Cheap Apartments for Rent in Petersburg, NY from $700 (35 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
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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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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. The Fulton 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
The FultonStudio, 1 bathStudio,1BA$1,175
Caldwell ApartmentsStudioStudio,1BA$1,290
Harbour Point GardensFloor Plan B - 1BR1BR,1BA$1,295
River LoftsOne Bedroom1BR,1BA$1,344
Flanigan Square Lofts0 bed 1 BathStudio,1BA$1,350
The Collar Factory LoftsThe Dodge1BR,1BA$1,350
Towers on Hudson1x1A1TH1BR,1BA$1,375
G Properties at Park Place, LLC1 Bed w/ Solarium1BR,1BA$1,400
The Rise Collar CityStudio CStudio,1BA$1,475

Best Value Apartments for Rent in Petersburg, NY and Nearby

As of June 22, 2026 the best value apartment in the Petersburg area is the $1.63 price per square foot Ridge A Model at The Ridge Apartments in the starting from $1,925. The second greatest value Petersburg apartment is the Niagara A Model at Water's View starting at $2,037 with a $1.75 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 Ridge ApartmentsRidge A2BR,2BA$1.63
Water's ViewNiagara A2BR,2BA$1.75
Enclave at Duncan MeadowsTwo Bedroom2BR,2BA$1.57
College Suites at City Station East2 Bedroom 2 Bath2BR,2BA$1.40
Cedar Park ApartmentsLarge 2 Bedroom2BR,1BA$1.78
Towers on Hudson1x1A1TH1BR,1BA$1.75
River LoftsOne Bedroom1BR,1BA$1.78
The Collar Factory LoftsThe Dodge1BR,1BA$1.84
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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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 The Fulton 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 $1,275 at Diamond Rock Terrace Senior 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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.