
Cheap Homes for Rent in Peabody Neighborhood of St. Louis, MO from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Peabody area of St. Louis.


2317 Indiana Ave

1722 Waverly Pl

2419 S 10th St

1857 S 9th St
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.

917 Geyer Ave

1911 Sidney St

314 N Broadway

2725 Allen Ave

2825 Hickory St
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

How much does it cost to rent a home in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody 2 Bedroom Homes for Rent | $1,396 | $1,095 | $1,895 |
| Peabody 3 Bedroom Homes for Rent | $2,304 | $1,895 | $2,925 |
| Peabody 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 | Market | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 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 |
| Storyboard on Pine | Pine B3 | 2BR,2BA | $1.23 |
| 1500 Menard Apartments | 1BR/1.0BA | 1BR,1BA | $1.17 |
| The Lofts at OPOP | A2 | 1BR,1BA | $1.50 |
| The Tower at OPOP | Studio | 1BR,1BA | $1.54 |
| 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 #43
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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!