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Apartments for Rent in Saint Louis, MO under $500 – 24 Rentals available

St. Louis’s average rent reached $979 in April

St. Louis’s average rent reached $979 in April, after a 1.9% increase since last year. A major midwestern job hub and a renter majority city (52%), St. Louis is a desirable place to live and work in, with apartment prices below the national average of $1,417. [View Full Report]

Saint Louis apartment rent report

St. Louis’s average rent was $979 in April

St. Louis’s average rent reached $979 in April, after a 1.9% increase since last year. A major midwestern job hub and a renter majority city (52%), St. Louis is a desirable place to live and work in, with apartment prices below the national average of $1,417.

The average rent for an apartment in St. Louis rose slower than in other surrounding cities, such as St. Charles ($1,041), where prices went up by 4.6%. Meanwhile, apartment rates in O'Fallon increased by 5.8%, reaching a $1,132 average.

St. Louis apartment rent report

What it costs to rent in the largest renter hubs in the St. Louis area

St. Ann, the city with the largest renter share (44%) after St. Louis itself, has a $783 average rent, after an 8.4% increase. Maryland Heights comes in third, with a 42% renter share and an $966 average apartment price (up by 0.5% since last year).

Hazelwood and its 39% share of tenants follows, with apartments going for $813 after a 6% yearly increase. Last but not least, Florissant's 35% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $835 in April, going up by 5.6% in the past year. 

The priciest and cheapest cities for renters in the St. Louis area

Chesterfield is the priciest city for renters in the St. Louis area, with apartments renting for $1,275 per month. Creve Coeur’s $1,191 rate is the second most expensive, while apartments in St. Peters ($1,181) come in third.

For renters in search of budget-friendly apartments, St. Ann's $783 average rent is the cheapest in the St. Louis area, followed by Hazelwood's $813 rate. Florissant rentals are the third least pricey on the list, with a $835 average rent as of April.

St. Louis apartment rents in popular ZIP codes for renters

Among St. Louis's most popular renter ZIP codes, 63108 has a $1,329 average rent, above the city average ($979). At the same time, rentals in ZIP 63146 go for $1,059, while prices in ZIP 63129 circle around $809. Apartment rents in ZIP 63103 clock in at around $951, lower than the St. Louis average, while rates in ZIP 63123 average at $814.

Check out how average rents evolved across the St. Louis area

St. Louis apartment rent report


RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Renter's Guide to St. Louis

St. Louis, Missouri is the second-largest city in Missouri, about the same size as Cincinnati, Ohio.  About equidistant from Chicago, Indianapolis, Kansas City and Nashville, St. Louis is located at four hours’ drive from these cities. Nicknamed the Gateway to the West, the city is known worldwide for the iconic Gateway Arch that commemorates the westward expansion of the US through the 1803 Louisiana Purchase. Today, the city is one of the Best Cities for Hockey Fans according to a WalletHub report, and is also home to the St. Louis Cardinals MLB team.

St. Louis was ranked as one of the top cities for college graduates based on the number of job opportunities, things to do and quality of life in general.

St. Louis boasts the second largest amount of free visitor attractions in the continental U.S.—outran only by Washington, D.C.—, making it very welcoming for family vacationers and adventurers on a budget.

In the summer, the temperature reaches a high average of 89ºF with high humidity levels and no dry season. In the winter, the temperature reaches a low average of 21ºF with the lowest amount of rainfall for the city averaging 2.14 inches.

Saint Louis, MO Demographics

  • Total Population911,262
  • Female 433,319
    Male 477,942
  • Median Age35.7

Cost of Living in St. Louis, MO

A regular bus fare in St. Louis costs $2.00 for an adult, while children under the age of 5 ride free with a fare-paying adult. Reduced fares are offered (proof may be requested) for children between the ages of 5 and 12, for seniors aged 65+, and for customers with disabilities.

St. Louis offers both a bus system and a metro transit system, helping the city to reach a below-average commute time of about 23 minutes.

St. Louis County & Yellow Cab offers over 250 taxicabs, and there are several other taxi services in the city, making it moderately easy to find a cab in the city.

Hungry? Prices for a meal for two at mid-range restaurants in St. Louis range between $35 and $65 and average out at about $50, while a regular cappuccino costs $3.75 on average.

For the utilities in a 915-square-foot apartment, St. Louis residents pay around $144, which is slightly lower than the national average of $147.

