Cheap Apartments for Rent in the Fountain Park Neighborhood of St. Louis, MO from $400 (160 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fountain Park area of St. 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.

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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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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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property at 5803 Waterman Blvd

$900 - $1,850

Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,850
Total Monthly Price
$900 - $1,850

2 Bedroom, 2 Bath Condo for Rent

Available May 15

5803 Waterman Blvd

St. LouisMO63112

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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From Arch to Apartment: The St. Louis Insider's Guide to Renting Near the Area's Top Employers

The St. Louis Insider's Guide to renting near BJC, WashU, Boeing, SSM Health, and Anheuser-Busch. Find your perfect neighborhood to balance commute, lifestyle, and budget.

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Fountain Park, St. Louis, MO Local Guide

Cheapest Available Fountain Park Apartments for Rent

 

The cheapest available apartment rental in the Fountain Park area of St. Louis, MO is a Studio unit found at The Regency at Saint Louis priced from $649. Forest Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Fountain Park apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Regency at Saint LouisStudioStudio,1BA$649
Forest Park ApartmentsThe Cardinal1BR,1BA$699
The Fairmont & Monticello ApartmentsMonticello Studios ('03, '08)Studio,1BA$755
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$765
Midtown 300StudioStudio,1BA$775
IconPrivate Bedroom4BR,2BA$775
Council Tower ApartmentsAffordable StudioStudio,1BA$781

Best Value Apartments for Rent in Fountain Park, MO

As of April 26, 2026 the best value apartment in the Fountain Park 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 Fountain Park apartment is the The President - 2 Bedroom w/ Den Model at President and Park Royal starting at $2,110 with a $1.17 price per square foot in the Hi-Point neighborhood. Here is today’s list of the best values for Fountain Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
14 Parkland Plsingle family home5BR,3BA$0.64
President and Park RoyalThe President - 2 Bedroom w/ Den2BR,2.5BA$1.17
4628 Enright Ave, Unit 24628 Enright Ave3BR,1BA$0.87
5126 Lexington Ave, Unit 25126 Lexington Ave2BR,1BA$0.75
StetsonB22BR,2BA$1.18
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
4947 Cote Brilliante Ave, Unit 4947 #14947 Cote Brilliante Ave3BR,1BA$1.08
University Plaza Apartments2 BR/1 BA2BR,1BA$1.12
744 Walton Ave744 Walton Ave2BR,1BA$1.00
4119 Carter Ave, Unit 4119 West Carter4119 Carter Ave1BR,1BA$0.96

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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
Fountain Park, St. Louis, MO

Ranked #20

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States including Fountain Park, St. Louis, and the greater St. Louis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fountain Park Apartments

What is a cheap apartment in Fountain Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fountain Park is under $781.

What is the price of a cheap apartment in Fountain Park?

The cheapest apartment in Fountain Park is Forest Park Apartments which is listed at $699, while the average apartment in Fountain Park costs $2,329.

What types of apartments are the cheapest in Fountain Park?

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 297 regular apartments in Fountain Park 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 Fountain Park?

Cheap apartments in Fountain Park have an average cost of $908 which is $1,421 cheaper than the average rent for all rentals in Fountain Park.

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

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

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

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.

decorative image for St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting article

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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

Written by: Lauren Harrington

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