Average Rent in Petersburg Borough, AK↑ Rents rising 0.7% YoY

Petersburg Borough, AK has rental prices ranging from $976/month to $1,944/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,083/month — 23% below the national average of $1,400/month. With a median household income of $77,026/year, spending $1,083/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Petersburg Borough Compares

With an average 2-bedroom rent of $1,365/month, Petersburg Borough ranks #17 most expensive of the 34 cities tracked in Alaska — pricier than 89% of all US cities in our data.

The Petersburg Borough Rental Market

The Petersburg Borough, AK area has a population of about 3,394 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Petersburg Borough, AK have risen by $10/month (0.7%) over the past year, from $1,355 to $1,365. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Petersburg Borough, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $43,320. The local median household income of $77,026 exceeds that threshold by $33,706, making Petersburg Borough relatively accessible compared to local wages.

Economy & Jobs

Petersburg Borough, AK has an unemployment rate of 2.3%, 1.6 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Petersburg Borough, AK Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Petersburg Borough?

Break-even analysis and mortgage estimates based on local market data.

Living in Petersburg Borough

Cost of living, job market, crime rates, and moving cost estimates.