Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $600 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 141 E Wythe St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

141 E Wythe St

PetersburgVA23803
close
View Me
Studio 622
Rent Specials
$805 - $989
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $959
Required Monthly Fees
$30

Total Monthly Price
$805 - $989
Studio to 1 Bedroom Apartments Available Now

Studio 622

622 E Wythe StPetersburg, VA 23803
Affordability
  • Verified
  • 3D Tour

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.

close
View Me
Petersburg ArtistSpace Lofts
Rent Specials
$1,011 - $2,118
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$891 - $1,998
Required Monthly Fees
$120

Total Monthly Price
$1,011 - $2,118
Studio to 2 Bedroom Apartments Available Now

Petersburg ArtistSpace Lofts

120 Perry StPetersburg, VA 23803
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income

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.

property at 647 W Washington St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available May 29

647 W Washington St

PetersburgVA23803
property at 929 Farmer St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Condo for Rent

Available Now

929 Farmer St

PetersburgVA23803
close
View Me
Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing
close
View Me
Union Pen Lofts
1 to 2 Bedroom Apartments

Union Pen Lofts

15 N Union StPetersburg, VA 23803

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.

close
View Me
Lofts on Market
1 to 2 Bedroom Apartments

Lofts on Market

9 S Market StPetersburg, VA 23803
close
View Me
Petersburg Lofts
1 to 2 Bedroom Apartments

Petersburg Lofts

301 N Dunlop StPetersburg, VA 23803
property at 712 High St

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom, 1 Bath Condo for Rent

Available Now

712 High St

PetersburgVA23803
close
View Me
High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • 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.

close
View Me
Jabez Downtown
1 to 2 Bedroom Apartments

Jabez Downtown

15 W Old StPetersburg, VA 23803
Corporate Housing
  • Utilities Included
property at 406 Bradsher Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

406 Bradsher Ave

Colonial HeightsVA23834

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 $775. Studio 622 has the second lowest priced unit, which is a Studio apartment currently listed from $805. 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$775
Studio 622STUStudio,1BA$805
Courthouse View Apartments0/1Studio,1BA$995
The Lofts at Dunlop1 Bedroom 1 Bath - 524661BR,1BA$1,029
Windham Hills2BR2BR,1BA$1,050
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1,071
High Street LoftsA2u - 1 x 1 - Flow (A02rt)1BR,1BA$1,099
Star LoftsA11BR,1BA$1,107
The Cameron Lofts1 Bedroom 1 Bath - 444941BR,1BA$1,130
Old Towne Flats1 Bedroom 1 Bath - 417631BR,1BA$1,131

Best Value Apartments for Rent in Old Towne Petersburg, VA

As of May 21, 2026 the best value apartment in the Old Towne Petersburg area is the $1.40 price per square foot 2 Bedroom 2 Bath - 44854 Model at The Cameron Lofts in the in the Old Towne Petersburg neighborhood starting from $1,379. The second greatest value Old Towne Petersburg apartment is the 1 Bedroom Model at Petersburg ArtistSpace Lofts starting at $1,071 with a $1.19 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.
The Cameron Lofts2 Bedroom 2 Bath - 448542BR,2BA$1.40
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
Mattox Landing ApartmentsTwo Bedroom2BR,2BA$1.56
Windham Hills2BR2BR,1BA$1.40
Market St LoftsA121BR,1BA$1.73
High Street LoftsA2u - 1 x 1 - Flow (A02rt)1BR,1BA$1.67
The Lofts at Dunlop1 Bedroom 1 Bath - 450671BR,1BA$1.74
Mayton Transfer LoftsMyriad1BR,1BA$1.96
Star LoftsA11BR,1BA$1.99
Union FlatsOne Bedroom One Bathroom1BR,1BA$1.44

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 $1,131.

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 $775, while the average apartment in Old Towne Petersburg costs $1,890.

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 14 regular apartments in Old Towne Petersburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Old Towne Petersburg?

Cheap apartments in Old Towne Petersburg have an average cost of $781 which is $1,109 cheaper than the average rent for all rentals in Old Towne Petersburg.

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.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.