Cheap Apartments for Rent in the Downtown Saint Louis Neighborhood of Saint Louis, MO from $400 (278 Rentals)

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

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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Downtown Saint Louis, St. Louis, MO Local Guide

Cheapest Available Downtown Saint Louis Apartments for Rent

 

The cheapest available apartment rental in the Downtown Saint Louis area of St. Louis, MO is a 1 Bed unit found at The Railton Apartments priced from $418. Coronado Place and Towers has the second lowest priced unit, which is a 3 Beds apartment currently listed from $455. Here are the most affordable Downtown Saint Louis apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$418
Coronado Place and TowersThe Scott3BR,1BA$455
Fox Grove Management Office2x12BR,1BA$550
The Towers at Gateway CityStudioStudio,1BA$550
City Parc at Pine Senior LivingstudioStudio,1BA$602
The Regency at Saint LouisStudioStudio,1BA$649
Winston Churchill Apartments1 Bedroom1BR,1BA$678
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$680
Forest Park ApartmentsThe Cardinal1BR,1BA$689

Best Value Apartments for Rent in Downtown Saint Louis, MO

As of November 29, 2025 the best value apartment in the Downtown Saint Louis area is the $0.80 price per square foot 2 Bedroom 2 Bath Model at Roberts Galerie Lofts in the in the Lafayette Square neighborhood starting from $1,500. The second greatest value Downtown Saint Louis apartment is the 4-Bed Model at King's Court starting at $1,300 with a $0.87 price per square foot in the Wells neighborhood. Here is today’s list of the best values for Downtown Saint Louis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
King's Court4-Bed4BR,4BA$0.87
Fox Grove Management Office4x24BR,2BA$0.74
Majestic Stove Lofts1 Bedroom Market1BR,1BA$0.99
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.95
College Hill Apartments2 Bedroom Townhouse2BR,1.5BA$0.93
The Tudor Building1 Bedroom, 1 Bath1BR,1BA$0.96
Coronado Place and TowersThe Platinum2BR,2BA$0.76
4119 Carter Ave, Unit 4119 West Carter4119 Carter Ave1BR,1BA$0.96
The Railton ApartmentsOne Bedroom Apartment1BR,1BA$0.89

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
Downtown Saint Louis, Saint Louis, MO

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Saint Louis, Saint Louis, MO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Downtown Saint Louis, Saint Louis, and the greater St. Louis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Saint Louis Apartments

What is a cheap apartment in Downtown Saint Louis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Saint Louis is under $689.

What is the price of a cheap apartment in Downtown Saint Louis?

The cheapest apartment in Downtown Saint Louis is The Railton Apartments which is listed at $418, while the average apartment in Downtown Saint Louis costs $4,961.

What types of apartments are the cheapest in Downtown Saint 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 426 regular apartments in Downtown Saint 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 Downtown Saint Louis?

Cheap apartments in Downtown Saint Louis have an average cost of $787 which is $4,174 cheaper than the average rent for all rentals in Downtown Saint Louis.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.