Cheap Apartments for Rent in the Cheltenham Neighborhood of St. Louis, MO from $500 (140 Rentals)

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

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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 Studio unit found at St. Luke's Plaza Apartments priced from $569. Forest Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $635. Here are the most affordable Cheltenham apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
St. Luke's Plaza ApartmentsStudioStudio,1BA$569
Forest Park ApartmentsThe Cardinal1BR,1BA$635
Toronto Parcade ApartmentsEfficiency1BR,1BA$675
The MichelangeloStudioStudio,1BA$700
The Fairmont & Monticello ApartmentsMonticello Studios ('03, '08)Studio,1BA$755
Gallery Central West EndSmall EfficiencyStudio,1BA$770
4349 Forest Park AveStudioStudio,1BA$780
4020 Lindell Blvd.4020 Lindell Blvd. #408 - Available NowStudio,1BA$795
Oakview Lyndover Apartments1 bedroom1BR,1BA$795

Best Value Apartments for Rent in Cheltenham, MO

As of June 26, 2025 the best value apartment in the Cheltenham area is the $1.20 price per square foot The President - 2 Bedroom Model at President and Park Royal in the in the Hi-Point neighborhood starting from $1,885. The second greatest value Cheltenham apartment is the 7230 W Park Ave Model at 7230 W Park Ave, Unit 2nd floor starting at $1,500 with a $1.07 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.
President and Park RoyalThe President - 2 Bedroom2BR,1.5BA$1.20
7230 W Park Ave, Unit 2nd floor7230 W Park Ave2BR,1BA$1.07
Motorworks2BR/1.0BA2BR,1BA$1.32
The Park LuxThree Bed One and a Half Bath3BR,1.5BA$1.18
748 Walton Ave, Unit 748 Walton748 Walton Ave2BR,1BA$0.83
West Pine Lofts2B 2B2BR,2BA$1.16
5154 Waterman Blvd, Unit REAR UNIT - B5154 Waterman Blvd1BR,1BA$1.32
Forest Park ApartmentsThe Blues1BR,1BA$1.34
Toronto Parcade ApartmentsEfficiency1BR,1BA$1.35
St. Luke's Plaza ApartmentsStudioStudio ,1BA$1.26

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Pet Friendly Lifestyle
Cheltenham, St. Louis, MO

Ranked #14

Among neighborhoods in St. Louis, MO 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!

Getting Around the Cheltenham Neighborhood in St. Louis, MO

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $795.

What is the price of a cheap apartment in Cheltenham?

The cheapest apartment in Cheltenham is Forest Park Apartments which is listed at $635, while the average apartment in Cheltenham costs $6,420.

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 243 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 $840 which is $5,580 cheaper than the average rent for all rentals in Cheltenham.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.