Cheap Apartments for Rent in the St. Louis Place Neighborhood of St. Louis, MO from $400 (134 Rentals)

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

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.

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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.

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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.

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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.

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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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St. Louis Place, St. Louis, MO Local Guide

Cheapest Available St. Louis Place Apartments for Rent

 

The cheapest available apartment rental in the St. Louis Place area of St. Louis, MO is a 1 Bed unit found at The Railton Apartments priced from $447. The Towers at Gateway City has the second lowest priced unit, which is a Studio apartment currently listed from $515. Here are the most affordable St. Louis Place apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$447
The Towers at Gateway CityStudioStudio,1BA$515
Collins Terrace Apartments1 Bedroom Large1BR,1BA$679
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$680
IconPrivate Bedroom4BR,2BA$725
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$765
Downtowner ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in St. Louis Place, MO

As of June 23, 2026 the best value apartment in the St. Louis Place area is the $0.94 price per square foot 1101 Lucas Ave Model at 1101 Lucas Ave, Unit #200 in the in the Lafayette Square neighborhood starting from $3,100. The second greatest value St. Louis Place apartment is the Two Bedroom Model at Pointe 400 Apartments starting at $1,602 with a $0.57 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for St. Louis Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1101 Lucas Ave, Unit #2001101 Lucas Ave1BR,1BA$0.94
Pointe 400 ApartmentsTwo Bedroom2BR,2BA$0.57
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
2026 E Adelaide Ave, Unit Downstairs2026 E Adelaide Ave2BR,1BA$0.83
2030 E Fair Ave, Unit Fair ave2030 E Fair Ave2BR,1BA$0.50
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
College Hill Apartments2 Bedroom2BR,1.5BA$0.95
College Hill ApartmentsTownhome2BR,1.5BA$0.95
1527 E Grand Blvd2 bed2BR,1.5BA$0.88
4119 Carter Ave, Unit 4119 West Carter4119 Carter Ave1BR,1BA$0.96

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

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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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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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Best Local Schools in
St. Louis Place, St. Louis, MO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Missouri, including 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 the best outdoor access, transit availability, pet-friendly communities, family-friendly amenities, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap St. Louis Place Apartments

What is a cheap apartment in St. Louis Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Louis Place is under $775.

What is the price of a cheap apartment in St. Louis Place?

The cheapest apartment in St. Louis Place is The Railton Apartments which is listed at $447, while the average apartment in St. Louis Place costs $2,305.

What types of apartments are the cheapest in St. Louis Place?

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 234 regular apartments in St. Louis Place 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 St. Louis Place?

Cheap apartments in St. Louis Place have an average cost of $738 which is $1,567 cheaper than the average rent for all rentals in St. Louis Place.

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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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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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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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.

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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.