Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $500 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
property at 2710 Armand Pl

2710 Armand Pl

St. LouisMO63104

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
property at 2511 S 9th St

2511 S 9th St

St. LouisMO63104
close
View Me
Indiana Ave
1 Bedroom Apartments

Indiana Ave

2623-2625 Indiana AveSt. Louis, MO 63118
close
View Me
Cloisters Apartments
1 to 3 Bedroom Apartments

Cloisters Apartments

2500 S 18th StSt. Louis, MO 63104
  • Utilities Included
close
View Me
Publicity Flats
1 Bedroom Apartments

Publicity Flats

1133 Pine StSt. Louis, MO 63101
close
View Me
The Lofts at OPOP
1 to 3 Bedroom Apartments

The Lofts at OPOP

911 Locust StSt. Louis, MO 63101

St. Louis's Best Affordable Neighborhoods

Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee

Read Article
close
View Me
Steelyard
Studio to 3 Bedroom Apartments

Steelyard

2400 S 9th StSt. Louis, MO 63104
close
View Me
Marquette Apartments
2 Bedroom Apartments

Marquette Apartments

300-314 N BroadwaySt. Louis, MO 63102
  • Utilities Included
close
View Me
The Bordeaux
1 to 2 Bedroom Apartments

The Bordeaux

1330 Dolman StSt. Louis, MO 63104
  • Utilities Included
close
View Me
2511 S 9th St
2 Bedroom Apartments

2511 S 9th St

2511 S 9th StSt. Louis, MO 63104
Showing Results 1-47, Page 1 of 1

Peabody, St. Louis, MO Local Guide

Cheapest Available Peabody Apartments for Rent

 

The cheapest available apartment rental in the Peabody area of St. Louis, MO is a Studio unit found at City Parc at Pine Senior Living priced from $602. The Towers at Gateway City has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Peabody apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
City Parc at Pine Senior LivingstudioStudio,1BA$602
The Towers at Gateway CityStudioStudio,1BA$650
Caroline Place Apartments1 Bed / 1 Bath- Comfort Option1BR,1BA$800
The Paul Brown Loft Apartments2 Bedroom 2 Bathroom2BR,2BA$806
Senate Square Apartments1 Bed / 1 Bath - Value Option1BR,1BA$950
The ShelbyPapinStudio,1BA$965
Syndicate BuildingRestricted Income 1BR1BR,2BA$969
Park PacificThe ArgonautStudio,1BA$975
Lofts at Lafayette SquareA161BR,1BA$1,025

Best Value Apartments for Rent in Peabody, MO

As of May 29, 2025 the best value apartment in the Peabody area is the $0.85 price per square foot 2317 Indiana Ave Model at 2317 Indiana Ave, Unit 2F in the in the Lafayette Square neighborhood starting from $2,050. The second greatest value Peabody apartment is the 2137 Geyer Ave Model at 2137 Geyer Ave, Unit A starting at $915 with a $0.51 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Peabody apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2317 Indiana Ave, Unit 2F2317 Indiana Ave3BR,2BA$0.85
2137 Geyer Ave, Unit A2137 Geyer Ave2BR,1BA$0.51
Union Club 7702BR/2.0BA2BR,2BA$1.24
Pointe 400 ApartmentsOne Bedroom1BR,1BA$0.99
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
Storyboard on PinePine B12BR,2BA$1.07
2511 S 9th St.2BR/1.0BA2BR,1BA$1.28
The Paul Brown Loft Apartments2 Bedroom 1 Bathroom2BR,1BA$0.92
Caroline Place Apartments1 Bed / 1 Bath- Comfort Option1BR,1BA$1.21
City Parc at Pine Senior LivingstudioStudio ,1BA$1.31

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Peabody, St. Louis, MO

Ranked #32

Among neighborhoods in St. Louis, MO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Missouri and customized analysis for Central St. Louis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, features that make it easier to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Peabody Apartments

What is a cheap apartment in Peabody?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peabody is under $1,025.

What is the price of a cheap apartment in Peabody?

The cheapest apartment in Peabody is City Parc at Pine Senior Living which is listed at $743, while the average apartment in Peabody costs $1,762.

What types of apartments are the cheapest in Peabody?

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 32 regular apartments in Peabody 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 Peabody?

Cheap apartments in Peabody have an average cost of $219 which is $1,543 cheaper than the average rent for all rentals in Peabody.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.