Average Rent in St. Louis, MO: $1,218/mo

About Rent Prices in St. Louis, MO

St. Louis offers one of the most affordable major city experiences in America, with strong cultural institutions, historic neighborhoods, and Midwest friendliness. The Gateway Arch symbolizes the city's historic importance, while today's economy focuses on healthcare, manufacturing, and financial services.

The fair market rent (FMR) in St. Louis, MO represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2026, the median rent for a 2-bedroom apartment is $1,218 per month.

Rent by Apartment Size in St. Louis, MO

The St. Louis Rental Market

St. Louis has an extremely renter-friendly market with low prices and good availability. Missouri has no rent control. The city's population decline has kept rental prices stable while maintaining urban infrastructure. Landlords typically require proof of income at 2-3x monthly rent, often with more flexibility than expensive markets.

Neighborhoods in St. Louis

The Central West End, Lafayette Square, and Soulard command the highest rents while remaining affordable by national standards. The Grove offers nightlife. Tower Grove areas attract young professionals. More affordable neighborhoods include South City, North City, and suburbs like Florissant and University City. Many historic neighborhoods offer character at low rents.

Renter's Guide to St. Louis

St. Louis has unique cuisine including toasted ravioli and St. Louis-style pizza. Summer is hot and humid. Winter can be cold with ice storms. Crime varies significantly by neighborhood - research carefully. The Metrolink light rail connects to Illinois. Many historic buildings offer character but check condition. Start searching 3-4 weeks before moving.

Cost of Living Considerations

St. Louis offers exceptional value with very low cost of living. Missouri has state income tax but overall expenses are minimal. Car ownership is helpful though public transit exists. Utilities are moderate. Food and entertainment are very affordable. The city maintains major league sports, excellent museums, and cultural institutions despite low costs.

Rental Market Trends in St. Louis

Understanding recent trends helps renters time their apartment search effectively. The St. Louis, MOrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in St. Louis affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in St. Louis?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In St. Louis, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. St. Louis's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in St. Louis