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Highlights

  • Contemporary finishes
  • Controlled building access
  • Spacious living areas
  • Newly renovated community
  • Stylish apartment homes
  • In-unit stackable washer and dryer

Location

230 N Sycamore St, Petersburg, VA 23803, USA
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Contact

Management

Petersburg Property Management, LLC

Leasing office

(804) 221-5028

Property Overview

Old Towne Flats earns a strong overall impression with an 8.4 expert rating, standout location, excellent value, and solid amenities. Its contemporary finishes, spacious living areas, controlled access, and in-unit stackable washer and dryer add appeal, while 29 photos and top-tier value metrics further support its competitive positioning.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Old Towne Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Old Towne Flats has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space
  • Images Available

Floor plans

700s - StudioStudio1 bath740 sqft$1,150 /mo1 unit availableWelcome to Old Towne Flats — apartment living in the heart of historic downtown Petersburg, VA. This newly renovated community offers stylish studio, one-bedroom, and two-bedroom apartment homes designed for those seeking an active lifestyle in a warm, modern, and creatively inspired environment. Blending historic character with contemporary finishes, Old Towne Flats showcases vintage architectural charm alongside modern conveniences. Each apartment features spacious living areas perfect for relaxing or entertaining, controlled building access, and an in-unit stackable washer and dryer for added convenience. Located in the center of downtown Petersburg, residents enjoy easy access to local dining, shopping, entertainment, and nearby businesses — all just steps from home. Our convenient Utility Bundle includes water, sewer, trash, and internet service for $149 per month. Reserve your new home at Old Towne Flats today! Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee (due within 48 hours after approval) • $299 one-time non-refundable pet fee (maximum one pet) • $50 monthly pet rent • $499 security deposit (due within 48 hours after approval) Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections
500s - One Bedroom1 bed1 bath505+ sqft$895–$1,150 /mo4 units availableWelcome to Old Towne Flats — apartment living in the heart of historic downtown Petersburg, VA. This newly renovated community offers stylish studio, one-bedroom, and two-bedroom apartment homes designed for those seeking an active lifestyle in a warm, modern, and creatively inspired environment. Blending historic character with contemporary finishes, Old Towne Flats showcases vintage architectural charm alongside modern conveniences. Each apartment features spacious living areas perfect for relaxing or entertaining, controlled building access, and an in-unit stackable washer and dryer for added convenience. Located in the center of downtown Petersburg, residents enjoy easy access to local dining, shopping, entertainment, and nearby businesses — all just steps from home. Our convenient Utility Bundle includes water, sewer, trash, and internet service for $149 per month. $1.99 Monthly Technology Fee Reserve your new home at Old Towne Flats today! Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee (due within 48 hours after approval) • $299 one-time non-refundable pet fee (maximum one pet) • $50 monthly pet rent • $1.99 monthly technology fee • $499 - 1 month Rent Security Deposit (Credit Dependent) Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections
700s - One Bedroom1 bed1 bath700 sqft$1,095 /mo1 unit availableWelcome to Old Towne Flats — apartment living in the heart of historic downtown Petersburg, VA. This newly renovated community offers stylish studio, one-bedroom, and two-bedroom apartment homes designed for those seeking an active lifestyle in a warm, modern, and creatively inspired environment. Blending historic character with contemporary finishes, Old Towne Flats showcases vintage architectural charm alongside modern conveniences. Each apartment features spacious living areas perfect for relaxing or entertaining, controlled building access, and an in-unit stackable washer and dryer for added convenience. Located in the center of downtown Petersburg, residents enjoy easy access to local dining, shopping, entertainment, and nearby businesses — all just steps from home. Our convenient Utility Bundle includes water, sewer, trash, and internet service for $149 per month. $1.99 Monthly Technology Fee Reserve your new home at Old Towne Flats today! Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee (due within 48 hours after approval) • $299 one-time non-refundable pet fee (maximum one pet) • $50 monthly pet rent • $499 - 1 month Rent Security Deposit (Credit Dependent) Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections
600s - Two Bedroom2 bed1 bath694 sqft$1,150 /mo1 unit availableWelcome to Old Towne Flats — apartment living in the heart of historic downtown Petersburg, VA. This newly renovated community offers stylish studio, one-bedroom, and two-bedroom apartment homes designed for those seeking an active lifestyle in a warm, modern, and creatively inspired environment. Blending historic character with contemporary finishes, Old Towne Flats showcases vintage architectural charm alongside modern conveniences. Each apartment features spacious living areas perfect for relaxing or entertaining, controlled building access, and an in-unit stackable washer and dryer for added convenience. Located in the center of downtown Petersburg, residents enjoy easy access to local dining, shopping, entertainment, and nearby businesses — all just steps from home. Our convenient Utility Bundle includes water, sewer, trash, and internet service for $149 per month. $1.99 Monthly Technology Fee Reserve your new home at Old Towne Flats today! Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee (due within 48 hours after approval) • $299 one-time non-refundable pet fee (maximum one pet) • $50 monthly pet rent • $499 - 1 month Rent Security Deposit (Credit Dependent) Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections

