Cheap Apartments for Rent in the Preston Woods Neighborhood of Lake St. Louis, MO from $700 (34 Rentals)

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

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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property at 256 Countryshire Dr

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

3 Bedroom, 2.5 Bath Townhome for Rent

Available Jul 1

256 Countryshire Dr

Lake St. LouisMO63367

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Pin Oak Parc
3 to 4 Bedroom Apartments

Pin Oak Parc

8001 Oakhaven DrO'Fallon, MO 63368
property at 4103 Spring River Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 2 Bath Condo for Rent

Available Now

4103 Spring River Dr

O'FallonMO63368

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-34, 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 - 3rd Floor Lake View1BR,1BA$1,350
Thornwood ApartmentsWildrose1BR,1BA$1,350
The Waterways of Lake Saint Louis ApartmentsBrookside1BR,1BA$1,350
Citrine ApartmentsCanary1BR,1BA$1,353
Westchester VillageCourtland Townhome2BR,1BA$1,365
The Sullivan1B/1B - 3rd Floor1BR,1BA$1,430
Synergy at the MeadowsFlow1BR,1BA$1,772

Best Value Apartments for Rent in Preston Woods, MO

As of June 15, 2026 the best value apartment in the Preston Woods area is the $1.66 price per square foot Rental Homes Model at The Waterways of Lake Saint Louis Homes in the in the Whispering Woods neighborhood starting from $3,000. The second greatest value Preston Woods apartment is the Aspen II with 2nd Floor Bay Model at Creekside Landing starting at $2,600 with a $1.55 price per square foot in the Tysons Corner neighborhood. 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.
The Waterways of Lake Saint Louis HomesRental Homes4BR,2.5BA$1.66
Creekside LandingAspen II with 2nd Floor Bay3BR,3BA$1.55
Aventura at Hawk RidgeC13BR,2BA$1.41
Citrine ApartmentsSunrise3BR,2BA$1.80
Cedar Lakes ApartmentsC22BR,2BA$1.22
Westchester VillageCourtland Townhome2BR,1.5BA$1.46
The Waterways of Lake Saint Louis ApartmentsBrookside1BR,1BA$1.51
Thornwood ApartmentsWildrose1BR,1BA$1.51
The Sullivan1B/1B - 3rd Floor1BR,1BA$1.77
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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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

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.