Cheap Homes for Rent in the Fairgrounds Neighborhood of Saint Louis, MO from $400 (16 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

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.

property at 4012 Penrose St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

4012 Penrose St

St. LouisMO63107

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.

Fairgrounds, St. Louis, MO Local Guide

Cheapest Available Fairgrounds Apartments for Rent

 

The cheapest available apartment rental in the Fairgrounds area of St. Louis, MO is a 1 Bed unit found at Fairgrounds Park Place Apartments priced from $680. Homer G. Phillips Apartments for 55 and older has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Fairgrounds apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$680
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$765
3717-21 Westminster0BR/1.0BAStudio,1BA$775
Preservation Square1 Bdrm Garden, 669 SqFt, Tax Credit, 60% AMI1BR,1BA$850
Sullivan Place Apartments1 Bed, 1 bath1BR,1BA$895

Best Value Apartments for Rent in Fairgrounds, MO

As of July 12, 2026 the best value apartment in the Fairgrounds area is the $1.24 price per square foot 4400 Delmar Blvd Model at 4400 Delmar Blvd, Unit 4400 Delmar in the in the Cheltenham neighborhood starting from $1,800. The second greatest value Fairgrounds apartment is the Two Bedroom One Bath Model at Homer G. Phillips Apartments for 55 and older starting at $930 with a $0.88 price per square foot in the Lewis Place neighborhood. Here is today’s list of the best values for Fairgrounds apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4400 Delmar Blvd, Unit 4400 Delmar4400 Delmar Blvd3BR,1BA$1.24
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
College Hill Apartments2 Bedroom2BR,1.5BA$0.95
College Hill ApartmentsTownhome2BR,1.5BA$0.95
Motorworks1BR/1.0BA1BR,1BA$1.21
Hampden HallOne Bed One Bath1BR,1BA$1.38
4119 Carter Ave, Unit 4119 W. Carter Avenue4119 Carter Ave1BR,1BA$0.96
3965 N 21st St3965 N 21st St3BR,1BA$1.14
Preservation Square1 Bdrm Garden, 661 SqFt, Market,1BR,1BA$1.40
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$1.19

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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Pet Friendly Lifestyle
Fairgrounds, Saint Louis, MO

Ranked #85

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Fairgrounds

What type of rentals are currently available in Fairgrounds?

There are currently 289 Apartments for Rent in Fairgrounds, MO with pricing that ranges from $695 to $2,700. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $299 to $3,700.

What is the current price range for Rental Homes in Fairgrounds?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairgrounds ranges from $299 to $3,700 with an average monthly rent of $1,459.

How much are larger Three and Four Bedroom Rentals in Fairgrounds?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairgrounds range from $800 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $499 to $2,950. Four Bedroom Single-Family rentals are also available starting from $299 and Four Bedroom Apartments start at $1,999.

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 Expert's 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.