Cheap Apartments for Rent in the Lafayette Square Neighborhood of St. Louis, MO from $400 (227 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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property at 1209 N 11th St

$850

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1209 N 11th St

St. LouisMO63106

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 3550 Magnolia Ave

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3550 Magnolia Ave

St. LouisMO63118

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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property at 3739 Ohio Ave

$995 - $1,100

1 To 2 Bedroom Rentals

Available Now

3739 Ohio Ave

St. LouisMO63118

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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Showing Results 1-50, Page 1 of 5

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 Studio unit found at The Towers at Gateway City priced from $515. 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 Lafayette Square apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Towers at Gateway CityStudioStudio,1BA$515
Fox Grove Management Office2x12BR,1BA$550
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$561
The Saum & Hutcheson ArmsSaum Unrenovated StudioStudio,1BA$650
Diplomat Apartments0 Bedroom 1 BathroomStudio,1BA$650
Collins Terrace Apartments1 Bedroom Large1BR,1BA$750
Midtown 300StudioStudio,1BA$775
Downtowner ApartmentsStudioStudio,1BA$775
IconPrivate Bedroom4BR,2BA$775

Best Value Apartments for Rent in Lafayette Square, MO

As of May 03, 2026 the best value apartment in the Lafayette Square area is the $0.59 price per square foot 3617 Tennessee Ave Model at 3617 Tennessee Ave, Unit 2f in the in the The Hill neighborhood starting from $1,300. The second greatest value Lafayette Square apartment is the 3205 Arsenal St Model at 3205 Arsenal St, Unit 3205 starting at $1,895 with a $0.90 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.
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
Vangard LoftsBee Hat B62BR,2BA$0.97
1857 Russell Blvd., Unit A1857 Russell Blvd.2BR,1BA$1.08
Pointe 400 ApartmentsOne Bedroom1BR,1BA$0.99
Fox Grove Management Office4x24BR,2BA$0.74
3109 California Ave, Unit A 2nd Fl3109 California Ave1BR,1BA$0.97
3528 Tennessee Ave, Unit 2nd Floor3528 Tennessee Ave1BR,1BA$0.93

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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 $561, while the average apartment in Lafayette Square costs $9,405.

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 343 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 $637 which is $8,768 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.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.