Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $500 (74 Rentals)

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

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11th and Spruce
Rent Specials
$968 - $2,389
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$968 - $2,389
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Studio to 2 Bedroom Apartments Available Now

11th and Spruce

1014 Spruce StSt. Louis, MO 63102
Student Housing
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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
Arcade ApartmentsI-AHL1BR,1BA$925
The ShelbyPapinStudio,1BA$965
11th and Spruce0x1-The ClarkStudio,1BA$968
Senate Square1 Bedroom1BR,1BA$1,000
Front Page LoftsRoss1BR,1BA$1,100
Gallery 720StudiosStudio,1BA$1,120
The Tower at OPOPA51BR,1BA$1,125

Best Value Apartments for Rent in Peabody, MO

As of May 07, 2026 the best value apartment in the Peabody area is the $0.52 price per square foot Two Bedroom Model at Pointe 400 Apartments in the in the Lafayette Square neighborhood starting from $1,481. The second greatest value Peabody apartment is the 2205 S 11th St Model at 2205 S 11th St, Unit A starting at $2,300 with a $1.02 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$0.52
2205 S 11th St, Unit A2205 S 11th St3BR,2BA$1.02
Gallery Villas2BR2BR,2BA$1.22
2137 Geyer Ave, Unit Unit A2137 Geyer Ave2BR,1BA$0.73
Union Club 7702BR/2.0BA2BR,2BA$1.34
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
The Lofts at OPOPA71BR,2BA$1.08
1500 Menard Apartments2BR/1.0BA2BR,1BA$1.29
Storyboard on PinePine B22BR,2BA$1.22
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 #43

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 62 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 $256 which is $3,394 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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