Cheap Homes for Rent in Downtown Saint Louis Neighborhood of Saint Louis, MO from $500 (58 Rentals)

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

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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property at 4355 Maryland Ave

4355 Maryland Ave

St. LouisMO63108
property at 1114 Lucas Ave

1114 Lucas Ave

St. LouisMO63101
property at 5965 Cates Ave

5965 Cates Ave

St. LouisMO63112

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 3010 Apartments priced from $437. Preservation Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $492. Here are the most affordable Downtown Saint Louis apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
3010 Apartments1x11BR,1BA$437
Preservation Square ApartmentsOne Bedroom1BR,1BA$492
Fox Grove Management Office2x12BR,1BA$550
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$561
St. Luke's Plaza ApartmentsStudioStudio,1BA$569
City Parc at Pine Senior LivingstudioStudio,1BA$602
The Regency at Saint LouisStudioStudio,1BA$649
The Towers at Gateway CityStudioStudio,1BA$650
Forest Park ApartmentsThe Cardinal1BR,1BA$660
Gateway on GrandD24BR,2BA$675

Best Value Apartments for Rent in Downtown Saint Louis, MO

As of August 24, 2025 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 4-Bed Model at King's Court starting at $1,300 with a $0.87 price per square foot in the Wells 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
King's Court4-Bed4BR,4BA$0.87
4567 Adelaide Ave, Unit #14567 Adelaide Ave3BR,1BA$0.75
Fox Grove Management Office4x24BR,2BA$0.74
6659 Garner Ave, Unit 2nd Floor6659 Garner Ave2BR,1BA$0.91
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.95
College Hill Apartments2 Bedroom Townhouse2BR,1.5BA$0.83
Coronado Place and TowersThe Scott3BR,1BA$0.71
The Paul Brown Loft Apartments2 Bedroom 1 Bathroom2BR,1BA$0.92
Preservation Square ApartmentsOne Bedroom1BR,1BA$0.74

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
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

Frequently Asked Questions about Downtown Saint Louis

What type of rentals are currently available in Downtown Saint Louis?

There are currently 1113 Apartments for Rent in Downtown Saint Louis, MO with pricing that ranges from $437 to $8,541. There are also 175 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Saint Louis ranging from $500 to $8,000.

What is the current price range for Rental Homes in Downtown Saint Louis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Saint Louis ranges from $500 to $8,000 with an average monthly rent of $2,020.

How much are larger Three and Four Bedroom Rentals in Downtown Saint Louis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Saint Louis range from $674 to $5,645, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $4,100. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $854.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.