Cheap Apartments for Rent in Petersburg, IL from $300 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Petersburg.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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215 N 3rd St
1 to 2 Bedroom Apartments

215 N 3rd St

215 N 3rd StHartsburg, IL 62643

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Petersburg, IL Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $485. Whispering Pines has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$485
Whispering Pines1 Bed, 1 Bath - Essential1BR,1BA$600
Hunter Glen ApartmentsStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Safe Harbor PropertiesStudioStudio,1BA$730
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$800
106 S 4th St2 bedroom2BR,1BA$800
Lake Pointe ApartmentsOne Bedroom1BR,1BA$860

Best Value Apartments for Rent in Petersburg, IL and Nearby

As of April 11, 2026 the best value apartment in the Petersburg area is the $0.97 price per square foot Two Bedroom Model at New Eastlawn Apartments in the starting from $800. The second greatest value Petersburg apartment is the Cobblestone 2BD Model at Cobblestone Apartments starting at $850 with a $1.06 price per square foot . Here is today’s list of the best values for Petersburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
CandlesA11BR,1BA$1.26
Denison PlaceOne Bedroom1BR,1BA$0.84
Pine Ridge ApartmentsOne Bedroom1BR,1BA$1.17
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$1.32
Safe Harbor PropertiesStudioStudio ,1BA$1.08
106 S 4th St2 bedroom2BR,1BA$1.21
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.88

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Petersburg, IL Rentals by Map

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See the most popular apartments and homes in Petersburg, IL

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Petersburg, IL Apartments Map
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Frequently Asked Questions about Cheap Petersburg Apartments

What is the Cheapest Studio apartment in Petersburg?

Currently the most affordable Cheap Studio Apartment in Petersburg is at Hunter Glen Apartments listed at $675.

How much is rent for a Cheap One Bedroom Petersburg Apartment?

The lowest price for a Cheap One Bedroom Petersburg Apartment is $485 at Jacksonville Affordable Housing.

What is the lowest price for a Cheap Two Bedroom Petersburg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Petersburg is starting from $540 at Jacksonville Affordable Housing.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Candles and starts from $1,187.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.