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Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

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About Old Towne Flats

HomeApartments in Petersburg Old Towne Flats

Welcome to Old Towne Flats — apartment living in the heart of historic downtown Petersburg, VA. This newly renovated community offers stylish studio, one-bedroom, and two-bedroom apartment homes designed for those seeking an active lifestyle in a warm, modern, and creatively inspired environment. Blending historic character with contemporary finishes, Old Towne Flats showcases vintage architectural charm alongside modern conveniences. Each apartment features spacious living areas perfect for relaxing or entertaining, controlled building access, and an in-unit stackable washer and dryer for added convenience. Located in the center of downtown Petersburg, residents enjoy easy access to local dining, shopping, entertainment, and nearby businesses — all just steps from home. Our convenient Utility Bundle includes water, sewer, trash, and internet service for $149 per month. $1.99 Monthly Technology Fee Reserve your new home at Old Towne Flats today! Additional Fees: • $60 application fee per applicant over 18 • $299 one-time non-refundable setup fee (due within 48 hours after approval) • $299 one-time non-refundable pet fee (maximum one pet) • $50 monthly pet rent • $499 - 1 month Rent Security Deposit (Credit Dependent) Rental Requirements: • Household income must equal at least 3x the monthly rent • Minimum credit score of 600 • Positive landlord/tenant history required • No outstanding utility collections


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Old Towne Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Old Towne Flats has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Old Towne Flats
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Old Towne Flats offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Old Towne Flats is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Old Towne Flats is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Old Towne Flats does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 5 highest rated

Very clean. Safe area to be in

Damon Battle

Damon Battle

Feb 02, 2018

Beautiful apartment buildings in a great location inside of a historic building!

Corey W

Corey W

Sep 12, 2021

We’re sharing just 5 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Old Towne Flats compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
More space
Studio is 121 sqft larger than other listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Petersburg

Studio apartments at Old Towne Flats cost about 2% less than the average rent price for studios in Petersburg.

1-bedroom apartments here are priced 11% lower than 1-bedrooms in Petersburg.

If you decide to upgrade your space, you can expect 2-bedrooms at Old Towne Flats to be 10% less than the average for similarly sized apartments in Petersburg.

Median rents as of Jul 25 2026.
Petersburg
A table of studio rental data trends in Petersburg
MonthMedian Rent
August 2024$932
September 2024$996
April 2025$1,075
May 2025$1,035
June 2025$1,055
July 2025$1,003
August 2025$1,030
September 2025$1,021
October 2025$981
November 2025$947
December 2025$1,019
January 2026$889
February 2026$810
March 2026$980
April 2026$1,059
May 2026$1,081
June 2026$1,154
July 2026$1,160

Affordability calculator

Can I afford to live at 230 N Sycamore St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$46,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this studio monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.

Schools near Old Towne Flats

Westview Early Childhood Education Center

1100 patterson st

petersburg, VA, 23803

PKPublic

Pleasants Lane Elementary School

100 pleasants ln

petersburg, VA, 23803

K-5Public
D+

Battle Drive Child Development Center

10620 battle dr

fort lee, VA, 23801

PKPublic

Chester Early Childhood Learning Academy

155501 harrogate rd

chester, VA, 23831

PKPublic
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Internet available near Old Towne Flats

Getting around Petersburg near 230 N Sycamore St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 230 N Sycamore St, Petersburg

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

2/10
At least one high school within a 30-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

1/10
Few or no bars within walking distance

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