
Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $500 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peabody area of St. Louis.


City Parc at Pine Senior Living

2300 Allen Ave

2152-2154-2154 Geyer Ave

2615 Victor St

The Paul Brown Loft Apartments

2209-2211 Jules St

2633 Russell Blvd
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.

Park Pacific

1523 S 10th St

The Georgian Apartments

906 Barton St

Front Page Lofts

Gallery 720

11th and Spruce

1830 Russell Blvd
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.

2146-2148-2148 Victor St

Ballpark Heights

Pointe 400 Apartments

Syndicate Building

The Koken on Ohio

1006 Russell Blvd, Unit B

2115 Allen Ave

SoHo Apartments
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.

2110 S 11th St

2005 Russell Blvd
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.
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.
Peabody, St. Louis, MO Local Guide

How much does it cost to rent an apartment in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody Studio Apartments | $874 | $550 | $1,769 |
| Peabody 1 Bedroom Apartments | $1,147 | $650 | $5,222 |
| Peabody 2 Bedroom Apartments | $1,823 | $834 | $7,935 |
| Peabody 3 Bedroom Apartments | $3,030 | $1,995 | $5,000 |
| Peabody 4 Bedroom Apartments | $3,750 | $3,650 | $3,850 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 1 mile radius of the Peabody Neighborhood of St. Louis, MO.
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Peabody, St. Louis, MO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Gateway City | Studio | Studio,1BA | $550 |
| Caroline Place Apartments | 1 Bed / 1 Bath- Comfort Option | 1BR,1BA | $850 |
| The Shelby | Papin | Studio,1BA | $965 |
| Park Pacific | The Argonaut | Studio,1BA | $975 |
| Storyboard on Pine | Pine B2 | 2BR,2BA | $995 |
| 1500 Menard Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Front Page Lofts | Ross | 1BR,1BA | $1,100 |
| The Lofts at OPOP | A3 | 1BR,1BA | $1,120 |
| Gallery 720 | Studios | Studio,1BA | $1,120 |
| The Tower at OPOP | A5 | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Peabody, MO
As of December 12, 2025 the best value apartment in the Peabody area is the $1.00 price per square foot 801 Russell Blvd Model at 801 Russell Blvd, Unit 801 Russell in the in the Lafayette Square neighborhood starting from $2,400. The second greatest value Peabody apartment is the 1857 Russell Blvd. Model at 1857 Russell Blvd., Unit A starting at $1,500 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 801 Russell Blvd, Unit 801 Russell | 801 Russell Blvd | 3BR,2BA | $1.00 |
| 1857 Russell Blvd., Unit A | 1857 Russell Blvd. | 2BR,1BA | $1.15 |
| Union Club 770 | 2BR/2.0BA | 2BR,2BA | $1.34 |
| Pointe 400 Apartments | One Bedroom | 1BR,1BA | $0.99 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| 2325 S 10th St, Unit A | 2325 S 10th St | 1BR,1BA | $1.09 |
| Storyboard on Pine | Pine B3 | 2BR,2BA | $1.23 |
| 1500 Menard Apartments | 1BR/1.0BA | 1BR,1BA | $1.17 |
| Front Page Lofts | Ross | 1BR,1BA | $1.45 |
| Caroline Place Apartments | 1 Bed / 1 Bath- Comfort Option | 1BR,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.
Read ArticleThe 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.
Read ArticleLocal 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
Read ArticleQuick 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.
Pet Friendly LifestylePeabody, St. Louis, MO
Ranked #41
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $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 19 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 $145 which is $3,505 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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!




















