Cheap Apartments for Rent in the Lafayette Square Neighborhood of St. Louis, MO from $400 (222 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lafayette Square 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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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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2808 Iowa Ave, Unit 1F
$875
Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875
1 Bedroom Apartment Available Now

2808 Iowa Ave, Unit 1F

2808 Iowa AveSt. Louis, MO 63118
Affordability
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property at 3739 Ohio Ave

$900 - $1,000

1 To 2 Bedroom Rentals

Available Now

3739 Ohio Ave

St. LouisMO63118

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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2736 Armand Pl, Unit 2736B
$995
Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995
1 Bedroom Apartment Available Aug 1

2736 Armand Pl, Unit 2736B

2736 Armand PlSt. Louis, MO 63104
Affordability
  • Smoke Free

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lafayette Square, St. Louis, MO Local Guide

Cheapest Available Lafayette Square Apartments for Rent

 

The cheapest available apartment rental in the Lafayette Square 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 Lafayette Square 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
Diplomat Apartments0 Bedroom 1 BathroomStudio,1BA$650
The Saum & Hutcheson ArmsSaum Unrenovated StudioStudio,1BA$650
Collins Terrace Apartments1 Bedroom Large1BR,1BA$678
Midtown 300StudioStudio,1BA$775
Downtowner ApartmentsStudioStudio,1BA$775
IconPrivate Bedroom4BR,2BA$775

Best Value Apartments for Rent in Lafayette Square, MO

As of June 17, 2026 the best value apartment in the Lafayette Square area is the $0.94 price per square foot 1101 Lucas Ave Model at 1101 Lucas Ave, Unit #200 in the in the Lafayette Square neighborhood starting from $3,100. The second greatest value Lafayette Square apartment is the Two Bedroom Model at Pointe 400 Apartments starting at $1,602 with a $0.57 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Lafayette Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1101 Lucas Ave, Unit #2001101 Lucas Ave1BR,1BA$0.94
Pointe 400 ApartmentsTwo Bedroom2BR,2BA$0.57
715 Soulard Dr5 Beds, 3 Baths5BR,3BA$0.93
3617 Tennessee Ave, Unit 2f3617 Tennessee Ave3BR,1BA$0.59
3205 Arsenal St, Unit 32053205 Arsenal St3BR,2BA$0.90
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
2137 Geyer Ave, Unit Unit A2137 Geyer Ave2BR,1BA$0.73
2310 Russell Blvd, Unit A2310 Russell Blvd2BR,1BA$0.83
Fox Grove Management Office4x24BR,2BA$0.74
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$0.95

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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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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Best Local Schools in
Lafayette Square, St. Louis, MO

School data provided by Great Schools

Lifestyle Ratings

Our team is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States including Lafayette Square, 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 filtering automatically for easy access to the parks, luxury housing options, apartment complexes for the kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lafayette Square Apartments

What is a cheap apartment in Lafayette Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Square is under $775.

What is the price of a cheap apartment in Lafayette Square?

The cheapest apartment in Lafayette Square is The Railton Apartments which is listed at $447, while the average apartment in Lafayette Square costs $7,982.

What types of apartments are the cheapest in Lafayette Square?

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 231 regular apartments in Lafayette Square 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 Lafayette Square?

Cheap apartments in Lafayette Square have an average cost of $709 which is $7,273 cheaper than the average rent for all rentals in Lafayette Square.

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

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

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.