
Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Petersburg area of Petersburg.


Union Flats

Total Monthly Price
Studio 622

Market St Lofts

High Street Lofts

The Lofts at Dunlop

Webster Court Apartments

Commerce Street
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Total Monthly Price
Petersburg ArtistSpace Lofts

Total Monthly Price
The Bosco

Total Monthly Price
Old Towne Flats

Windham Hills

The Cameron Lofts

Perry Street Lofts

Star Lofts

Washington Columns
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.

Burr Lofts

301 NORTH - Petersburg Loft Living

141 East

The Lofts on Market Street

29 S Jefferson St

30 Franklin Apartments

The Lofts at Union Pen

712 High St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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High Street Lofts

Jabez Downtown

201 E Bank St

Plaza at Bank Street

Elora Gardens at Petersburg

712 W Washington St

The Lofts at South Street

Courthouse View Apartments
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27 S Jefferson St

104 Lee Ave
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 | $1,005 | $182 | $1,750 |
| Old Towne Petersburg 1 Bedroom Apartments | $1,206 | $775 | $1,782 |
| Old Towne Petersburg 2 Bedroom Apartments | $1,480 | $1,000 | $2,118 |
| Old Towne Petersburg 3 Bedroom Apartments | $1,818 | $1,550 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 34 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Butterworth Flats priced from $182. Washington Columns has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Old Towne Petersburg apartments for rent in Petersburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Butterworth Flats | 0 Bedroom 2 Bath - 71452 | Studio,2BA | $182 |
| Washington Columns | 1 Beds, 1 Baths | 1BR,1BA | $595 |
| Union Flats | One Bedroom One Bathroom | 1BR,1BA | $775 |
| Studio 622 | STU | Studio,1BA | $864 |
| 301 NORTH - Petersburg Loft Living | 600s - One Bedroom | 1BR,1BA | $895 |
| 29 S Jefferson St | 1 Beds, 1 Baths | 1BR,1BA | $995 |
| 30 Franklin Apartments | 500s - One Bedroom | 1BR,1BA | $995 |
| The Lofts at Dunlop | 600s - One Bedroom | 1BR,1BA | $995 |
| The Lofts at Union Pen | 600s - One Bedroom | 1BR,1BA | $995 |
| The Lofts on Market Street | 600s - One Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Old Towne Petersburg, VA
As of July 10, 2026 the best value apartment in the Old Towne Petersburg area is the $0.93 price per square foot 4 Beds, 1.5 Baths Model at 212-222 E Wythe St in the in the Petersburg neighborhood starting from $1,295. The second greatest value Old Towne Petersburg apartment is the B16 - 2 x 2 - Envision (B16rt) Model at High Street Lofts starting at $1,549 with a $1.25 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. |
|---|---|---|---|
| 212-222 E Wythe St | 4 Beds, 1.5 Baths | 4BR,1.5BA | $0.93 |
| High Street Lofts | B16 - 2 x 2 - Envision (B16rt) | 2BR,2BA | $1.25 |
| Mattox Landing Apartments | Three Bedroom | 3BR,2BA | $1.48 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| The Lofts at Dunlop | 800s - Two Bedroom | 2BR,2BA | $1.51 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
| The Bosco | 1BR/1.0BA | 1BR,1BA | $1.22 |
| Windham Hills | 2BR | 2BR,1BA | $1.40 |
| Washington Columns | 1 Beds, 1 Baths | 1BR,1BA | $1.00 |
| Union Flats | One Bedroom One Bathroom | 1BR,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 ArticleReal 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 ArticleQuick 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.
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
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 Washington Columns which is listed at $595, while the average apartment in Old Towne Petersburg costs $1,670.
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
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.