Cheap Apartments for Rent in St. Louis, MO from $300 (846 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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744 Walton Ave
$750
Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750
1 to 2 Bedroom Apartment Available Now

744 Walton Ave

744 Walton AveSt. Louis, MO 63108
Affordability
property at 3954 Dover Pl

$695 - $750

1 Bedroom Rentals

Available Now

3954 Dover Pl

St. LouisMO63116

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, MO Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in St. Louis, MO

Pricing Updated: 06/24/2026

Current apartment rentals in the St. Louis, MO area range in price from $200 to $8,681 with an overall median price of $3,096. The three St. Louis neighborhoods with the lowest median rent pricing are Greater Ville at $750, Bevo Mill at $695, and Near North Riverfront at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for St. Louis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Greater Ville$889$7506
Bevo Mill$950$69519
Near North Riverfront$970$60013
Willow Walk$1,000$8007
Mark Twain$1,000$60030
Walnut Park$1,050$1,0501
College Hill$1,077$60027
Dellwood$1,105$67448
Baden$1,120$69922
Bellefontaine$1,162$525364

Cheapest Available St. Louis Apartments for Rent

 

The cheapest available apartment rental in St. Louis, MO is a 1 Bed unit found at Alexian Court in the Lasalle neighborhood priced from $200. The Railton Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $447. Here is today’s list of the most affordable St. Louis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Alexian CourtStudio, 1 bath1BR,1BA$200
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$447
Aboussie PavilionOne Bedroom1BR,1BA$499
The Towers at Gateway CityStudioStudio,1BA$515
Trinity Park1 bedroom, 1 bathroom1BR,1BA$525
Fox Grove Management Office2x12BR,1BA$550
The Saum & Hutcheson ArmsSaum Unrenovated StudioStudio,1BA$650
Montecito1 Bedroom1BR,1BA$650
Bilava Village1BD/1BA1BR,1BA$675

Best Value Apartments for Rent in St. Louis, MO

As of June 24, 2026 the best value apartment in the St. Louis area is the $0.64 price per square foot single family home Model at 14 Parkland Pl in the in the Lewis Place neighborhood starting from $1,800. The second greatest value St. Louis apartment is the 2 Bedroom Townhome Model at Seven Hills Forest Condominiums starting at $1,300 with a $0.54 price per square foot in the Florissant Old Town neighborhood. Here is today’s list of the best values for St. Louis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
14 Parkland Plsingle family home5BR,3BA$0.64
Seven Hills Forest Condominiums2 Bedroom Townhome2BR,2.5BA$0.54
3808 Meramec St, Unit #23808 Meramec St2BR,1BA$0.61
Woodknoll Townhomes2BR/1.5BA2BR,1.5BA$0.66
4626 Enright Ave4626 Enright Ave2BR,1BA$0.73
2137 Geyer Ave, Unit A2137 Geyer Ave2BR,1BA$0.73
2102 Chippewa St, Unit 12102 Chippewa St1BR,1BA$0.65
2030 E Fair Ave, Unit Fair ave2030 E Fair Ave2BR,1BA$0.50
Fox Grove Management Office4x24BR,2BA$0.74
Alexian CourtStudio, 1 bathStudio ,1BA$0.33

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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St. Louis Overview

The St. Louis area is a great place to live in the Midwest, thanks mostly in part to its central location and the fact that there is so much to do for a city of its size. Compared to most other US cities, the cost of living in St. Louis is relatively affordable and there are options for great housing in homes or apartments in St. Louis for just about any budget.

Why live in St. Louis, MO?

The variety of activities in the city and surrounding area makes St. Louis a great place for singles, as well as those with a family. Some of the elementary and high schools in the city are among the best in the nation, while the city boasts two major universities: Washington University and Saint Louis University for higher education. You get a sense of a small-town atmosphere with big city amenities almost anywhere in the city.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore St. Louis, MO Rentals by Map

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Frequently Asked Questions about Cheap St. Louis Apartments

What is a cheap apartment in St. Louis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Louis is under $675.

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

The cheapest apartment in St. Louis is Alexian Court which is listed at $200, while the average apartment in St. Louis costs $3,096.

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

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 11,545 regular apartments in St. Louis 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?

Cheap apartments in St. Louis have an average cost of $625 which is $2,471 cheaper than the average rent for all rentals in St. Louis.

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.