Cheap Apartments for Rent in Petersburg, IN from $500 (32 Rentals)

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

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Ironton at Shoals
1 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
  • Utilities Included
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • 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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Showing Results 1-32, Page 1 of 1

Petersburg, IN Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $695. Ironton at Shoals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$700
Southern Meadows Senior Living1 Bed Apt1BR,1BA$750
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800
TERRA TRACEThe Dogwood1BR,1BA$849
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$850
The Timbers ApartmentsThe Mahogany 2 BR 1 BA2BR,1BA$912
Ashley PointeOne Bedroom Apartment1BR,1BA$953
Woodbridge PlaceThe Flowering Pink Dogwood1BR,1BA$974
Naveen Pine TownhomesPleasant 2 Bedroom Townhome2BR,1BA$975

Best Value Apartments for Rent in Petersburg, IN and Nearby

As of August 27, 2025 the best value apartment in the Petersburg area is the $1.04 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,595. The second greatest value Petersburg apartment is the 4 Bedroom Model at Westcott Apartments starting at $1,729 with a $1.27 price per square foot in the Fielding Court neighborhood. 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.
Circle Point Villas3BR Villa3BR,2BA$1.04
Westcott Apartments4 Bedroom4BR,2BA$1.27
Apartments@412BR/2.0BA2BR,2BA$1.06
Liv at Locust CreekDresden2BR,1.5BA$1.09
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
North ParkBerkshire2BR,1.5BA$1.05
Bell Pointe ApartmentsOne Bedroom1BR,1BA$1.28
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$1.18
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.08
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$1.27

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

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Getting Around Petersburg, IN

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Petersburg Apartments

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

The lowest price for a Cheap One Bedroom Petersburg Apartment is $695 at SPRING VALLEY FLATS.

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 $800 at Southern Meadows Senior Living.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Naveen Pine Townhomes and starts from $1,150.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.