
Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Petersburg area of Petersburg.


Total Monthly Price
Studio 622

Star Lofts

Petersburg ArtistSpace Lofts

Perry Street Lofts

Commerce Street
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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.

Market St Lofts

High Street Lofts

The Lofts at Dunlop

Webster Court Apartments

22 Bollingbrook St

30 Franklin Apartments
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Burr Lofts

Elora Gardens at Petersburg

141 East

The Lofts at South Street

The Lofts on Market Street

The Lofts at Union Pen
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

301 NORTH - Petersburg Loft Living
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 | $1,042 | $690 | $2,441 |
| Old Towne Petersburg 1 Bedroom Apartments | $1,219 | $795 | $1,695 |
| Old Towne Petersburg 2 Bedroom Apartments | $1,357 | $900 | $1,998 |
| Old Towne Petersburg 3 Bedroom Apartments | $1,626 | $1,626 | $1,626 |
Browse Apartments in this Neighborhood
There are currently 19 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Union Flats | One Bedroom One Bathroom | 1BR,1BA | $795 |
| Studio 622 | STU | Studio,1BA | $809 |
| Perry Street Lofts | A1 | 1BR,1BA | $889 |
| Commerce Street | 2BR | 2BR,1BA | $900 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Odd Fellows Building | Furnished - Studio | Studio ,1BA | $1.23 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.06 |
| Mattox Landing Apartments | Two Bedroom | 2BR,2BA | $1.49 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
| Commerce Street | 2BR | 2BR,1BA | $1.09 |
| Windham Hills | 2BR | 2BR,1BA | $1.40 |
| Old Towne Flats | Studio - 740sqft | Studio ,1BA | $1.76 |
| Market St Lofts | A12 | 1BR,1BA | $1.73 |
| Perry Street Lofts | A1 | 1BR,1BA | $1.60 |
| Union Flats | One Bedroom One Bathroom | 1BR,1BA | $1.48 |
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.
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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 $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

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.

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.

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.

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.