
Cheap Apartments for Rent in the Old Towne Petersburg Neighborhood of Petersburg, VA from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Petersburg area of Petersburg.


141 E Wythe St

Total Monthly Price
Studio 622

Commerce Street

Market St Lofts

High Street Lofts
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.

Webster Court Apartments

Total Monthly Price
Petersburg ArtistSpace Lofts

The Lofts at Dunlop

Star Lofts

Windham Hills

141 E Wythe St, Unit E
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.

The Bosco

647 W Washington St

929 Farmer St

Burr Lofts

30 Franklin Apartments

Union Pen Lofts
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Courthouse View Apartments

Lofts on Market

Petersburg Lofts

Elora Gardens at Petersburg

712 High St

High Street Lofts
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.

Jabez Downtown

406 Bradsher 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 | $984 | $690 | $1,351 |
| Old Towne Petersburg 1 Bedroom Apartments | $1,214 | $695 | $1,782 |
| Old Towne Petersburg 2 Bedroom Apartments | $1,486 | $950 | $2,312 |
| Old Towne Petersburg 3 Bedroom Apartments | $1,890 | $1,681 | $2,100 |
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 1 Bed unit found at Union Flats priced from $775. Studio 622 has the second lowest priced unit, which is a Studio apartment currently listed from $805. 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 | $775 |
| Studio 622 | STU | Studio,1BA | $805 |
| Courthouse View Apartments | 0/1 | Studio,1BA | $995 |
| The Lofts at Dunlop | 1 Bedroom 1 Bath - 52466 | 1BR,1BA | $1,029 |
| Windham Hills | 2BR | 2BR,1BA | $1,050 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1,071 |
| High Street Lofts | A2u - 1 x 1 - Flow (A02rt) | 1BR,1BA | $1,099 |
| Star Lofts | A1 | 1BR,1BA | $1,107 |
| The Cameron Lofts | 1 Bedroom 1 Bath - 44494 | 1BR,1BA | $1,130 |
| Old Towne Flats | 1 Bedroom 1 Bath - 41763 | 1BR,1BA | $1,131 |
Best Value Apartments for Rent in Old Towne Petersburg, VA
As of May 21, 2026 the best value apartment in the Old Towne Petersburg area is the $1.40 price per square foot 2 Bedroom 2 Bath - 44854 Model at The Cameron Lofts in the in the Old Towne Petersburg neighborhood starting from $1,379. The second greatest value Old Towne Petersburg apartment is the 1 Bedroom Model at Petersburg ArtistSpace Lofts starting at $1,071 with a $1.19 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. |
|---|---|---|---|
| The Cameron Lofts | 2 Bedroom 2 Bath - 44854 | 2BR,2BA | $1.40 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| Mattox Landing Apartments | Two Bedroom | 2BR,2BA | $1.56 |
| Windham Hills | 2BR | 2BR,1BA | $1.40 |
| Market St Lofts | A12 | 1BR,1BA | $1.73 |
| High Street Lofts | A2u - 1 x 1 - Flow (A02rt) | 1BR,1BA | $1.67 |
| The Lofts at Dunlop | 1 Bedroom 1 Bath - 45067 | 1BR,1BA | $1.74 |
| Mayton Transfer Lofts | Myriad | 1BR,1BA | $1.96 |
| Star Lofts | A1 | 1BR,1BA | $1.99 |
| 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 $1,131.
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 $775, while the average apartment in Old Towne Petersburg costs $1,890.
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 14 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 $781 which is $1,109 cheaper than the average rent for all rentals in Old Towne Petersburg.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.