Cheap Apartments for Rent in Petersburg, NE from $500 (20 Rentals)

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

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.

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.

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Leisure Apartments
1 to 2 Bedroom Apartments

Leisure Apartments

825 E 6th StWayne, NE 68787
  • Utilities Included

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Petersburg, NE Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, NE is a 1 Bed unit found at Saracen Courts priced from $690. Prospect Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saracen CourtsUnit 4041BR,1BA$690
Prospect Ridge ApartmentsStudioStudio,1BA$725
150 Poppe DrStudioStudio,1BA$725
Old WalnutStudioStudio,1BA$745
Erin Apartments2 Beds, 1 bath2BR,1BA$750

Best Value Apartments for Rent in Petersburg, NE and Nearby

As of June 06, 2026 the best value apartment in the Petersburg area is the $1.16 price per square foot 2 Beds, 1 bath Model at 414 W Phillip Ave in the starting from $1,450. The second greatest value Petersburg apartment is the 3 Bedroom Model at LongLeaf Apartments starting at $1,145 with a $1.04 price per square foot . 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.
414 W Phillip Ave2 Beds, 1 bath2BR,1BA$1.16
LongLeaf Apartments3 Bedroom3BR,2BA$1.04
Fairways at LincolnB2 - The Green2BR,2BA$1.33
Westbrook Estates I2 Bed 1 Bath2BR,1BA$1.15
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
The Apartment Place1BR/1BA1BR,1BA$1.07
Ridgeland Park Apartments in YorkYork2BR,1BA$1.34
PLUM VILLAUnit B2BR,1BA$1.25
Maple Apartments LLCUnit 61BR,1BA$1.36

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.

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Real 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.

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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.

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

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Frequently Asked Questions about Cheap Petersburg Apartments

What is the Cheapest Studio apartment in Petersburg?

Currently the most affordable Cheap Studio Apartment in Petersburg is at Prospect Ridge Apartments listed at $725.

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

The lowest price for a Cheap One Bedroom Petersburg Apartment is $690 at Saracen Courts.

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 $750 at Erin Apartments.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Erin Apartments and starts from $1,000.

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

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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.

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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.

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.