Cheap Homes for Rent in Petersburg, NE from $500 (7 Rentals)

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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.

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

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 Petersburg

What type of rentals are currently available in Petersburg?

There are currently 48 Apartments for Rent in Petersburg, NE with pricing that ranges from $690 to $2,545. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petersburg ranging from $595 to $3,595.

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 $595 to $3,595 with an average monthly rent of $1,368.

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 $955 to $2,266, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,595. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,400.

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.