Apartments Under $500 in St Louis, MO

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Apartments Under $500 in St Louis, MO

Search and browse 7575 apartments under $500 available for rent in St Louis, MO. With apartments that span the entire city, you will find an apartment in St Louis for just the right price. During your search, sort your favorite apartments under $500 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new St Louis apartment before you know it.

St Louis:
August Rent Report

Welcome to the August 2020 St Louis Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 key findings and figures for the St Louis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in St Louis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of St Louis rent prices in the chart below.

Monthly Rent Report

St Louis Rent Prices Increase From July to August

St Louis rent prices increased over the last month. From July to August, the city experienced a 3.51% increase for the price of a one-bedroom apartment. The rent price for a St Louis one-bedroom apartments currently stands at $1,031.0.

When we take a look at the two-bedroom comparison from July to August, St Louis experienced a 3.24% increase for the price of a two-bedroom apartment. The rent price for a St Louis two-bedroom apartments currently stands at $1,148.0.

August Prices: St Louis vs. Surrounding Areas

Rent Prices in St Louis and Surrounding Areas

Rent prices have increased in St Louis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the St Louis suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Edwardsville, IL .

  • Rent decreased in St Charles, MO, St Peters, MO, Oakland, MO, Chesterfield, MO, Maryland Heights, MO, O'Fallon, IL.

  • 4 suburbs are currently priced higher than the city of St Louis.

  • 3 suburbs are currently priced lower than the city of St Louis.

August 2020 Pricing Trends: St Louis vs. National Comparisons

St Louis Rent Prices More Affordable Than Major Cities

Rent growth in St Louis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, St Louis rent prices appear to be relatively affordable for local residents.

The price for a St Louis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.

For more information about St Louis and surrounding area rent prices, take a look at the complete data set below.

Data set for St Louis and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
St Louis, MO $996.0 5.06% $1,112.0 5.30%
Edwardsville, IL $1,358.0 0.15% $1,642.0 -0.42%
St Charles, MO $910.0 -1.30% $1,116.0 -3.04%
St Peters, MO $1,345.0 -0.30% $1,735.0 0.58%
Oakland, MO $1,950.0 0.00% $2,350.0 5.48%
Chesterfield, MO $949.0 -0.32% $1,161.0 0.52%
Maryland Heights, MO $859.0 -3.38% $1,096.0 -1.79%
O'Fallon, IL $1,448.0 -0.07% $975.0 -0.92%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.