
Cheap Homes for Rent in Petersburg, IL from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Petersburg.


417 E Cook St
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.

2080 W Washington St

109 S Walnut St

300 Forrest Ave

1006 S College St

926 W Washington St

1501 S 8th St

1105 N 5th St

930 N 11th St
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.
Petersburg, IL Local Guide

How much does it cost to rent a home in Petersburg?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petersburg 2 Bedroom Homes for Rent | $1,172 | $800 | $2,000 |
Petersburg 3 Bedroom Homes for Rent | $1,603 | $1,100 | $2,700 |
Petersburg 4 Bedroom Homes for Rent | $1,650 | $1,600 | $1,700 |
Petersburg 5 Bedroom Homes for Rent | $2,103 | $1,110 | $3,500 |
Browse Top Homes for Rent in Petersburg
Explore Petersburg
Petersburg, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $462. The Hickox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $628. Here is today’s list of the most affordable Petersburg apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $462 |
The Hickox Collection | The Hickox | Studio,1BA | $628 |
Denison Place | One Bedroom | 1BR,1BA | $675 |
Best Value Apartments for Rent in Petersburg, IL and Nearby
As of July 11, 2025 the best value apartment in the Petersburg area is the $0.65 price per square foot Three Bedroom, Two Bath Model at Brainard Landings Apartments in the starting from $900. The second greatest value Petersburg apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 price per square foot . Here is today’s list of the best values for Petersburg apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Brainard Landings Apartments | Three Bedroom, Two Bath | 3BR,2BA | $0.65 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Candles | B1 | 2BR,1.5BA | $1.08 |
Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
3TEN | B1 | 2BR,1BA | $0.99 |
New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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.
Frequently Asked Questions about Petersburg
What type of rentals are currently available in Petersburg?
There are currently 38 Apartments for Rent in Petersburg, IL with pricing that ranges from $331 to $2,050. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $700 to $3,500.
What is the current price range for Rental Homes in Petersburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petersburg ranges from $700 to $3,500 with an average monthly rent of $1,385.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.