Cheap Homes for Rent in the Preston Woods Neighborhood of Lake St. Louis, MO from $1,400 (8 Rentals)

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Search the lowest-cost Homes 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.

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
property at 147 Harbor View Dr

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875

Total Monthly Price
$1,875

3 Bedroom, 2 Bath Townhome for Rent

Available Now

147 Harbor View 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.

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 2 Beds unit found at Cedar Lakes Apartments priced from $1,150. O'Fallon Lakes Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,287. Here are the most affordable Preston Woods apartments for rent in Lake St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
Cedar Lakes ApartmentsC22BR,2BA$1,150
O'Fallon Lakes ApartmentsThe Bryant2BR,2BA$1,287
Prairie EncoreStudio/1BStudio,1BA$1,325

Best Value Apartments for Rent in Preston Woods, MO

As of July 15, 2026 the best value apartment in the Preston Woods area is the $1.51 price per square foot Villas - Finished Lower Level Model at Villas on The Prairie in the 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 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 Preston Woods apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas on The PrairieVillas - Finished Lower Level4BR,3.5BA$1.51
The Waterways of Lake Saint Louis HomesRental Homes4BR,2.5BA$1.66
Creekside LandingAspen II with 2nd Floor Bay3BR,3BA$1.55
The WillowsAspen3BR,3BA$1.63
O'Fallon Lakes ApartmentsThe Carlyle3BR,2BA$1.27
Montage at Hawk RidgeThe Overture2BR,2BA$2.25
Hearthstone at Autumn Hollow2B/2B - 1st Floor Lake View2BR,2BA$1.73
Cedar Lakes ApartmentsC22BR,2BA$1.22
The Waterways of Lake Saint Louis ApartmentsBrookside1BR,1BA$1.51
The Prairie Luxury ApartmentsThe Mallard 1B/1B 3rd Floor m1BR,1BA$2.01

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 Preston Woods

What type of rentals are currently available in Preston Woods?

There are currently 35 Apartments for Rent in Preston Woods, MO with pricing that ranges from $1,045 to $3,400. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Woods ranging from $1,400 to $3,400.

What is the current price range for Rental Homes in Preston Woods?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston Woods ranges from $1,400 to $3,400 with an average monthly rent of $2,243.

How much are larger Three and Four Bedroom Rentals in Preston Woods?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston Woods range from $1,660 to $2,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,570 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,605 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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.