Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $549 (63 Rentals)

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

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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Rent According to Income: A Look at Income-Restricted Rentals

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property at 5415 Dresden Ave
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
2 Bedroom, 1.5 Bath Home for Rent
Available Now
Affordability

5415 Dresden Ave

St. LouisMO63116
  • Smoke Free

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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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

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2146-2148 Victor St
2 to 3 Bedroom Apartments

2146-2148 Victor St

2146-2148 Victor StSt. Louis, MO 63104
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Publicity Flats
1 Bedroom Apartments

Publicity Flats

1133 Pine StSt. Louis, MO 63101
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Senate Square
1 to 3 Bedroom Apartments

Senate Square

1921 Sidney StSt. Louis, MO 63104
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1945 Congress St
1 Bedroom Apartments

1945 Congress St

1945 Congress StSt. Louis, MO 63118
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1711 S 8th St
1 Bedroom Apartments

1711 S 8th St

1711 S 8th StSt. Louis, MO 63104

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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 The Towers at Gateway City priced from $565. Caroline Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Peabody apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Towers at Gateway CityStudioStudio,1BA$565
Caroline PlaceA11BR,1BA$850
The ShelbyMarket1BR,1BA$950
Arcade ApartmentsI-D1BR,1BA$979
The Georgian ApartmentsGE Julius1BR,1BA$1,065
Stadium Loft Apartments15 Units1BR,1BA$1,075
Gallery 720StudiosStudio,1BA$1,120
The Tower at OPOPA51BR,1BA$1,125
2500 S 18th St1BR/1.0BA1BR,1BA$1,150

Best Value Apartments for Rent in Peabody, MO

As of September 12, 2026 the best value apartment in the Peabody area is the $0.73 price per square foot 2137 Geyer Ave Model at 2137 Geyer Ave, Unit A in the in the Lafayette Square neighborhood starting from $1,100. The second greatest value Peabody apartment is the 1 Bedroom, 1 Bathroom Model at Gallery Villas starting at $1,910 with a $1.53 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.
2137 Geyer Ave, Unit A2137 Geyer Ave2BR,1BA$0.73
Gallery Villas1 Bedroom, 1 Bathroom1BR,1BA$1.53
Pointe 400 ApartmentsOne Bedroom1BR,1BA$1.02
Front Page Lofts2BR/1.0BA2BR,1BA$1.50
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
1720 Chouteau Ave, Unit 4041720 Chouteau Ave2BR,2BA$1.37
1500 Menard Apartments1BR/1.0BA1BR,1BA$1.27
The Tower at OPOPStudio1BR,1BA$1.54
Stadium Loft Apartments03 Units1BR,1BA$1.51
Caroline PlaceA11BR,1BA$1.29

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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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.

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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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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
Peabody, St. Louis, MO

Ranked #42

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 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 $1,150.

What is the price of a cheap apartment in Peabody?

The cheapest apartment in Peabody is The Towers at Gateway City which is listed at $665, while the average apartment in Peabody costs $1,250.

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 57 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 $301 which is $949 cheaper than the average rent for all rentals in Peabody.

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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St. Louis Living: Your Local Expert's 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.

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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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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.