Cheap Homes for Rent in Peabody Neighborhood of St. Louis, MO from $800 (8 Rentals)

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

property at 1815 S 8th St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

1815 S 8th St, Unit B

1815 S 8th St
St. LouisMO63104

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.

property at 1432 Dolman St

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1432 Dolman St

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.

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
The ShelbyPapinStudio,1BA$965

Best Value Apartments for Rent in Peabody, MO

As of June 22, 2026 the best value apartment in the Peabody area is the $0.57 price per square foot Two Bedroom Model at Pointe 400 Apartments in the in the Lafayette Square neighborhood starting from $1,602. The second greatest value Peabody apartment is the 5 Beds, 3 Baths Model at 715 Soulard Dr starting at $2,595 with a $0.93 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$0.57
715 Soulard Dr5 Beds, 3 Baths5BR,3BA$0.93
809 Russell Blvd, Unit 809a Russell Blvd809 Russell Blvd3BR,2BA$1.00
2137 Geyer Ave, Unit A2137 Geyer Ave2BR,1BA$0.73
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
1500 Menard Apartments2BR/1.0BA2BR,1BA$1.29
Storyboard on PinePine B22BR,2BA$1.22
1711 S 8th St1 Beds, 1 Baths1BR,1BA$1.16
2205 S 11th St, Unit 1FN2205 S 11th St1BR,1BA$1.21
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

Read Article
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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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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 #40

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 169 Apartments for Rent in Peabody, MO with pricing that ranges from $515 to $7,935. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $825 to $2,495.

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 $825 to $2,495 with an average monthly rent of $1,692.

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

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis article

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.

decorative image for St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting article

St. Louis Living: Your Local Experts 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.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.