Cheap Apartments for Rent in Petersburg, NY from $700 (32 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.

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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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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.

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property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180
property at 520 Church St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

520 Church St

North AdamsMA01247
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400 River St
1 Bedroom Apartments

400 River St

400 River StTroy, NY 12180
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-32, Page 1 of 1

Petersburg, NY Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, NY is a 1 Bed unit found at Diamond Rock Terrace Senior Apartments priced from $1,175. Caldwell Apartments in the Downtown Troy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,175
Caldwell ApartmentsStudioStudio,1BA$1,175
The FultonStudio, 1 bathStudio,1BA$1,175
Cedar Park Apartments1 Bedroom1BR,1BA$1,185
Towers on Hudson0x1S1THStudio,1BA$1,200
The Peabody Apartments1 Bedroom G1BR,1BA$1,225
River LoftsOne Bedroom1BR,1BA$1,344
Flanigan Square Lofts0 bed 1 BathStudio,1BA$1,350
The Overlook1 Bedroom/1 Bath Renovated1BR,1BA$1,350
Country Gardens Apartments1 Bedroom Remodel - Premium1BR,1BA$1,400

Best Value Apartments for Rent in Petersburg, NY and Nearby

As of May 08, 2026 the best value apartment in the Petersburg area is the $1.55 price per square foot Historic Apartment 102 with Den Model at The News Apartments in the in the Downtown Troy neighborhood starting from $2,590. The second greatest value Petersburg apartment is the Falmouth Model at Captain's Lookout starting at $2,250 with a $1.73 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.
The News ApartmentsHistoric Apartment 102 with Den2BR,1.5BA$1.55
Captain's LookoutFalmouth2BR,2BA$1.73
Stoneledge Terrace Apartments2BD2BA (1,210 sq ft) Hoosick 1A, 1B2BR,2BA$1.65
Enclave at Duncan MeadowsTwo Bedroom2BR,2BA$1.57
The Ridge ApartmentsRidge C2BR,2BA$1.62
College Suites at City Station East2 Bedroom 2 Bath2BR,2BA$1.40
Harbour Point GardensFloor Plan D - 1BR with Den1BR,1BA$1.73
River LoftsOne Bedroom1BR,1BA$1.78
Incite at TroyB32BR,1BA$1.84
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1.89

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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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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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 Caldwell Apartments listed at $1,175.

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

The lowest price for a Cheap One Bedroom Petersburg Apartment is $1,175 at Diamond Rock Terrace Senior Apartments.

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 $1,262 at Cedar Park Apartments.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at River Lofts and starts from $1,866.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.