Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $500 (48 Rentals)

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

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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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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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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Indiana Ave
1 to 2 Bedroom Apartments

Indiana Ave

2623-2625 Indiana AveSt. Louis, MO 63118

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.

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2146-48 Victor LLC
2 to 3 Bedroom Apartments

2146-48 Victor LLC

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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Cloisters Apartments
1 to 3 Bedroom Apartments

Cloisters Apartments

2500 S 18th StSt. Louis, MO 63104
  • Utilities Included
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Steelyard
Studio to 3 Bedroom Apartments

Steelyard

2400 S 9th StSt. Louis, MO 63104
Student Housing

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.

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Marquette Apartments
Studio to 2 Bedroom Apartments

Marquette Apartments

300-314 N BroadwaySt. Louis, MO 63102
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The Bordeaux
1 to 2 Bedroom Apartments

The Bordeaux

1330 Dolman StSt. Louis, MO 63104
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Showing Results 1-48, 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 The Towers at Gateway City priced from $550. Caroline Place Apartments 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$550
Caroline Place Apartments1 Bed / 1 Bath- Comfort Option1BR,1BA$850
The Paul Brown Loft Apartments1 Bedroom 1 Bathroom1BR,1BA$895
11th and SpruceThe ClarkStudio,1BA$967
Park PacificThe ArgonautStudio,1BA$975
Arcade Artist ApartmentsI-B1BR,1BA$986
Senate Square Apartments1 Bed / 1 Bath - Value Option1BR,1BA$1,000
Front Page LoftsRoss1BR,1BA$1,100
The Lofts at OPOPA31BR,1BA$1,120
Gallery 720StudiosStudio,1BA$1,120

Best Value Apartments for Rent in Peabody, MO

As of February 01, 2026 the best value apartment in the Peabody area is the $1.03 price per square foot 2401 S 11th St Model at 2401 S 11th St, Unit 3F in the in the Lafayette Square neighborhood starting from $1,950. The second greatest value Peabody apartment is the 2BR/2.0BA Model at Union Club 770 starting at $1,650 with a $1.34 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.
2401 S 11th St, Unit 3F2401 S 11th St3BR,2BA$1.03
Union Club 7702BR/2.0BA2BR,2BA$1.34
Pointe 400 ApartmentsOne Bedroom1BR,1BA$0.99
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
1500 Menard Apartments2BR/1.0BA2BR,1BA$1.18
Storyboard on PinePine B32BR,2BA$1.23
The Paul Brown Loft Apartments2 Bedroom 1 Bathroom2BR,2BA$1.42
The Lofts at OPOPA21BR,1BA$1.50
Front Page LoftsRoss1BR,1BA$1.45
Caroline Place Apartments1 Bed / 1 Bath- Comfort Option1BR,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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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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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 #41

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 $1,120.

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 $650, 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 34 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 $129 which is $3,521 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.

Articles, How-To's, and Tips

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.