
Cheap Apartments for Rent near Petersburg, WV from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Lee Street Apartments

RentFrostburg Apartments - 88 Park Lane

Canterbury Place

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Echo Mountain Apartments

Orchard Mews

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Colonnade Apartments I

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Landings at Weyers Cave

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Skyline Vista Apartments
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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Ice House North and South

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Park Apartments

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Shenandoah Commons

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Kavanaugh Apartments

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Urban Exchange

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Deer Run

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Longview Oaks Apartments

Cumberland Meadows

Braddocks Greene
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.

Magnolia Greene

Muirwood Greene

Bayberry Place

Yellowbud Place

70 N Main St

Greene Gables

Alpine Village

Tucker Manor

Bayridge Greene
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.

Hyden Greene

Randolph Village

Keyser Greene

Lana Lu Apartments- 62+

1495 Bayard Cemetery Rd

Maplewood Gardens

5958 Main St

159 Suter St

127 Chester 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.
Petersburg, WV Local Guide

How much does it cost to rent an apartment in Petersburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Petersburg Studio Apartments | $1,125 | $1,100 | $1,150 |
| Petersburg 1 Bedroom Apartments | $1,642 | $500 | $2,550 |
| Petersburg 2 Bedroom Apartments | $1,734 | $550 | $2,702 |
| Petersburg 3 Bedroom Apartments | $2,026 | $840 | $3,245 |
| Petersburg 4 Bedroom Apartments | $1,351 | $576 | $3,096 |
Browse Top Apartments in Petersburg
See all Apartments in PetersburgExplore Petersburg
Petersburg, WV Local Guide
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Cheapest Available Petersburg Apartments for Rent and Nearby
 The cheapest available apartment rental in Petersburg, WV is a 1 Bed unit found at Cumberland Meadows in the East Side neighborhood priced from $410. Brookfield Extended Stay Apartments in the Kernstown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Petersburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cumberland Meadows | 1 Bedroom/1 Bath | 1BR, 1BA | $410 |
| Brookfield Extended Stay Apartments | WEEKLY RATE - ONE BEDROOM | 1BR, 1BA | $500 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR, 1BA | $524 |
| Campus View | 4x4 | 4BR, 4BA | $679 |
| Greene Gables | 1 Bedroom | 1BR, 1BA | $712 |
| Bayridge Greene | 1x1 | 1BR, 1BA | $740 |
| Bayberry Place | 2x2 | 2BR, 2BA | $754 |
| RentFrostburg Apartments - 88 Park Lane | 2 bedroom | 2BR, 1BA | $770 |
| Yellowbud Place | 2 Bdrm | 2BR, 1BA | $775 |
| Hyden Greene | 2 Bed B | 2BR, 1BA | $791 |
Best Value Apartments for Rent in Petersburg, WV and Nearby
As of September 16, 2026 the best value apartment in the Petersburg area is the $0.50 price per square foot 4x4 Top Floor Premium Model at Campus View starting from $699. The second greatest value Petersburg apartment is the 4BD/4.5BA Renovated Model at Arcadia Harrisonburg starting at $675 with a $0.51 price per square foot. Here is today’s list of the best values for Petersburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Campus View | 4x4 Top Floor Premium | 4BR, 4BA | $0.50 |
| Arcadia Harrisonburg | 4BD/4.5BA Renovated | 4BR, 4.5BA | $0.51 |
| The Hills Southview Apartments | D1-Premium | 4BR, 4BA | $0.57 |
| The Hills Northview Apartments | D1-Premium | 4BR, 2BA | $0.55 |
| The Fox Townhomes | 26-27 Student Waitlist Availability (The Den an... | 4BR, 2BA | $0.55 |
| North 38 | 3x3 Premium | 3BR, 3BA | $0.71 |
| Yellowbud Place | 2 Bdrm | 2BR, 1.5BA | $0.81 |
| Cumberland Meadows | 2 Bedroom/1 Bath | 2BR, 1BA | $0.79 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR, 1BA | $0.75 |
| Brookfield Extended Stay Apartments | WEEKLY RATE - ONE BEDROOM | 1BR, 1BA | $0.74 |
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 ArticleNavigating 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Petersburg, WV Rentals by Map
See the most popular apartments and homes in Petersburg, WV
Frequently Asked Questions about Cheap Petersburg Apartments
How much is rent for a Cheap One Bedroom Petersburg Apartment?
The lowest price for a Cheap One Bedroom Petersburg Apartment is $410 at Cumberland Meadows.
What is the lowest price for a Cheap Two Bedroom Petersburg Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Petersburg is starting from $550 at Brookfield Extended Stay Apartments.
What is the most affordable Petersburg Three Bedroom Apartment?
The best deal on a cheap Petersburg Three Bedroom Apartment rental is at RentFrostburg Apartments - 88 Park Lane and starts from $840.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.