341/mo.

722 Mt Airy St

722 Mt Airy St, Petersburg, Virginia 23803

bed 2
payment $850/mo.

Claiborne Square

506 Halifax St, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
accessibility Accessible

Jesse Lee

401 Roberts Ave, Petersburg, Virginia 23805

switch_access_shortcut Short Wait
accessibility Accessible

Lieutenants Run

1608 Johnson Rd, Petersburg, Virginia 23805

switch_access_shortcut Short Wait
accessibility Accessible

Washington Columns

633 W Washington St, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
accessibility Accessible

Pinetree

3100 Pinetree Dr, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
accessibility Accessible

Sycamore Towers

128 S Sycamore St, Petersburg, Virginia 23803

bed Studio
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Pin Oaks Estates

37 Slagle Avenue, Petersburg, Virginia 23803

payment Subsidized

Pecan Acres Estates

433 Pecan Street, Petersburg, Virginia 23803

payment Subsidized

Bolling Park

35 W Fillmore Street, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Windy Ridge

443 Roundtop Ave, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Wythe Row Townhouses

212 E Wythe St, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
accessibility Accessible

Saint Mark Street Project

32 St Marks St, Petersburg, Virginia 23803

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Petersburg, Virginia

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Petersburg, Virginia
$29.02/hour
$17.02 (+142%) more than Virginia minimum wage and $21.77 (+300%) more than the Federal minimum wage.
Learn More About Petersburg, Virginia Affordable Housing ↓

What HUD offices serve Petersburg, Virginia?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Petersburg, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Petersburg, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Petersburg.

How many renters live in Petersburg, Virginia?

The City of Petersburg has people living in households.

There are renters living in renter households in this City. Renters make up 59.17 percent of the population living in Petersburg.

What is the rental market like in Petersburg, Virginia?

There are an estimated housing units in the Petersburg area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Petersburg, Virginia, there are 1.1 rental units.

What is the vacancy rate for rentals in Petersburg?

The rental vacancy rate in Petersburg is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Petersburg for each bedroom size?

Occupied Rental Units by Size in Petersburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
428 2,386 3,765 2,048 456
Occupied Rental Units by Size in Petersburg

A large number of apartments in Petersburg have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Petersburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,328 to $2,393. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,328
One BR $1,365
Two BR $1,532
Three BR $1,959
Four BR $2,393
2024 Fair Market Rents in Petersburg, Virginia

How many units are rented at Fair Market Rent (FMR) in Petersburg?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 298 70 percent
One BR 2,081 87 percent
Two BR 3,356 89 percent
Rental Units Below FMR in Petersburg, Virginia

How many affordable rental units are in Petersburg?

There are a variety of federal affordable housing programs serving households in Petersburg, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Petersburg, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Petersburg, Virginia

Petersburg features 960 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Petersburg, Virginia

There are 1,170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petersburg.

Housing Choice Vouchers in Petersburg, Virginia

On average, Section 8 Housing Choice vouchers pay Petersburg landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Petersburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg, Virginia for a two-bedroom apartment is between $1,379 and $1,685.

Sourced from federal housing data and AffordableHousingOnline.com research.

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