Looking for an apartment in St. Louis, MO, is key for many, focusing on both affordability and a good life. As of July 2024, renting in St. Louis averages at $1,074 monthly. This cost is quite a bit less than the U.S. average, which is $1,535 monthly rent1. Thus, St. Louis stands as an affordable option among U.S. cities.
Last year, rent in St. Louis went up slightly, by about $11 each month. This is a 1% increase1. Now, studio apartments cost about $988, one-bedrooms are $1,074, and two-bedrooms are $1,297. Renters see a wide price range2. Apartments, averaging 687 square feet, offer good space for what you pay1.
Key Takeaways
- The average rent in St. Louis is $1,074 per month1.
- Rentals in St. Louis are 30% lower than the national average of $1,5351.
- Rent for studio apartments averages $988 per month1.
- A year's rental cost increase is noted at 1%, approximately $11 more per month1.
- The typical apartment size in St. Louis is about 687 square feet1.
- St. Louis rental market remains affordable compared to other large cities1.
Overview of Average Rent in St. Louis, MO
St. Louis, MO, offers a blend of unique opportunities for renters. Its rental rates are much lower than in many U.S. cities. This means living in St. Louis costs less.
Current Average Rent
The latest data shows St. Louis's median rent is $1,111. It slightly went up by 0.6% last month but dropped 1.4% since last year. This makes St. Louis the 88th priciest big city in the U.S. for renters3. A lot of the rents range from $1,001 to $1,500 a month. This is good news for the city's housing market1.
Comparison to National Average
Compared to the rest of the nation, St. Louis is a lot cheaper. It's 21.3% less expensive than the national average2. The city is not just affordable - it offers great culture and fun activities. It's perfect for individuals and families. Rent grew by 4.0% for 2024, which is a better increase than last year. St. Louis is keeping up well on a national level3.
If you're interested in more details, check out this full report on St. Louis's rental trends3.
Rental Price Breakdown by Apartment Size
Looking for a place to live in St. Louis, MO, means exploring different apartment sizes. It's vital to know how much studio, one-bedroom, two-bedroom, and three-bedroom apartments cost. This knowledge helps renters make informed choices.
Studio Apartments
In St. Louis, studio apartments offer a cozy 546 sq ft of living space. On average, you'll pay about $988 a month1. These apartments work well for those who want a budget-friendly option but still need comforts like laundry and AC4. You can find more about studios on Zumper.
One-Bedroom Apartments
A one-bedroom in St. Louis costs around $1,074 each month1. They are perfect for singles or couples looking for a little more room. Extras like a balcony and garage parking make living here better4.
Two-Bedroom Apartments
If you need more space, consider a two-bedroom in St. Louis. The rent averages $1,297 a month1. With room for small families or roommates, these apartments often have gyms and pools. They combine space with handy amenities4.
Three-Bedroom Apartments
Three-bedroom apartments start at around $1,553 monthly1. They're great for larger families or groups. Features often include extra bathrooms and top-notch services like furnished options and package handling4.
To discover all the rental choices St. Louis has to offer, visit Zumper.
Yearly Trends in Rental Prices
The study of rental prices yearly shows how the St. Louis housing market changes. The city's rent prices have been rising slowly but constantly. This is important for people already living there and those thinking of moving in.
Year-Over-Year Rent Increase
In St. Louis, rent prices have been going up gently but steadily. Over the last year, they increased by 4.0%, which was faster than the year before2. The median rent now is $1,111. This rise is faster than in many other places, showing a stronger market in St. Louis2.
Historical Rent Data
Looking at St. Louis's past rental costs, we see different trends. In 2019, the median monthly rent was $883, and the average was slightly higher at $9085. There was a small drop of 0.90% from the year before5. But recently, rent prices went up by 1% from the past year1. These shifts highlight the ups and downs in St. Louis's housing scene. Rent in St. Louis is usually in line with other cities of its size but below the national average.
The data on past rents and the recent yearly increase help us see the trends in St. Louis's housing. This info is crucial for predicting future rent costs.
Affordable Neighborhoods in St. Louis, MO
Looking for a good deal on rent in St. Louis? Check out Carr Square, Mehlville, and Visitation Park. These areas have some of the lowest rents in the city. Yet, they still offer the perks of city life.
