Cheap Homes for Rent near Lake St. Louis, MO from $1,395 (7 Rentals)

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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.

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.

Lake St. Louis, MO Local Guide

Cheapest Neighborhoods for Apartments in Lake St. Louis, MO

Pricing Updated: 08/24/2026

Current apartment rentals in the Lake St. Louis, MO area range in price from $1,010 to $3,400 with an overall median price of $1,704. Here is today’s list neighborhoods with the lowest median pricing for Lake St. Louis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Preston Woods$1,662$1,010121
Crimson Oaks$1,704$1,01070
Lake Saint Louis$1,771$1,01074

Cheapest Available Lake St. Louis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake St. Louis, MO is a 1 Bed unit found at O'Fallon Lakes Apartments in the Whispering Woods neighborhood priced from $1,082. Savannah Ridge Apartments in the Whispering Woods neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. Here is today’s list of the most affordable Lake St. Louis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
O'Fallon Lakes ApartmentsThe Adler1BR,1BA$1,082
Savannah Ridge Apartments1 Bedroom Garden1BR,1BA$1,205
Hearthstone at Autumn Hollow1B/1B - ADA 1st Floor Prairie View End Cap1BR,1BA$1,280

Best Value Apartments for Rent in Lake St. Louis, MO and Nearby

As of August 24, 2026 the best value apartment in the Lake St. Louis area is the $1.51 price per square foot The Heron 4B/3.5B with finished basement a Model at Villas on the Prairie in the in the Tysons Corner neighborhood starting from $3,000. The second greatest value Lake St. Louis apartment is the Rental Homes Model at The Waterways of Lake Saint Louis Homes starting at $3,000 with a $1.66 price per square foot in the Lake St. Louis neighborhood. Here is today’s list of the best values for Lake St. Louis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas on the PrairieThe Heron 4B/3.5B with finished basement a4BR,3.5BA$1.51
The Waterways of Lake Saint Louis HomesRental Homes4BR,2.5BA$1.66
The Waterways of Lake Saint Louis Apartments4 Bedroom Home4BR,2.5BA$1.66
The WillowsAspen3BR,3BA$1.63
The Prairie Luxury ApartmentsThe Sparrow 2B/2B 1st Floor d2BR,2BA$1.57
Aventura at WentzvilleB12BR,2BA$1.44
Citrine ApartmentsAmber2BR,2BA$1.68
The Jewel O'FallonDiamond2BR,2BA$1.61
Thornwood ApartmentsWildrose1BR,1BA$1.51
O'Fallon Lakes ApartmentsThe Adler1BR,1BA$1.35

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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lake St. Louis

What type of rentals are currently available in Lake St. Louis?

There are currently 42 Apartments for Rent in Lake St. Louis, MO with pricing that ranges from $1,010 to $3,400. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake St. Louis ranging from $1,395 to $3,548.

What is the current price range for Rental Homes in Lake St. Louis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake St. Louis ranges from $1,395 to $3,548 with an average monthly rent of $2,315.

How much are larger Three and Four Bedroom Rentals in Lake St. Louis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake St. Louis range from $1,660 to $2,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,795. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $3,000.

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

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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.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.