Cheap Apartments for Rent in the Peabody Neighborhood of St. Louis, MO from $549 (64 Rentals) Page 2 of 2

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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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1711 S 8th St
1 Bedroom Apartments

1711 S 8th St

1711 S 8th StSt. Louis, MO 63104
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2511 S 9th St
2 Bedroom Apartments

2511 S 9th St

2511 S 9th StSt. Louis, MO 63104
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Parker Place Lofts
1 to 2 Bedroom Apartments

Parker Place Lofts

1808 Chouteau AveSt. Louis, MO 63103

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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Marquette Apartments
Studio to 2 Bedroom Apartments

Marquette Apartments

300-314 N BroadwaySt. Louis, MO 63102
  • Utilities Included
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Sidney Street Lofts
1 to 2 Bedroom Apartments

Sidney Street Lofts

1831-1903 Sidney StSt. Louis, MO 63104
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Mississippi Lofts
1 to 2 Bedroom Apartments

Mississippi Lofts

1105-1107 Mississippi AveSt. Louis, MO 63104
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The Bordeaux
1 to 2 Bedroom Apartments

The Bordeaux

1330 Dolman StSt. Louis, MO 63104
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Ballpark Heights
Studio to 2 Bedroom Apartments

Ballpark Heights

300 S BroadwaySt. Louis, MO 63102
Student Housing

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.

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.

Articles, How-To's, and Tips

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

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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

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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.