Cheap Homes for Rent in Petersburg, IN from $600 (9 Rentals)

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Petersburg, IN Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, IN is a Studio unit found at Fielding Court in the Lant Manor neighborhood priced from $600. 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 ListingModel NameBed/BathPriced From
Fielding CourtStudio (Water & Trash included)Studio,1BA$600
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$700

Best Value Apartments for Rent in Petersburg, IN and Nearby

As of October 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 2BR/2.0BA Model at Apartments@41 starting at $1,350 with a $1.11 price per square foot in the Business 41 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
Apartments@412BR/2.0BA2BR,2BA$1.11
Brooklyn PlaceWilmington3BR,2BA$1.26
Pavilion Lakes ApartmentsThe Monroe2BR,1.5BA$1.20
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
North ParkHarrington2BR,1BA$1.02
West Baden Lofts2 bedroom2BR,2BA$0.95
Fairway Plaza2 Bedroom2BR,1BA$0.79
Shannon GlennMcConnell2BR,1BA$1.25
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.08

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Frequently Asked Questions about Petersburg

What type of rentals are currently available in Petersburg?

There are currently 39 Apartments for Rent in Petersburg, IN with pricing that ranges from $600 to $4,399. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $600 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 $600 to $3,500 with an average monthly rent of $1,956.

How much are larger Three and Four Bedroom Rentals in Petersburg?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Petersburg range from $1,150 to $2,401, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,799.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.