Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $700 (26 Rentals)

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

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.

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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Old Towne Flats
Studio to 2 Bedroom Apartments

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
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141 East
1 to 2 Bedroom Apartments

141 East

141 E Wythe 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.

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High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Cameron Lofts
1 to 3 Bedroom Apartments

The Cameron Lofts

325 Brown StPetersburg, VA 23803
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Jabez Downtown
1 to 2 Bedroom Apartments

Jabez Downtown

15 W Old StPetersburg, VA 23803
  • Utilities Included

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 Studio unit found at Studio 622 priced from $759. Union Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Old Towne Petersburg apartments for rent in Petersburg, VA:

Apartment ListingModel NameBed/BathPriced From
Studio 622StudioStudio,1BA$759
Union FlatsOne Bedroom One Bathroom1BR,1BA$835
301 NORTH - Petersburg Loft Living600s - One Bedroom1BR,1BA$895
Burr Lofts1BD; 1BTH1BR,1BA$895
Plaza at Bank Street500s - One Bedroom1BR,1BA$895
Commerce Street2BR2BR,1BA$900
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$909
Old Towne Flats500s - One Bedroom1BR,1BA$925
The Lofts at South Street600s - One Bedroom1BR,1BA$995
The Lofts at Union Pen600s - One Bedroom1BR,1BA$995

Best Value Apartments for Rent in Old Towne Petersburg, VA

As of September 28, 2025 the best value apartment in the Old Towne Petersburg area is the $1.15 price per square foot 1 Bed 1 Bath Model at Odd Fellows Building in the in the Petersburg Chesterfield neighborhood starting from $1,180. The second greatest value Old Towne Petersburg apartment is the 1 Bedroom Model at Petersburg ArtistSpace Lofts starting at $909 with a $1.01 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 Building1 Bed 1 Bath1BR,1BA$1.15
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.01
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Commerce Street2BR2BR,1BA$1.09
Windham Hills2BR2BR,1BA$1.40
The Cameron Lofts600s - One Bedroom1BR,1BA$1.52
The Lofts at Union Pen600s - One Bedroom1BR,1BA$1.46
Old Towne Flats500s - One Bedroom1BR,1BA$1.54
301 NORTH - Petersburg Loft Living500s - One Bedroom1BR,1BA$1.53
Union FlatsOne Bedroom One Bathroom1BR,1BA$1.55

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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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Getting Around the Old Towne Petersburg Neighborhood in Petersburg, VA

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $995.

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 $835, while the average apartment in Old Towne Petersburg costs $1,414.

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 5 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

Helpful Apartment Articles, How-To's and Tips

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.

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Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.