Cheap Apartments for Rent in the Preston Woods Neighborhood of Lake St. Louis, MO from $593 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Preston Woods area of Lake St. Louis.

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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property at 2803 Savoy Dr
$1,750
3 Bedroom, 2.5 Bath Townhome for Rent
Available Oct 1

2803 Savoy Dr

Lake St. LouisMO63367

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.

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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.

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Gentemann Manor
2 Bedroom Apartments

Gentemann Manor

1100 Meadow Pointe DrO'Fallon, MO 63366
Senior Living
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Pin Oak Pointe
3 to 4 Bedroom Apartments

Pin Oak Pointe

8001 Oakhaven DrO'Fallon, MO 63368

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.

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Showing Results 1-28, Page 1 of 1

Preston Woods, Lake St. Louis, MO Local Guide

Cheapest Available Preston Woods Apartments for Rent

 

The cheapest available apartment rental in the Preston Woods area of Lake St. Louis, MO is a 1 Bed unit found at O'Fallon Lakes Apartments priced from $1,082. Cedar Lakes Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,155. Here are the most affordable Preston Woods apartments for rent in Lake St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
O'Fallon Lakes ApartmentsThe Adler1BR, 1BA$1,082
Cedar Lakes ApartmentsC22BR, 2BA$1,155
Prairie EncoreStudio/1BStudio, 1BA$1,325
Hearthstone at Autumn Hollow1B/1B - 1st Floor - Lake View1BR, 1BA$1,325
The Waterways of Lake Saint Louis ApartmentsBrookside1BR, 1BA$1,350
Synergy at the MeadowsTranquility1BR, 1BA$1,402
Westchester VillageCourtland Townhome2BR, 1BA$1,485
Aventura at WentzvilleA21BR, 1BA$1,585
The SolsticeTwo Bedroom2BR, 2BA$1,706
The Prairie Luxury ApartmentsThe Sparrow 2B/2B 1st Floor d2BR, 2BA$1,740

Best Value Apartments for Rent in Preston Woods, MO

As of September 22, 2026 the best value apartment in the Preston Woods 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 Tysons Corner neighborhood starting from $3,000. The second greatest value Preston Woods apartment is the Rental Homes Model at The Waterways of Lake Saint Louis Homes in the Lake St. Louis neighborhood starting at $3,000 with a $1.66 price per square foot. Here is today’s list of the best values for Preston Woods 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 WillowsVail3BR, 2.5BA$1.79
The SolsticeTwo Bedroom2BR, 2BA$1.58
Aventura at WentzvilleA21BR, 1BA$1.47
Citrine ApartmentsSunray2BR, 2BA$1.74
Cedar Lakes ApartmentsC22BR, 2BA$1.22
Westchester VillageCourtland Townhome2BR, 1.5BA$1.59
The Waterways of Lake Saint Louis ApartmentsBrookside1BR, 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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Navigating 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.

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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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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.

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Pet Friendly Lifestyle
Preston Woods, Lake St. Louis, MO

Ranked #1

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Preston Woods Apartments

What is the Cheapest Studio apartment in Preston Woods?

Currently the most affordable Cheap Studio Apartment in Preston Woods is at Prairie Encore listed at $1,325.

How much is rent for a Cheap One Bedroom Preston Woods Apartment?

The lowest price for a Cheap One Bedroom Preston Woods Apartment is $1,082 at O'Fallon Lakes Apartments.

What is the lowest price for a Cheap Two Bedroom Preston Woods Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Preston Woods is starting from $1,155 at Cedar Lakes Apartments.

What is the most affordable Preston Woods Three Bedroom Apartment?

The best deal on a cheap Preston Woods Three Bedroom Apartment rental is at O'Fallon Lakes Apartments and starts from $1,475.

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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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.

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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.

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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.