Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $600 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Towne Petersburg area of Petersburg.

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Studio 622
Rent Specials
$809 - $989
Total Monthly Price

Total Monthly Price

Base Rent
$779 - $959
Required Monthly Fees
$30

Total Monthly Price
$809 - $989
Studio to 1 Bedroom Apartments Available Now

Studio 622

622 E Wythe StPetersburg, VA 23803
Affordability
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Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing
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141 East
1 to 2 Bedroom Apartments

141 East

141 E Wythe StPetersburg, VA 23803
  • Utilities Included

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Old Towne Petersburg, Petersburg, VA Local Guide

Cheapest Available Old Towne Petersburg Apartments for Rent

 

The cheapest available apartment rental in the Old Towne Petersburg area of Petersburg, VA is a 1 Bed unit found at Union Flats priced from $795. Studio 622 has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Old Towne Petersburg apartments for rent in Petersburg, VA:

Apartment ListingModel NameBed/BathPriced From
Union FlatsOne Bedroom One Bathroom1BR,1BA$795
Studio 622STUStudio,1BA$809
Perry Street LoftsA11BR,1BA$889
Commerce Street2BR2BR,1BA$900
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$951

Best Value Apartments for Rent in Old Towne Petersburg, VA

As of February 17, 2026 the best value apartment in the Old Towne Petersburg area is the $1.23 price per square foot Furnished - Studio Model at Odd Fellows Building in the in the Petersburg Chesterfield neighborhood starting from $1,910. The second greatest value Old Towne Petersburg apartment is the 1 Bedroom Model at Petersburg ArtistSpace Lofts starting at $951 with a $1.06 price per square foot in the Petersburg Chesterfield neighborhood. Here is today’s list of the best values for Old Towne Petersburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Odd Fellows BuildingFurnished - StudioStudio ,1BA$1.23
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.06
Mattox Landing ApartmentsTwo Bedroom2BR,2BA$1.49
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Commerce Street2BR2BR,1BA$1.09
Windham Hills2BR2BR,1BA$1.40
Old Towne FlatsStudio - 740sqftStudio ,1BA$1.76
Market St LoftsA121BR,1BA$1.73
Perry Street LoftsA11BR,1BA$1.60
Union FlatsOne Bedroom One Bathroom1BR,1BA$1.48

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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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Pet Friendly Lifestyle
Old Towne Petersburg, Petersburg, VA

Ranked #2

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Old Towne Petersburg Apartments

What is a cheap apartment in Old Towne Petersburg?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Towne Petersburg is under $1,081.

What is the price of a cheap apartment in Old Towne Petersburg?

The cheapest apartment in Old Towne Petersburg is Union Flats which is listed at $795, while the average apartment in Old Towne Petersburg costs $1,626.

What types of apartments are the cheapest in Old Towne Petersburg?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Old Towne Petersburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.