Apartments for Rent in Saint Louis, MO under $500 – 25 Rentals available
St. Louis’s average rent reached $969 in January
St. Louis’s average rent reached $969 in January after a 1.3% increase since last year. One of Missouri’s largest job hubs and a renter majority city (52%) St. Louis is desirable place to live and work in, with apartment prices below the national average of $1,392. [View Full Report]
St. Louis’s average rent was $969 in January
St. Louis’s average rent reached $969 in January after a 1.3% increase since last year. One of Missouri’s largest job hubs and a renter majority city (52%) St. Louis is desirable place to live and work in, with apartment prices below the national average of $1,392.
The average rent for an apartment in St. Louis increased since last year. In St. Charles apartments go for $1,019 after a 3.2% increase, and in O'Fallon, rent went up 5.3% reaching $1,123.
What it costs to rent in the largest renter hubs in the St. Louis area
The city with the largest renter share is St. Louis (52%), followed by St. Ann, where there are 44% renters. In St. Ann, apartment rents increased by 8.4% since last year, reaching $760. Maryland Heights has the third largest share of renters (42%) and has experienced a rent increase of 2.5% in the last year. reaching $988. Hazelwood, with an average rent of $788, has the fourth largest share of renters (39%) and has experienced a rent increase of 3.4% since January 2020. In Florissant, where 35% of the population are renters, the average rent is $811, seeing an increase of 4.8% compared to the past year.
The priciest and cheapest cities for renters in the St. Louis area
Chesterfield is the priciest city for renters in the Pittsburgh area, with apartments renting for $1,245 per month. The average rent for apartments in Creve Coeur is $1,232, the second most expensive, while O'Fallon ($1,123) comes in third.
For renters in search of budget-friendly apartments, St. Ann's $760 average rent is the cheapest in the St. Louis area, followed by Hazelwood's $788 rate. Florissant rentals are the third least pricey on the list, with a $811 average apartment rate.
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.
Saint Louis, MO Demographics
- Total Population911,262
Female 433,319Male 477,942
- Median Age35.7
Average Rent in Saint Louis, MO
- Saint Louis, MO Average Rental Price, December 2020 $967 /mo
Saint Louis, MO Apartment Rent Ranges
- < $5001%
- > $2,0003%
Saint Louis, MO Rent Trends
|Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Dec / 2020|
Saint Louis, MO Households
- Total Number of Households394,996
Family 217,920Non-family 177,076
Children 102,116No Children 292,880
- Average People Per Household2.32
- Median Household Income$48,654
- Median Housing Costs Per Month$942
Saint Louis, MO Education Statistics
- No High School3%
- Some High School36%
- Some College29%
- Associate Degree8%
- Bachelor Degree25%
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 $496 per month, there are 25 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.