
Cheap Apartments for Rent in Petersburg, IN from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Petersburg.


Fielding Court

Southern Meadows

SPRING VALLEY FLATS

The Timbers Apartments

Park Place Apartments - 55+ Community

North Park

Sugar Mill Creek

Woodbridge Place

River Club

Pavilion Lakes Apartments

Naveen Pine Townhomes

Vail Estates Apartments

Westcott Apartments

1103 Broadway St

904 Parkview Dr

2805 Ashwood Ave

4152 Bell Rd

402 E Broadway St
Petersburg, IN Local Guide

How much does it cost to rent an apartment in Petersburg?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petersburg Studio Apartments | $789 | $541 | $1,200 |
Petersburg 1 Bedroom Apartments | $1,000 | $574 | $1,509 |
Petersburg 2 Bedroom Apartments | $1,326 | $697 | $4,399 |
Petersburg 3 Bedroom Apartments | $1,514 | $793 | $2,214 |
Petersburg 4 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
Browse Top Apartments in Petersburg
See all Apartments in PetersburgExplore Petersburg
Petersburg, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Petersburg Apartments for Rent and Nearby
 The cheapest available apartment rental in Petersburg, IN is a Studio unit found at Southern Meadows priced from $625. SPRING VALLEY FLATS in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Petersburg apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southern Meadows | Studio | Studio,1BA | $625 |
SPRING VALLEY FLATS | Castlewood 1 Bedroom | 1BR,1BA | $695 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $700 |
The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $799 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $800 |
Woodbridge Place | The Dogwood | 1BR,1BA | $900 |
River Club | Columbia | 1BR,1BA | $909 |
Pavilion Lakes Apartments | The Michigan | 1BR,1BA | $935 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $965 |
North Park | Harrington | 2BR,1BA | $965 |
Best Value Apartments for Rent in Petersburg, IN and Nearby
As of March 16, 2025 the best value apartment in the Petersburg area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Petersburg apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Jacobsville neighborhood. 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. |
---|---|---|---|
Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
Warrick Trail Apartments | Madison | 2BR,2BA | $1.20 |
River Club | Delaware II | 2BR,1BA | $1.24 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.01 |
North Park | Berkshire | 2BR,1.5BA | $1.05 |
Baldwin Heights | 1 Bedroom | 1BR,1BA | $1.17 |
Westcott Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.08 |
Wabash Riverfront Flats | 2 bed 1 Bath | 2BR,1BA | $0.95 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Petersburg, IN Rentals by Map
See the most popular apartments and homes in Petersburg, IN
Getting Around Petersburg, IN
Walk Score®
21 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Petersburg Apartments
What is the Cheapest Studio apartment in Petersburg?
Currently the most affordable Cheap Studio Apartment in Petersburg is at Southern Meadows listed at $625.
How much is rent for a Cheap One Bedroom Petersburg Apartment?
The lowest price for a Cheap One Bedroom Petersburg Apartment is $695 at SPRING VALLEY FLATS.
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 $800 at Southern Meadows.
What is the most affordable Petersburg Three Bedroom Apartment?
The best deal on a cheap Petersburg Three Bedroom Apartment rental is at Baldwin Heights and starts from $1,255.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.