Carr Square
In Carr Square, you can find rentals that won't break the bank. It's cheaper than many other parts of St. Louis. This makes it a popular choice.
Mehlville
Mehlville is great if you want affordability without losing key amenities. It hits the sweet spot between cost and convenience. That's why it's a favorite among renters.
Visitation Park
Visitation Park is perfect for those watching their wallets. It's not just affordable. It also has a vibrant cultural scene and a strong sense of community. For more on affordable spots in St. Louis, check out this detailed guide to the city's safe, budget-friendly neighborhoods6.
Expensive Neighborhoods in St. Louis, MO
Some neighborhoods in St. Louis stand out for their luxury. They offer high living standards and an exclusive feel.
Ladue
Ladue is top-notch for Ladue luxury rentals. Average rents are about $2,120 a month here7. It's not just a place to live; it's a lifestyle of elegance and ease.
The area is famous for its beautiful, well-kept homes and rich atmosphere. It's a prime spot for people who want the best.
Concord
Concord is another prized area in St. Louis. It's known for its quiet setting and top-notch amenities. Concord high-end apartments go for around $1,901 monthly on average7.
Living here means enjoying quiet suburbia close to city benefits. It's perfect for those seeking a balanced life.
Mid County
Mid County upscale housing strikes a balance. It offers luxury without the city's noise. It's becoming a favorite among renters who want the best of both worlds.
Mid County has a variety of housing options. They are designed for those who value comfort and style.
Rent Ranges in St. Louis, MO
The rent in St. Louis, MO, offers a wide range. It fits many budgets.
Majority Rent Ranges
Most rentals in St. Louis cost between $1,001 and $1,5001. This price range holds 30% of all rentals2. The median rent in the city is $1,111 each month2.
Distribution by Price Range
Rent prices in St. Louis show the city's housing affordability. Around 22% of homes rent for under $700 a month1. Rentals between $700 and $1,000 make up 29% of the market1.
Homes priced from $1,501 to $2,000 account for 14%1. Only 4% are over $2,0001. These numbers reveal the cost of apartments across different areas.
Comparing St. Louis to Nearby Cities
Looking at St. Louis and nearby cities, we see that living costs vary a lot. St. Louis's cost of living is 12% below the U.S. average. This city offers cheaper goods and services, health care, and especially housing. Savings in transportation and utilities also stand out, making it an affordable choice.
Cost of Living Comparison
St. Louis is more budget-friendly than nearby cities. While Chesterfield has rents at $1,498, and Kirkwood's are $1,395, Florissant's are much lower at $857. St. Louis beats them with an average rent of $1,029, a great deal compared to St. Charles's $1,5988.
Commute times matter too. Chesterfield and Ballwin residents face 30-minute commutes to St. Louis. Kirkwood and Maryland Heights are closer, only 20 minutes away8. This shows the importance of considering both time and cost in choosing where to live and work.
Rental Price Comparison
Rents differ greatly across the region. Clayton's average rent is $900, surprising given its high median home sale price of $960,0008. Florissant is on the opposite end, offering affordable living with a median house price of $180,000 and rent at $857, highlighting its value8.
Different cities cater to various needs. Chesterfield is great for those in healthcare, with rents at $1,4988. St. Charles and Webster Groves offer unique vibes, with rents at $1,598 and $1,429, respectively. Considering the area's unique qualities is key in finding the right fit for your lifestyle and career.
Factors Affecting Rental Prices in St. Louis
Rental prices in St. Louis are shaped by many factors. This includes economic conditions and how many houses are available. Together, they adjust how much people pay for rent.
Local Economy and Job Market
The city's economic health majorly affects rental prices. The average family earns $66,417 a year. And the income per person is about $37,365. This shows how much people can spend9. The city's economy has grown 23% over the last ten years, hitting $171.5 billion9. With a low unemployment rate of 3.2%, jobs in manufacturing, construction, and leisure are boosting. This helps more people look for places to rent9.
Housing Supply and Demand
The rental prices in St. Louis connect closely with housing demand. Currently, the average rent is $1,22510. With a 7.5% vacancy rate, finding a place can be competitive10. More than half of the homes in the city are rented, showing it's a popular choice9. The price-to-rent ratio of 21.32 helps both renters and owners make decisions10. With growing demand, the housing supply is still trying to keep up.