Average Rent in Saint Louis, MO

  • Saint Louis, MO Average Rental Price, May 2021 $987 /mo

Saint Louis, MO Apartment Rent Ranges

  • < $5001%
  • $501-$70022%
  • $701-$1,00044%
  • $1,001-$1,50023%
  • $1,501-$2,0006%
  • > $2,0004%

Saint Louis, MO Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Saint Louis, MO $887 $906 $912 $928 $942 $955 $956 $963 $961 $968 $987
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428

Living in Saint Louis

Despite the large percentage of middle-aged inhabitants, the St. Louis nightlife offers plenty of options that cater to the young population, mainly for those in their twenties. Finally, the general cost of living is lower than in many other places in the state and elsewhere, making it easy to enjoy the city on a budget.

However, there are also a few disadvantages of living in St. Louis. St. Louis ranked as one of the worst cities to raise a family due to poorly performing public schools and the small number of children under the age of eighteen living in the city.

St. Louis’ job growth lags other U.S. cities despite 2016 being its best year in this regard since 2006, and its reputation as a good place for college graduates to settle.

Although the number of crimes in St. Louis has been on a slow decline since 2011, the city has consistently been named one of the most dangerous cities in the U.S. due to its above-average crime rates both in the city and in the wider metropolitan area.

Things to do in St. Louis

New residents will find a lot of interesting and unique things to do in St. Louis. One of the first things you should do is to check out the St. Louis Gateway Arch—built as a memorial to President Thomas Jefferson, the Louisiana Purchase and Lewis and Clark’s historic expedition.

The St. Louis Zoo is always a great place to go for a Sunday outing. Named one of the nation’s best zoological parks, it showcases more than 18,000 wild animals.

You will never tire of the number of museums in the city either. For example, if you are a dog lover, be sure to also check out the St. Louis Museum of the Dog, the world’s only museum that is dedicated exclusively to man’s best friend.

Sports activities abound in St. Louis too. Going to a ball game in St. Louis is more than just going to Busch Stadium and see the Cardinals play.  You can grab a drink before the game at the first-of-its-kind Ballpark Village just north of the stadium, then get settled in the 47,000-seat stadium for an enjoyable night of baseball.

Visiting the historic Union Station is another truly unique St. Louis experience—after ceasing railroad operations, the station reopened in 1985 as one of St. Louis’ best places to eat, drink, and shop.

Some of the biggest annual events in St. Louis include The Loop Ice Carnival, the St. Louis Earth Day Festival, and the St. Louis Brewers Heritage Festival.

Bringing the family to Carondelet Park, Tower Grove Park, Forest Park, Longview Farm, or Downtown’s Citygarden Park in are some of the best things to do with kids in St. Louis.

Employment & Economy in Saint Louis

St. Louis is home to 19 Fortune 1000 companies, including the brewing company Anheuser-Busch Companies, Inc., and the original location of Panera Bread (known there as the St. Louis Bread Co.) - one of the city’s three fastest-growing national companies. St. Louis is also active in the manufacturing sector as well as the base for numerous national insurance and brokerage firms.

Saint Louis, MO Households

  • Total Number of Households394,996
  • Family 217,920
    Non-family 177,076
  • Children 102,116
    No Children 292,880
  • Average People Per Household2.32
  • Median Household Income$48,654
  • Median Housing Costs Per Month$942

Top Colleges in St. Louis

Continuing your education will not be a problem when living in St. Louis.

St. Louis University, the oldest university west of the Mississippi, is located on the Mississippi Riverfront. Other top St. Louis schools include Washington University, University of Missouri-St. Louis, and Webster University.

Saint Louis, MO Education Statistics

  • No High School3%
  • Some High School36%
  • Some College29%
  • Associate Degree8%
  • Bachelor Degree25%

Tips for Renting in St Louis

If you are looking to move to St. Louis from Chicago, one of the first things you will notice is the amount of space.  The population density, even downtown, is much lower. Moving to St. Louis from New York or California, you will notice that life runs at a much slower pace on the banks of the Mississippi River.

In St. Louis, landlords are required to give at least a 60-day notice to terminate the tenancy of a year-to-year leasing contract. Similarly, month-to-month leases require written notice at least one month prior.

If the lease has been violated in any way, however, St. Louis landlords are permitted to give notice as late as only ten days before the move-out day.

Renting apartments in Saint Louis, MO under $500

Searching for apartments for rent in Saint Louis, MO under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Saint Louis, MO, where the average rent is $512 per month, there are 24 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Saint Louis, MO. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Saint Louis, MO going for $418 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!