Cheap Apartments for Rent in the Downtown Saint Louis Neighborhood of Saint Louis, MO from $400 (283 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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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.

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744 Walton Ave
$750
Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750
1 to 2 Bedroom Apartment Available Now

744 Walton Ave

744 Walton AveSt. Louis, MO 63108
Affordability

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.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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St. Louis Living: Your Local Expert's Guide to Neighborhoods and Renting

Moving to St. Louis? Get the ultimate insider's guide to the city's neighborhoods, from the historic CWE to residential Shaw. Find your perfect apartment and settle in like a local.

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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 $447. The Towers at Gateway City has the second lowest priced unit, which is a Studio apartment currently listed from $515. 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$447
The Towers at Gateway CityStudioStudio,1BA$515
Fox Grove Management Office2x12BR,1BA$550
The Saum & Hutcheson ArmsSaum Unrenovated StudioStudio,1BA$650
The Regency at Saint LouisStudioStudio,1BA$679
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$680
Forest Park ApartmentsThe Cardinal1BR,1BA$701
Collins Terrace Apartments1 Bedroom Large1BR,1BA$718

Best Value Apartments for Rent in Downtown Saint Louis, MO

As of May 16, 2026 the best value apartment in the Downtown Saint Louis area is the $0.64 price per square foot single family home Model at 14 Parkland Pl in the in the Lewis Place neighborhood starting from $1,800. The second greatest value Downtown Saint Louis apartment is the Two Bedroom Model at Pointe 400 Apartments starting at $1,481 with a $0.52 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.
14 Parkland Plsingle family home5BR,3BA$0.64
Pointe 400 ApartmentsTwo Bedroom2BR,2BA$0.52
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Kingsland Courtyard4-Bed4BR,4BA$0.87
4628 Enright Ave, Unit 24628 Enright Ave3BR,1BA$0.87
2137 Geyer Ave, Unit Unit A2137 Geyer Ave2BR,1BA$0.73
2030 E Fair Ave, Unit Fair ave2030 E Fair Ave2BR,1BA$0.50
Fox Grove Management Office4x24BR,2BA$0.74
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
1527 E Grand Blvd2 bed2BR,1.5BA$0.88

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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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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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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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
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 $718.

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 $447, while the average apartment in Downtown Saint Louis costs $9,189.

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 458 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 $677 which is $8,512 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.

Helpful Local Expert Guides

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

Written by: Taryn Shorr-Mckee

Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.

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St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting

Written by: Taryn Shorr-Mckee

St. Louis is a historic city of neighborhoods — nearly 80 of them — each with its own personality, rhythm, and everyday comforts.

Articles, How-To's, and Tips

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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.

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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.

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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.