Cheap Apartments for Rent in the Downtown Saint Louis Neighborhood of Saint Louis, MO from $400 (280 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. Fox Grove Management Office has the second lowest priced unit, which is a 2 Beds apartment currently listed from $550. 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
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
Collins Terrace Apartments2 Bedroom Small2BR,1BA$682
Forest Park ApartmentsThe Cardinal1BR,1BA$701

Best Value Apartments for Rent in Downtown Saint Louis, MO

As of April 01, 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 1709 Washington Ave Model at 1709 Washington Ave, Unit 600 starting at $1,350 with a $0.71 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
1709 Washington Ave, Unit 6001709 Washington Ave2BR,1BA$0.71
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
5126 Lexington Ave, Unit 25126 Lexington Ave2BR,1BA$0.75
Fox Grove Management Office4x24BR,2BA$0.74
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
College Hill Apartments2BR/1.5BA2BR,1.5BA$0.93
4119 Carter Ave, Unit 4119 West Carter4119 Carter Ave1BR,1BA$0.96

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

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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

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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 $701.

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 $9,537.

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 614 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 $891 which is $8,646 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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Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.

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

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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.