
Cheap Homes for Rent in Petersburg, IN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Petersburg.


1520 Main St

107 S 3rd St

5054 IN-56

1409 Vine St
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.

102 N Seminary St

1044 N Eskew Rd

1103 Broadway St

1111 Stanley Ave

402 E Broadway St
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.

5278 W Center St
Petersburg, IN 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 | $1,087 | $850 | $1,425 |
| Petersburg 3 Bedroom Homes for Rent | $1,710 | $900 | $2,550 |
| Petersburg 4 Bedroom Homes for Rent | $2,449 | $1,400 | $2,800 |
| Petersburg 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Petersburg
Explore Petersburg
Petersburg, IN Local Guide
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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 $599. Southern Meadows Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Petersburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $650 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Shannon Glenn | McConnell | 2BR,1BA | $710 |
| TERRA TRACE | The Dogwood | 1BR,1BA | $749 |
Best Value Apartments for Rent in Petersburg, IN and Nearby
As of June 13, 2026 the best value apartment in the Petersburg area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Petersburg apartment is the Fairfield Model at Warrick Trail Apartments starting at $1,764 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 | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| Warrick Trail Apartments | Fairfield | 3BR,2BA | $1.23 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
| North Park | Kensington | 2BR,1.5BA | $1.00 |
| Baldwin Heights | 2 Bedroom | 2BR,1BA | $1.18 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.10 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $1.15 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.15 |
| TERRA TRACE | The Dogwood | 1BR,1BA | $1.18 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $1.19 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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
Frequently Asked Questions about Petersburg
What type of rentals are currently available in Petersburg?
There are currently 41 Apartments for Rent in Petersburg, IN with pricing that ranges from $600 to $4,449. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $650 to $3,200.
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 $650 to $3,200 with an average monthly rent of $1,713.
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 $1,315 to $4,022, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,849.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.