Finding Rental Apartments in St. Louis
Finding a rental apartment in St. Louis, MO, is easier with the right help. Property management companies like Balke Brown Transwestern and Mills Properties make the search straightforward. Balke Brown Transwestern oversees 48 communities with 8,442 units. Mills Properties has 32 communities with 9,092 units1. These firms ensure the apartments are well-maintained and properly managed.
Popular Property Management Companies
In the city, firms like Balke Brown Transwestern and Mills Properties offer many rental choices. Monarch Investment and Management Group manages a huge 299 communities with 72,217 units1. These companies do more than list rentals. They offer services that make finding the perfect apartment easier.
Rental Listings and Tools
Starting your rental search in St. Louis? Use advanced tools for help. Realtor.com has listings, virtual tours, and neighborhood info. These resources help at every step, from searching to signing your lease. With filters and maps, you'll find an apartment that matches your needs and budget.
FAQ
What is the average rent in St. Louis, MO?
The average rent in St. Louis, MO, as of July 2024, is $1,074 a month. That's much less than the US average, which is $1,535 monthly.
How does St. Louis's rental cost compare to the national average?
St. Louis is around 30% cheaper than the US average. This makes it a budget-friendly place for renters.
What are the current average rents for different apartment sizes in St. Louis?
Studios in St. Louis go for about $988. One-bedroom apartments are $1,074, two-bedrooms $1,297, and three-bedrooms start at $1,553.
What has been the trend in rental prices in St. Louis over the past year?
Last year, St. Louis rents went up by roughly $11. That's a small increase of about 1%.
What are some of the most affordable neighborhoods in St. Louis, MO?
Carr Square, Mehlville, and Visitation Park are among the cheapest areas. They offer the lowest rental rates in St. Louis.
Which neighborhoods in St. Louis are known for higher rental prices?
Ladue, Concord, and Mid County are pricier neighborhoods. Rent in Ladue is around $2,120, and Concord is about $1,901 monthly.
What is the typical range for rent prices in St. Louis?
Most rents in St. Louis range from $1,001 to $1,500. About 22% are under $700. Meanwhile, 29% fall between $700 and $1,000. Then, 14% are between $1,501 to $2,000. Only about 4% go over $2,000.
How does the cost of living in St. Louis compare to nearby cities?
Living in St. Louis is 12% cheaper than the national average. You save on goods and services (10%), groceries (3%), health (12%), housing (24%), transport (7%), and utilities (3%).
What factors influence rental prices in St. Louis?
Rent prices in St. Louis depend on the local economy and job scene. Supply and demand, along with market trends, also play a part.
How can renters find apartments in St. Louis?
Future tenants should check out Balke Brown Transwestern, Mills Properties, and Keeley Properties. Online listings offer even more choices for finding the right apartment.
Source Links
- Average Rent in Saint Louis, MO - Latest Rent Prices by Neighborhood - https://www.apartments.com/rent-market-trends/saint-louis-mo/
- Average Rent in St. Louis, MO & Rent Price Trends - https://www.apartmentlist.com/rent-report/mo/st-louis
- Apartments for Rent in St Louis, MO - https://www.rentable.co/st-louis-mo
- Apartments for Rent in St. Louis, MO - 583 Condos & Other Rentals | Zumper - https://www.zumper.com/apartments-for-rent/st-louis-mo
- Residential Rent Statistics for St Louis Missouri - https://www.deptofnumbers.com/rent/missouri/st-louis/
- Tower Grove Heights Apartments for Rent | St Louis, MO - https://www.rentable.co/st-louis-mo/neighborhoods/tower-grove-heights
- 4 Most Expensive Neighborhoods in St. Louis to Rent in 2024 - https://www.apartmentguide.com/blog/most-expensive-neighborhoods-st-louis-mo/
- Top 10 Cities Near St. Louis, MO to Buy or Rent Your Next Home - https://www.redfin.com/blog/cities-near-st-louis-mo/
- St. Louis Housing Market: Stats and Trends - https://www.evernest.co/blog/st-louis-housing-market-stats-and-trends
- St. Louis Real Estate Market Overview - 2024 - https://www.steadily.com/blog/st-louis-real-estate-market
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