Cheap Apartments for Rent in the Lemay Neighborhood of Saint Louis, MO from $500 (25 Rentals)

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

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7631 Ivory Ave
1 Bedroom Apartments

7631 Ivory Ave

7631 Ivory AveSt. Louis, MO 63111

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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4008 Bayless Ave
2 to 3 Bedroom Apartments

4008 Bayless Ave

4008 Bayless AveSt. Louis, MO 63125
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Villa Park
Studio Apartments

Villa Park

1993 Lemay Ferry RdSt. Louis, MO 63125
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8605 S Broadway
Studio Apartments

8605 S Broadway

8605 S BroadwaySt. Louis, MO 63111
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La Salette Apartments
1 to 2 Bedroom Apartments

La Salette Apartments

4215 La Salette DrSt. Louis, MO 63123
  • Utilities Included

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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Temtor Lofts
1 to 3 Bedroom Apartments

Temtor Lofts

8125 Michigan AveSt. Louis, MO 63111
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Germania on the Green
1 Bedroom Apartments

Germania on the Green

4101-4141 Germania StSt. Louis, MO 63116
  • Utilities Included
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Benedict Estates
1 to 2 Bedroom Apartments

Benedict Estates

4117 Grasso AveSt. Louis, MO 63123
  • Utilities Included

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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Vescovo Townhomes
3 Bedroom Apartments

Vescovo Townhomes

3605-3685 Vescovo DrSt. Louis, MO 63125
  • Utilities Included
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Leeshores
2 Bedroom Apartments

Leeshores

1502 Leeshores LnSt. Louis, MO 63125
  • Utilities Included
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Hallmark Apartments
1 to 2 Bedroom Apartments

Hallmark Apartments

3600 Hallmark LnSt. Louis, MO 63125
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307 S Sigsbee Ave
1 to 2 Bedroom Apartments

307 S Sigsbee Ave

307 S Sigsbee AveLemay, MO 63125

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.

Lemay, St. Louis, MO Local Guide

Cheapest Available Lemay Apartments for Rent

 

The cheapest available apartment rental in the Lemay area of St. Louis, MO is a 1 Bed unit found at Jefferson Townhomes priced from $795. Kingston Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Lemay apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
Jefferson TownhomesOne Bedroom Garden1BR,1BA$795
Kingston ApartmentsStudioStudio,1BA$849
Greenway Trail ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$950
Lyon ApartmentsA51BR,1BA$1,030

Best Value Apartments for Rent in Lemay, MO

As of April 24, 2026 the best value apartment in the Lemay area is the $1.24 price per square foot B9 Model at Lyon Apartments in the in the Princeton Heights neighborhood starting from $1,276. The second greatest value Lemay apartment is the 230 Carrington Ln Model at 230 Carrington Ln, Unit A starting at $1,100 with a $1.24 price per square foot in the Patch neighborhood. Here is today’s list of the best values for Lemay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lyon ApartmentsB92BR,2BA$1.24
230 Carrington Ln, Unit A230 Carrington Ln2BR,1BA$1.24
Greenway Trail ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.27
Jefferson TownhomesOne Bedroom Garden1BR,1BA$1.30
2530 Telegraph Rd, Unit 2530-E2530 Telegraph Rd1BR,1BA$1.13
2514 Telegraph Rd, Unit 2514-A2514 Telegraph Rd1BR,1BA$1.18
2534 Telegraph Rd, Unit 2534-C2534 Telegraph Rd1BR,1BA$1.09
2520 Telegraph Rd2520 Telegraph Rd1BR,1BA$1.30
Kingston ApartmentsStudioStudio ,1BA$2.46

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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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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Frequently Asked Questions about Cheap Lemay Apartments

What is the price of a cheap apartment in Lemay?

The cheapest apartment in Lemay is Jefferson Townhomes which is listed at $795, while the average apartment in Lemay costs $4,803.

What types of apartments are the cheapest in Lemay?

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 11 regular apartments in Lemay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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

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.