Zumper
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Updated 2 Days Ago

Highlights

  • Spacious closets
  • Vaulted ceilings
  • Ample closet space
  • 24/7 fitness center
  • Modern apartment living
  • Premium finishes

Location

9 S Market St, Petersburg, VA 23803, USA
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Contact

Management

Petersburg Property Management, LLC

Leasing office

(804) 221-5028

Property Overview

The Lofts on Market Street earns a strong overall rating with standout marks for price, amenities, and location, suggesting solid value and everyday convenience. It also offers vaulted ceilings, ample closet space, and a 24/7 fitness center, along with 18 photos and a high value-for-money ranking that help round out its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, The Lofts on Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lofts on Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Elevator

Floor plans

600s - One Bedroom1 bed1 bath650+ sqft$995–$1,195 /mo8 units available$500 Off 2nd + 3rd Month Rent ($1000 Total) if you apply by July 31st Welcome to The Lofts at Market Street — modern apartment living designed with comfort, convenience, and style in mind. Located at 9 S Market Street in the heart of Petersburg, VA, this unique community offers thoughtfully designed apartment homes featuring premium finishes and contemporary details that stand out from other rental options in the area. Residents enjoy a variety of desirable features and amenities, including vaulted ceilings, spacious closets, ground-floor and wheelchair-accessible apartment homes, and access to a 24/7 fitness center. Every detail has been carefully selected to create a comfortable and functional living experience. Conveniently located near downtown Petersburg’s shopping, dining, and entertainment, The Lofts at Market Street places you close to everything you need while offering a welcoming place to call home. Water, sewer, and trash services are included in a convenient $99 monthly utility fee. Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee • $299 one-time non-refundable pet fee per pet (1 pet maximum) • $50 monthly pet rent per pet • $499 security deposit Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections
700s - Two Bedroom2 bed2 bath775 sqft$1,350 /mo1 unit available$500 Off 2nd + 3rd Month Rent ($1000 Total) if you apply by July 31st The Lofts on Market Street bring a bold look and green alternative energy design to historic downtown Petersburg. Geo-thermal heating and air conditioning and solar powered hot water offer today's most efficient energy technologies in a brick Italian Renaissance setting that once served as a candy factory. The living spaces at The Lofts at Market Street are thoughtfully designed with comfort and convenience in mind and are stylishly appointed with the kind of premium materials and finishes you won’t find in any other apartments for rent in Petersburg. The community is located at 9 S Market Street Petersburg, VA 23803. You'll experience a unique selection of features and amenities in this community which include but are not limited to vaulted ceilings, ground floor/wheelchair accessible apartment homes, ample closet space, and a 24/7 fitness center. Water, Sewer & Trash are $99.00 per month Additional Fees: $70.00 application fee per person over 18. $299.00 one-time non-refundable setup fee (due 48 hours after approval). $299.00 one-time non-refundable pet fee per pet, two pet max. $45.00 per month per pet. Security Deposit $499.00 and up, dependent on credit. Also due 48 hours after approval. Requirements: Applicant(s) make 3x the rent in monthly gross income. A credit score of 550+. Good landlord/tenant history. No outstanding utilities in collections.

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Amenities for The Lofts on Market Street

Apartment Amenities

TrashWater

Building

Controlled AccessElevator
Fitness CenterSewer

Services

On-Site MaintenanceOnline Services
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units23
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About The Lofts on Market Street

HomeApartments in Petersburg The Lofts on Market Street

Welcome to The Lofts at Market Street — modern apartment living designed with comfort, convenience, and style in mind. Located at 9 S Market Street in the heart of Petersburg, VA, this unique community offers thoughtfully designed apartment homes featuring premium finishes and contemporary details that stand out from other rental options in the area. Residents enjoy a variety of desirable features and amenities, including vaulted ceilings, spacious closets, ground-floor and wheelchair-accessible apartment homes, and access to a 24/7 fitness center. Every detail has been carefully selected to create a comfortable and functional living experience. Conveniently located near downtown Petersburg’s shopping, dining, and entertainment, The Lofts at Market Street places you close to everything you need while offering a welcoming place to call home. Water, sewer, and trash services are included in a convenient $99 monthly utility fee. Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee • $299 one-time non-refundable pet fee per pet (1 pet maximum) • $50 monthly pet rent per pet • $499 security deposit Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, The Lofts on Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lofts on Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated The Lofts on Market Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Lofts on Market Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Lofts on Market Street goes above and beyond to provide sought-after conveniences and desirable perks, including controlled access. Renters looking for popular or luxurious features will find them here—and for that reason, The Lofts on Market Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Lofts on Market Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Lofts on Market Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Lofts on Market Street compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address

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Rent trends in Petersburg

1-bedroom apartments here are priced 11% lower than 1-bedrooms in Petersburg.

If you decide to upgrade your space, you can expect 2-bedrooms at The Lofts on Market Street to be 8% more than the average for similarly sized apartments in Petersburg.

Median rents as of Jul 18 2026.
Petersburg
A table of studio rental data trends in Petersburg
MonthMedian Rent
August 2024$932
September 2024$996
April 2025$1,075
May 2025$1,035
June 2025$1,055
July 2025$1,003
August 2025$1,030
September 2025$1,021
October 2025$981
November 2025$947
December 2025$1,019
January 2026$889
February 2026$810
March 2026$980
April 2026$1,059
May 2026$1,081
June 2026$1,154
July 2026$1,154

Affordability calculator

Can I afford to live at 9 S Market St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.

Schools near The Lofts on Market Street

Westview Early Childhood Education Center

1100 patterson st

petersburg, VA, 23803

PKPublic

Pleasants Lane Elementary School

100 pleasants ln

petersburg, VA, 23803

K-5Public
D+

Battle Drive Child Development Center

10620 battle dr

fort lee, VA, 23801

PKPublic

Chester Early Childhood Learning Academy

155501 harrogate rd

chester, VA, 23831

PKPublic
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Internet available near The Lofts on Market Street

Getting around Petersburg near 9 S Market St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 9 S Market St, Petersburg

Groceries

8/10
Wide variety of groceries within a few minutes' walk

Shopping

6/10
Variety of shops within a short drive

Cafes

2/10
Some cafés within a short drive

Restaurants

6/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within a short drive

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