Cheap Apartments for Rent in Petersburg, IN from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Petersburg.

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Ironton at Shoals
1 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
  • Utilities Inc.
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
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Showing Results 1-25, Page 1 of 1

Petersburg, IN Local Guide

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 ListingModel NameBed/BathPriced From
Southern MeadowsStudioStudio,1BA$625
SPRING VALLEY FLATSCastlewood 1 Bedroom1BR,1BA$695
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$700
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$799
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800

Best Value Apartments for Rent in Petersburg, IN and Nearby

As of March 18, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Apartments@413BR/2.0BA3BR,2BA$1.15
Warrick Trail ApartmentsMadison2BR,2BA$1.20
River ClubDelaware II2BR,1BA$1.24
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.01
North ParkBerkshire2BR,1.5BA$1.05
Baldwin Heights1 Bedroom1BR,1BA$1.17
Westcott Apartments1 Bedroom1BR,1BA$1.22
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.08
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95

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Location, Location, Location!

Explore Petersburg, IN Rentals by Map

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See the most popular apartments and homes in Petersburg, IN

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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.

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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.

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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.

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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.

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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.