Cheap Apartments for Rent in the Cheltenham Neighborhood of St. Louis, MO from $500 (167 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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $660. 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$660
Oak Park Apartments1 Bedroom_1 Bath 1BR,1BA$705
The Fairmont & Monticello ApartmentsMonticello Studios ('03, '08)Studio,1BA$755
4349 Forest Park AveStudioStudio,1BA$780
The Era CollectiveCongress Studio 256Studio,1BA$785
Oakview Lyndover Apartments1 bedroom1BR,1BA$795
Hampden HallStudioStudio,1BA$799
Brewer's Edge ApartmentsRenovated One Bed1BR,1BA$800
Euclid+PineBasic StudioStudio,1BA$810

Best Value Apartments for Rent in Cheltenham, MO

As of November 12, 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 1F starting at $1,450 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.
4545 Oakland Ave, Unit 45454545 Oakland Ave3BR,1.5BA$1.07
4167 Botanical Ave, Unit 1F4167 Botanical Ave2BR,1BA$1.07
3818 Arsenal Street, Unit 3820a3818 Arsenal Street2BR,1BA$1.16
4987 Reber Pl, Unit Apartment4987 Reber Pl2BR,1BA$1.13
7340 Ethel Ave, Unit 1w7340 Ethel Ave1BR,1BA$1.11
West Pine Lofts2B 2B2BR,2BA$0.99
The Donatello2 Bd2BR,1BA$1.18
Westmoreland @ The Era CollecctiveWestmoreland 1 Bedroom 1 Bath1BR,1BA$1.11
4964 Fyler Ave, Unit 2 west4964 Fyler Ave1BR,1BA$1.20
Forest Park ApartmentsThe Cardinal1BR,1BA$1.20

Apartment Common Area Rules: What Renters Need to Know

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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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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 #12

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!

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 $810.

What is the price of a cheap apartment in Cheltenham?

The cheapest apartment in Cheltenham is Forest Park Apartments which is listed at $660, while the average apartment in Cheltenham costs $4,027.

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 212 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 $739 which is $3,288 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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.