
Cheap Apartments for Rent in Petersburg, IN from $300 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Fielding Court

SPRING VALLEY FLATS

Southern Meadows Senior Living

Naveen Pine Townhomes
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.

River Club

North Park

Park Place Apartments - 55+ Community

TERRA TRACE

The Timbers Apartments

Sugar Mill Creek
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.

West Baden Lofts

Woodbridge Place

Pavilion Lakes Apartments

Wabash Riverfront Flats

Westcott Apartments
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.

1103 Broadway St
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.

109 S Washington St

613 E Water St

108 S Oak St
Petersburg, IN Local Guide

How much does it cost to rent an apartment in Petersburg?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petersburg Studio Apartments | $906 | $600 | $1,200 |
Petersburg 1 Bedroom Apartments | $964 | $615 | $1,631 |
Petersburg 2 Bedroom Apartments | $1,335 | $715 | $4,399 |
Petersburg 3 Bedroom Apartments | $1,654 | $1,150 | $2,401 |
Petersburg 4 Bedroom Apartments | $1,597 | $1,395 | $1,799 |
Browse Top Apartments in Petersburg
See all Apartments in PetersburgExplore Petersburg
Petersburg, IN 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, IN is a 1 Bed unit found at Fairway Plaza in the Business 41 neighborhood priced from $615. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Petersburg apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Fairway Plaza | 1 Bedroom | 1BR,1BA | $615 |
SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $695 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $700 |
North Park | Harrington | 2BR,1BA | $799 |
River Club | Columbia | 1BR,1BA | $799 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $800 |
The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $810 |
West Baden Lofts | 2 bedroom | 2BR,2BA | $899 |
Woodbridge Place | The Dogwood | 1BR,1BA | $900 |
Westcott Apartments | 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Petersburg, IN and Nearby
As of October 14, 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 Madison Model at Warrick Trail Apartments starting at $1,619 with a $1.23 price per square foot in the East Evansville neighborhood. 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. |
---|---|---|---|
Circle Point Villas | 3BR Villa | 3BR,2BA | $1.04 |
Warrick Trail Apartments | Madison | 2BR,2BA | $1.23 |
River Club | Hudson II | 2BR,2BA | $1.25 |
Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.11 |
Pavilion Lakes Apartments | The Monroe | 2BR,1.5BA | $1.15 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
North Park | Berkshire | 2BR,1.5BA | $1.12 |
West Baden Lofts | 2 bedroom | 2BR,2BA | $0.95 |
Fairway Plaza | 1 Bedroom | 1BR,1BA | $0.88 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.08 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Petersburg, IN Rentals by Map
See the most popular apartments and homes in Petersburg, IN
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 $615 at Fairway Plaza.
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 $799 at North Park.
What is the most affordable Petersburg Three Bedroom Apartment?
The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Westcott Apartments and starts from $1,499.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.