Cheap Homes for Rent in Preston Woods Neighborhood of Lake St. Louis, MO from $1,400 (6 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

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 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

Best Value Apartments for Rent in Preston Woods, MO

As of May 28, 2026 the best value apartment in the Preston Woods area is the $1.63 price per square foot Aspen Model at The Willows in the in the Crimson Oaks neighborhood starting from $2,725. The second greatest value Preston Woods apartment is the C1 Model at Aventura at Hawk Ridge starting at $1,850 with a $1.46 price per square foot in the Carlton Glen Estates 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 WillowsAspen3BR,3BA$1.63
Aventura at Hawk RidgeC13BR,2BA$1.46
The Sullivan2B/2B - large 3rd Floor2BR,2BA$1.59
The Prairie Luxury ApartmentsTwo Bedroom2BR,2BA$1.60
Vinings of O'FallonThe Meritage II2BR,2BA$1.31
Aventura at WentzvilleAD2BR,1BA$1.41
Cedar Lakes ApartmentsC22BR,2BA$1.22
Westchester VillageCourtland Townhome2BR,1.5BA$1.46
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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Quick Rent Budget Calculator

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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 32 Apartments for Rent in Preston Woods, MO with pricing that ranges from $1,010 to $3,400. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Woods ranging from $1,425 to $3,325.

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 $1,425 to $3,325 with an average monthly rent of $2,170.

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 $1,425 to $2,715. Four Bedroom Single-Family rentals are also available starting from $2,650 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.