Cheap Apartments for Rent in the Downtown Saint Louis Neighborhood of Saint Louis, MO from $400 (266 Rentals)

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

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Downtowner Apartments
$775 - $1,292
Total Monthly Price

Total Monthly Price

Base Rent
$675 - $1,192
Required Monthly Fees
$100
Total Monthly Price
$775 - $1,292
Studio to 2 Bedroom Apartments Available Now

Downtowner Apartments

1133 Washington AveSt. Louis, MO 63101
Affordability
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Downtown Saint Louis, St. Louis, MO Local Guide

Cheapest Available Downtown Saint Louis Apartments for Rent

 

The cheapest available apartment rental in the Downtown Saint Louis area of St. Louis, MO is a 1 Bed unit found at The Railton Apartments priced from $418. Coronado Place and Towers has the second lowest priced unit, which is a 3 Beds apartment currently listed from $455. Here are the most affordable Downtown Saint Louis apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$418
Coronado Place and TowersThe Scott3BR,1BA$455
Fox Grove Management Office2x12BR,1BA$550
The Towers at Gateway CityStudioStudio,1BA$550
The Regency at Saint LouisStudioStudio,1BA$649
The Saum & Hutcheson ArmsSaum Unrenovated StudioStudio,1BA$650
Gateway on GrandC13BR,1BA$675
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$680
Collins Terrace Apartments2 Bedroom Medium2BR,1BA$689

Best Value Apartments for Rent in Downtown Saint Louis, MO

As of February 15, 2026 the best value apartment in the Downtown Saint Louis area is the $0.80 price per square foot 2 Bedroom 2 Bath Model at Roberts Galerie Lofts in the in the Lafayette Square neighborhood starting from $1,500. The second greatest value Downtown Saint Louis apartment is the 5 BR TH Model at Cambridge Heights Apartments I & II starting at $1,190 with a $0.73 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Downtown Saint Louis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Cambridge Heights Apartments I & II5 BR TH4BR,3BA$0.73
King's Court4-Bed4BR,4BA$0.87
4829 Margaretta Ave4829 Margaretta Ave2BR,1BA$0.54
Fox Grove Management Office4x24BR,2BA$0.74
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
College Hill Apartments2 Bedroom Townhouse2BR,1.5BA$0.93
Coronado Place and TowersThe Platinum2BR,2BA$0.76
Collins Terrace Apartments2 Bedroom Small2BR,1BA$0.95
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$0.89

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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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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
Downtown Saint Louis, Saint 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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Best Local Schools in
Downtown Saint Louis, Saint Louis, MO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Downtown Saint Louis, Saint Louis, and the greater St. Louis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Saint Louis Apartments

What is a cheap apartment in Downtown Saint Louis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Saint Louis is under $689.

What is the price of a cheap apartment in Downtown Saint Louis?

The cheapest apartment in Downtown Saint Louis is The Railton Apartments which is listed at $418, while the average apartment in Downtown Saint Louis costs $5,055.

What types of apartments are the cheapest in Downtown Saint Louis?

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 501 regular apartments in Downtown Saint Louis 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 Downtown Saint Louis?

Cheap apartments in Downtown Saint Louis have an average cost of $643 which is $4,412 cheaper than the average rent for all rentals in Downtown Saint Louis.

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

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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.