Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $500 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Peabody 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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property at 1815 S 8th St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

1815 S 8th St, Unit B

1815 S 8th St
St. LouisMO63104
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2137 Geyer Ave, Unit A
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
2 Bedroom Apartment Available Now

2137 Geyer Ave, Unit A

2137 Geyer AveSt. Louis, MO 63104

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 2017 Chouteau Ave

$1,050 - $2,400

Studio To 2 Bedroom Rentals

Available Now

2017 Chouteau Ave

St. LouisMO63103
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11th and Spruce
Rent Specials
$1,186 - $3,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,186 - $3,300
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

11th and Spruce

1014 Spruce StSt. Louis, MO 63102
Student Housing
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property at 2110 Menard St

$1,195 - $1,595

1 To 2 Bedroom Rentals

Available Now

2110 Menard St

St. LouisMO63104

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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property at 1432 Dolman St

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275
Total Monthly Price
$1,275

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1432 Dolman St

St. LouisMO63104
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1821 S 7th St, Unit N1
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
1 Bedroom Apartment Available Jul 31

1821 S 7th St, Unit N1

1821 S 7th StSt. Louis, MO 63104
Affordability

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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1720 Chouteau Ave, Unit 404
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495
2 Bedroom Apartment Available Now

1720 Chouteau Ave, Unit 404

1720 Chouteau AveSt. Louis, MO 63103
Affordability
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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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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 $515. 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$515
Caroline PlaceA11BR,1BA$850
The ShelbyPapinStudio,1BA$965
Senate Square1 Bedroom1BR,1BA$1,000
Stadium Loft Apartments1071BR,1BA$1,075
The Georgian ApartmentsGW Greenfield1BR,1BA$1,094
1711 S 8th St1 Beds, 1 Baths1BR,1BA$1,099
Gallery 720StudiosStudio,1BA$1,120
The Tower at OPOPA51BR,1BA$1,125

Best Value Apartments for Rent in Peabody, MO

As of June 22, 2026 the best value apartment in the Peabody area is the $0.57 price per square foot Two Bedroom Model at Pointe 400 Apartments in the in the Lafayette Square neighborhood starting from $1,602. The second greatest value Peabody apartment is the 5 Beds, 3 Baths Model at 715 Soulard Dr starting at $2,595 with a $0.93 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.
Pointe 400 ApartmentsTwo Bedroom2BR,2BA$0.57
715 Soulard Dr5 Beds, 3 Baths5BR,3BA$0.93
809 Russell Blvd, Unit 809a Russell Blvd809 Russell Blvd3BR,2BA$1.00
2137 Geyer Ave, Unit A2137 Geyer Ave2BR,1BA$0.73
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
1500 Menard Apartments2BR/1.0BA2BR,1BA$1.29
Storyboard on PinePine B22BR,2BA$1.22
1711 S 8th St1 Beds, 1 Baths1BR,1BA$1.16
2205 S 11th St, Unit 1FN2205 S 11th St1BR,1BA$1.21
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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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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Pet Friendly Lifestyle
Peabody, St. Louis, MO

Ranked #40

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 $1,125.

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 $615, while the average apartment in Peabody costs $3,650.

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 42 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 $228 which is $3,422 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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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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.