Cheap Homes for Rent in Peabody Neighborhood of St. Louis, MO from $700 (10 Rentals)

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property at 2319 Indiana Ave

2319 Indiana Ave

St. LouisMO63104
property at 2317 Indiana Ave

2317 Indiana Ave

St. LouisMO63104

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.

property at 917 Geyer Ave

917 Geyer Ave

St. LouisMO63104
property at 314 N Broadway

314 N Broadway

St. LouisMO63102

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.

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 ShelbyMarket1BR,1BA$950

Best Value Apartments for Rent in Peabody, MO

As of December 13, 2025 the best value apartment in the Peabody area is the $1.15 price per square foot 1857 Russell Blvd. Model at 1857 Russell Blvd., Unit A in the in the Lafayette Square neighborhood starting from $1,500. 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.
1857 Russell Blvd., Unit A1857 Russell Blvd.2BR,1BA$1.15
Union Club 7702BR/2.0BA2BR,2BA$1.34
Pointe 400 ApartmentsOne Bedroom1BR,1BA$0.99
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
Storyboard on PinePine B32BR,2BA$1.23
1500 Menard Apartments1BR/1.0BA1BR,1BA$1.17
The Lofts at OPOPA21BR,1BA$1.50
The Tower at OPOPStudio1BR,1BA$1.54
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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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 #43

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Peabody

What type of rentals are currently available in Peabody?

There are currently 165 Apartments for Rent in Peabody, MO with pricing that ranges from $550 to $7,935. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $795 to $2,925.

What is the current price range for Rental Homes in Peabody?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Peabody ranges from $795 to $2,925 with an average monthly rent of $1,863.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!