
Cheap Homes for Rent in Old Towne Petersburg Neighborhood of Petersburg, VA from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Towne Petersburg area of Petersburg.


929 Farmer St
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.

712 High St

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.
Old Towne Petersburg, Petersburg, VA Local Guide

How much does it cost to rent a home in Old Towne Petersburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Towne Petersburg 2 Bedroom Homes for Rent | $1,245 | $895 | $1,500 |
| Old Towne Petersburg 3 Bedroom Homes for Rent | $1,538 | $1,250 | $1,895 |
| Old Towne Petersburg 4 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Old Towne Petersburg Neighborhood of Petersburg, VA.
Explore Petersburg
Old Towne Petersburg, Petersburg, VA Local Guide
- Nearby Petersburg neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Old Towne Petersburg, VA
As of June 04, 2026 the best value apartment in the Old Towne Petersburg area is the $0.88 price per square foot 1231 W Washington St Model at 1231 W Washington St, Unit Apt. A (Downstairs) in the in the Petersburg Colonial Heights neighborhood starting from $1,500. The second greatest value Old Towne Petersburg apartment is the 4 Beds, 1.5 Baths Model at 212-222 E Wythe St starting at $1,295 with a $0.93 price per square foot in the Old Towne Petersburg 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. |
|---|---|---|---|
| 1231 W Washington St, Unit Apt. A (Downstairs) | 1231 W Washington St | 3BR,1BA | $0.88 |
| 212-222 E Wythe St | 4 Beds, 1.5 Baths | 4BR,1.5BA | $0.93 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| Mattox Landing Apartments | Two Bedroom | 2BR,2BA | $1.56 |
| The Bosco | 1BR/1.0BA | 1BR,1BA | $1.23 |
| Windham Hills | 2BR | 2BR,1BA | $1.40 |
| 607 W Washington St, Unit Apt. B (Upstairs) | 607 W Washington St | 1BR,1BA | $1.20 |
| The Lofts at Dunlop | 1 Bedroom 1 Bath - 41780 | 1BR,1BA | $1.67 |
| Market St Lofts | A17 | 1BR,1BA | $1.62 |
| 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 Old Towne Petersburg
What type of rentals are currently available in Old Towne Petersburg?
There are currently 76 Apartments for Rent in Old Towne Petersburg, VA with pricing that ranges from $194 to $2,312. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Towne Petersburg ranging from $595 to $1,995.
What is the current price range for Rental Homes in Old Towne Petersburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Towne Petersburg ranges from $595 to $1,995 with an average monthly rent of $1,475.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.