
Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Petersburg area of Petersburg.


Union Flats

Petersburg ArtistSpace Lofts
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.

Star Lofts

Market Street Lofts

The Bosco
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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The Lofts at Dunlop

Perry Street Lofts

Windham Hills
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.

22 Bollingbrook St
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Old Towne Petersburg, Petersburg, VA Local Guide

How much does it cost to rent an apartment in Old Towne Petersburg?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Towne Petersburg Studio Apartments | $1,011 | $760 | $2,440 |
Old Towne Petersburg 1 Bedroom Apartments | $1,240 | $885 | $1,804 |
Old Towne Petersburg 2 Bedroom Apartments | $1,381 | $900 | $2,090 |
Old Towne Petersburg 3 Bedroom Apartments | $1,414 | $1,250 | $1,626 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Old Towne Petersburg Neighborhood of Petersburg, VA.
See all Apartments in PetersburgExplore Petersburg
Old Towne Petersburg, Petersburg, VA Local Guide
- Nearby Petersburg neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Studio 622 | Studio | Studio,1BA | $759 |
Union Flats | One Bedroom One Bathroom | 1BR,1BA | $835 |
301 NORTH - Petersburg Loft Living | 600s - One Bedroom | 1BR,1BA | $895 |
Burr Lofts | 1BD; 1BTH | 1BR,1BA | $895 |
Plaza at Bank Street | 500s - One Bedroom | 1BR,1BA | $895 |
Commerce Street | 2BR | 2BR,1BA | $900 |
Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $909 |
Old Towne Flats | 500s - One Bedroom | 1BR,1BA | $925 |
The Lofts at South Street | 600s - One Bedroom | 1BR,1BA | $995 |
The Lofts at Union Pen | 600s - One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Odd Fellows Building | 1 Bed 1 Bath | 1BR,1BA | $1.15 |
Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.01 |
Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
Commerce Street | 2BR | 2BR,1BA | $1.09 |
Windham Hills | 2BR | 2BR,1BA | $1.40 |
The Cameron Lofts | 600s - One Bedroom | 1BR,1BA | $1.52 |
The Lofts at Union Pen | 600s - One Bedroom | 1BR,1BA | $1.46 |
Old Towne Flats | 500s - One Bedroom | 1BR,1BA | $1.54 |
301 NORTH - Petersburg Loft Living | 500s - One Bedroom | 1BR,1BA | $1.53 |
Union Flats | One Bedroom One Bathroom | 1BR,1BA | $1.55 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOld Towne Petersburg, Petersburg, VA
Ranked #2
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.