Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $306 (26 Rentals)

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

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Studio 622
$834 - $1,019
Total Monthly Price

Total Monthly Price

Base Rent
$804 - $989
Required Monthly Fees
$30

Total Monthly Price
$834 - $1,019
Studio to 1 Bedroom Apartments Available Oct 8

Studio 622

622 E Wythe StPetersburg, VA 23803
Affordability
  • Verified
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Petersburg ArtistSpace Lofts
Rent Specials
$1,011 - $2,113
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$891 - $1,993
Required Monthly Fees
$120

Total Monthly Price
$1,011 - $2,113
Studio to 2 Bedroom Apartments Available Now

Petersburg ArtistSpace Lofts

120 Perry StPetersburg, VA 23803
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income
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The Bosco
Rent Specials
$1,015 - $1,249
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,249

Total Monthly Price
$1,015 - $1,249
1 Bedroom Apartments Contact Us For Availability

The Bosco

219 E Bank StPetersburg, VA 23803
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 709 High St

$1,065

Total Monthly Price

Total Monthly Price

Base Rent
$1,065

Total Monthly Price
$1,065

2 Bedroom, 1 Bath Home for Rent

Available Now

709 High St

PetersburgVA23803

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Washington Columns
Studio to 1 Bedroom Apartments

Washington Columns

633-647 W Washington StPetersburg, VA 23803
Senior Living
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Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing
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141 East
1 to 2 Bedroom Apartments

141 East

141 E Wythe StPetersburg, VA 23803
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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29 S Jefferson St
1 Bedroom Apartments

29 S Jefferson St

29 S Jefferson StPetersburg, VA 23803
property at 712 High St

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom Rentals

Available Now

712 High St

PetersburgVA23803
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High Street Lofts
Studio to 2 Bedroom Apartments

High Street Lofts

526 High StPetersburg, VA 23803
  • Utilities Included
property at 31 S Jefferson St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Oct 9

31 S Jefferson St

PetersburgVA23803
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Jabez Downtown
1 to 2 Bedroom Apartments

Jabez Downtown

15 W Old StPetersburg, VA 23803
Corporate Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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201 E Bank St
1 Bedroom Apartments

201 E Bank St

201 E Bank StPetersburg, VA 23803
property at 104 Lee Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

104 Lee Ave

Colonial HeightsVA23834

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 Butterworth Flats priced from $182. Washington Columns has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Old Towne Petersburg apartments for rent in Petersburg, VA:

Apartment ListingModel NameBed/BathPriced From
Butterworth Flats0 Bedroom 2 Bath - 71452Studio,2BA$182
Washington Columns1 Beds, 1 Baths1BR,1BA$695
The Lofts at Dunlop600s - One Bedroom1BR,1BA$995
The Lofts at Union Pen600s - One Bedroom1BR,1BA$995
The Lofts on Market Street600s - One Bedroom1BR,1BA$995
301 NORTH - Petersburg Loft Living600s - One Bedroom1BR,1BA$995
Webster Court ApartmentsTwo Bedroom Garden2BR,1BA$1,000
Windham Hills2BR2BR,1BA$1,050
30 Franklin Apartments500s - One Bedroom1BR,1BA$1,050
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1,071

Best Value Apartments for Rent in Old Towne Petersburg, VA

As of August 24, 2026 the best value apartment in the Old Towne Petersburg area is the $1.19 price per square foot 1 Bedroom Model at Petersburg ArtistSpace Lofts in the in the Petersburg neighborhood starting from $1,071. The second greatest value Old Towne Petersburg apartment is the 800s - Two Bedroom Model at The Lofts at Dunlop starting at $1,395 with a $1.56 price per square foot in the Petersburg 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.
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
The Lofts at Dunlop800s - Two Bedroom2BR,2BA$1.56
Mattox Landing ApartmentsTwo Bedroom2BR,2BA$1.64
Webster Court ApartmentsTwo Bedroom Garden2BR,1BA$1.15
Windham Hills2BR2BR,1BA$1.40
The Cameron Lofts600s - One Bedroom1BR,1BA$1.71
The Lofts on Market Street600s - One Bedroom1BR,1BA$1.49
High Street LoftsA1 - 1 x 1 - Immense (A01rt)1BR,1BA$1.79
Washington Columns1 Beds, 1 Baths1BR,1BA$1.17
The Lofts at Union Pen500s - One Bedroom1BR,1BA$1.69

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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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Old Towne Petersburg, Petersburg, VA

Ranked #1

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,071.

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 $695, while the average apartment in Old Towne Petersburg costs $1,332.

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 9 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.