Cheap Apartments for Rent near Petersburg, TX from $353 (37 Rentals)

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

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The Que
$625 - $895

Total Monthly Price

Base Rent$625 - $895
Total Monthly Price$625 - $895
Studio to 1 Bedroom Apartments Available Now

The Que

2101 Avenue QLubbock, TX 79411
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Stratford Place
$655 - $985

Total Monthly Price

Base Rent$655 - $985
Total Monthly Price$655 - $985
Studio to 2 Bedroom Apartments Available Now

Stratford Place

4901 4th StLubbock, TX 79416
Corporate Housing
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Estrada North
1 to 3 Bedroom Apartments

Estrada North

1510 E Cornell StLubbock, TX 79403
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Mary Jane Apartments
Studio to 2 Bedroom Apartments

Mary Jane Apartments

501-509 4th StIdalou, TX 79329
  • Utilities Included
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Olympian Apartments
Studio to 2 Bedroom Apartments

Olympian Apartments

1701-1703 Peoria AveLubbock, TX 79416
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Nomad Apartments
1 to 2 Bedroom Apartments

Nomad Apartments

2101 16th StLubbock, TX 79401

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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Showing Results 1-37, Page 1 of 1

Petersburg, TX Local Guide

Cheapest Available Petersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petersburg, TX is a 1 Bed unit found at The Heritage Apartments in the North Lubbock neighborhood priced from $499. Crown Ridge Apartments in the East Lubbock neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Heritage ApartmentsOne Bedroom/One Bath1BR,1BA$499
Crown Ridge Apartments1 Bedroom1BR,1BA$525
Estrada NorthA1-40%1BR,1BA$583
The Scarlet4x4 Townhome4BR,4BA$589
Indiana VillageA11BR,1BA$625
Centre Suites I4x3.54BR,3BA$625
Stratford PlaceEfficiency - Electric IncludedStudio,1BA$655
The Jackson ApartmentsStarting at $599 — Limited Units Available! Pl...1BR,1BA$700
Inn Town Lofts1 bed 672sf1BR,1BA$716
Quaker PinesEFFICIENCY!1BR,1BA$745

Best Value Apartments for Rent in Petersburg, TX and Nearby

As of September 05, 2026 the best value apartment in the Petersburg area is the $0.49 price per square foot 3x3 Cottage Model at The Collective at Lubbock in the in the North Lubbock neighborhood starting from $735. The second greatest value Petersburg apartment is the 3 Bedroom Duplex **STAINLESS STEEL APPLIANCES**... Model at Dimora Village starting at $1,325 with a $0.97 price per square foot in the Northridge 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.
The Collective at Lubbock3x3 Cottage3BR,3BA$0.49
Dimora Village3 Bedroom Duplex **STAINLESS STEEL APPLIANCES**...3BR,3BA$0.97
Raider Lofts2/22BR,2BA$1.08
Cypress GroveRedwood3BR,2BA$1.06
The Heritage ApartmentsTwo Bedroom/Two Bath2BR,2BA$0.99
EmoryB2BR,2BA$1.04
Elliston Commons3 Bedroom 1 Bath - 709363BR,1BA$1.09
Legacy Trails of PlainviewA1-60H1BR,1BA$1.13
Inn Town Lofts1 bed 672sf1BR,1BA$1.07
Crown Ridge Apartments1 Bedroom1BR,1BA$0.85

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

Explore Petersburg, TX Rentals by Map

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Frequently Asked Questions about Cheap Petersburg Apartments

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

The lowest price for a Cheap One Bedroom Petersburg Apartment is $499 at The Heritage 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 $675 at Crown Ridge Apartments.

What is the most affordable Petersburg Three Bedroom Apartment?

The best deal on a cheap Petersburg Three Bedroom Apartment rental is at The Scarlet and starts from $599.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.