Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $700 (32 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

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.

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Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
  • Utilities Included
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141 East
1 Bedroom Apartments

141 East

141 E Wythe StPetersburg, VA 23803
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Old Towne Flats
Studio to 1 Bedroom Apartments

Old Towne Flats

230 N Sycamore StPetersburg, VA 23803
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High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Windham Hills
2 Bedroom Apartments

Windham Hills

445 Roundtop AvePetersburg, VA 23803
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Butterworth Flats
1 Bedroom Apartments

Butterworth Flats

132 N Sycamore StPetersburg, VA 23803
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Jabez Downtown
1 Bedroom Apartments

Jabez Downtown

15 W Old StPetersburg, VA 23803
  • Utilities Included
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The Cameron Lofts
1 to 2 Bedroom Apartments

The Cameron Lofts

325 Brown StPetersburg, VA 23803

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 Union Flats priced from $730. Perry Street Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $743. Here are the most affordable Old Towne Petersburg apartments for rent in Petersburg, VA:

Apartment ListingModel NameBed/BathPriced From
Union FlatsStudioStudio,1BA$730
Perry Street LoftsA11BR,1BA$743
Studio 622StudioStudio,1BA$799
High Street LoftsStudio - DreamStudio,1BA$884
301 NORTH - Petersburg Loft Living600s - One Bedroom1BR,1BA$895
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$899
Commerce Street Townhomes2 BED 1 BATH2BR,1BA$900
Mayton Transfer LoftsMyriad1BR,1BA$952
Tanglewood ApartmentsShirley Classic1BR,1BA$975
Old Towne Flats500s - One Bedroom1BR,1BA$995

Best Value Apartments for Rent in Old Towne Petersburg, VA

As of May 31, 2025 the best value apartment in the Old Towne Petersburg area is the $1.03 price per square foot 12 W Bank St Model at 12 W Bank St, Unit 2 in the in the Petersburg Colonial Heights neighborhood starting from $1,750. The second greatest value Old Towne Petersburg apartment is the 1BR/1.0BA Model at The Bosco starting at $995 with a $0.90 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.
12 W Bank St, Unit 212 W Bank St2BR,2BA$1.03
The Bosco1BR/1.0BA1BR,1BA$0.90
Odd Fellows Building2 Bed 2 Bath2BR,2BA$1.36
Aubrey Apartments2b1b2BR,1BA$1.30
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.00
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Commerce Street Townhomes2 BED 1 BATH2BR,1BA$1.09
The Cameron Lofts700s - One Bedroom1BR,1BA$1.41
Elora Gardens at PetersburgOne Bedroom1BR,1BA$1.41
Perry Street LoftsA11BR,1BA$1.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Old Towne Petersburg, Petersburg, VA

Ranked #1

Among neighborhoods in Petersburg, VA 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 Perry Street Lofts which is listed at $743, while the average apartment in Old Towne Petersburg costs $1,455.

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 7 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 $512 which is $943 cheaper than the average rent for all rentals in Old Towne Petersburg.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.