Cheap Homes for Rent in Petersburg, IN from $600 (6 Rentals)

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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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 Southern Meadows Senior Living priced from $595. Park Place Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southern Meadows Senior LivingStudioStudio,1BA$595
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800
MeadowoodOne Bedroom Reno1BR,1BA$900

Best Value Apartments for Rent in Petersburg, IN and Nearby

As of May 23, 2025 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 Delaware II Model at River Club starting at $1,249 with a $1.24 price per square foot in the Lant Manor 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 VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
River ClubDelaware II2BR,1BA$1.24
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.05
North ParkBerkshire2BR,1.5BA$1.12
Apartments@411BR/1.0BA1BR,1BA$1.27
Westcott Apartments1 Bedroom1BR,1BA$1.22
Shannon GlennMcConnell2BR,1BA$1.25
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$1.27
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Southern Meadows Senior Living1 Bed Apt1BR,1BA$1.27

Quick Rent Budget Calculator

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Frequently Asked Questions about Petersburg

What type of rentals are currently available in Petersburg?

There are currently 37 Apartments for Rent in Petersburg, IN with pricing that ranges from $531 to $4,399. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $650 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 $650 to $3,500 with an average monthly rent of $1,605.

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 $728 to $2,716, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,500.

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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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.