Cheap Apartments for Rent in the Cheltenham Neighborhood of St. Louis, MO from $500 (177 Rentals)

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

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

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property at 3329 Lawn Ave

$825 - $950

Studio Rentals

Available Now

3329 Lawn Ave

St. LouisMO63139

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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From Arch to Apartment: The St. Louis Insider's Guide to Renting Near the Area's Top Employers

The St. Louis Insider's Guide to renting near BJC, WashU, Boeing, SSM Health, and Anheuser-Busch. Find your perfect neighborhood to balance commute, lifestyle, and budget.

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property at 1615 Hampton Ave

$950 - $1,295

Studio To 1 Bedroom Rentals

Available Now

1615 Hampton Ave

St. LouisMO63139

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Cheltenham, St. Louis, MO Local Guide

Cheapest Available Cheltenham Apartments for Rent

 

The cheapest available apartment rental in the Cheltenham area of St. Louis, MO is a 1 Bed unit found at Forest Park Apartments priced from $696. The Fairmont & Monticello Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $755. Here are the most affordable Cheltenham apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
Forest Park ApartmentsThe Cardinal1BR,1BA$696
The Fairmont & Monticello ApartmentsMonticello Studios ('03, '08)Studio,1BA$755
4349 Forest Park AveStudioStudio,1BA$780
Oakview Lyndover Apartments1 bedroom1BR,1BA$795
Hampden HallStudioStudio,1BA$799
Brewer's Edge ApartmentsRenovated One Bed1BR,1BA$800
Southwood Apartments - CountyEfficiency1BR,1BA$810
Euclid+PineBasic StudioStudio,1BA$810

Best Value Apartments for Rent in Cheltenham, MO

As of December 28, 2025 the best value apartment in the Cheltenham area is the $1.07 price per square foot 4545 Oakland Ave Model at 4545 Oakland Ave, Unit 4545 in the in the Cheltenham neighborhood starting from $1,600. The second greatest value Cheltenham apartment is the 4167 Botanical Ave Model at 4167 Botanical Ave, Unit 2F starting at $1,375 with a $1.02 price per square foot in the Cheltenham neighborhood. Here is today’s list of the best values for Cheltenham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4545 Oakland Ave, Unit 45454545 Oakland Ave3BR,1.5BA$1.07
4167 Botanical Ave, Unit 2F4167 Botanical Ave2BR,1BA$1.02
4425 Enright Ave, Unit 2F4425 Enright Ave2BR,2BA$0.85
3818 Arsenal Street, Unit 3820a3818 Arsenal Street2BR,1BA$1.16
3111 Morganford Rd, Unit 1st FL3111 Morganford Rd1BR,1BA$0.87
The Park LuxPark Lux 2 BD | 1.5BA2BR,1.5BA$1.20
4457 Westminster Pl, Unit 44574457 Westminster Pl2BR,1BA$1.20
4989 Arsenal St, Unit 4989A4989 Arsenal St2BR,1BA$1.10
The Donatello2 Bd2BR,1BA$1.18
744 Walton Ave, Unit 774E744 Walton Ave1BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the St. Louis, MO metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com

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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
Cheltenham, St. Louis, MO

Ranked #19

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Cheltenham, St. Louis, MO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Missouri and customized analysis for St. Louis, Missouri. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Cheltenham Apartments

What is a cheap apartment in Cheltenham?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cheltenham is under $810.

What is the price of a cheap apartment in Cheltenham?

The cheapest apartment in Cheltenham is Forest Park Apartments which is listed at $696, while the average apartment in Cheltenham costs $3,403.

What types of apartments are the cheapest in Cheltenham?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 222 regular apartments in Cheltenham that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cheltenham?

Cheap apartments in Cheltenham have an average cost of $760 which is $2,643 cheaper than the average rent for all rentals in Cheltenham.

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 Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis article

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.