Average rent in St. Louis

Average rent in St. Louis,MO

Over the past few years, the average rent in St. Louis, MO has seen a steady increase.
In 2023, the average rent is expected to reach an all-time high of $1,400 per month. This represents a significant rise from previous years, where the average rent was $1,100 in 2019 and $1,250 in 2021. Despite this increase, St. Louis remains a relatively affordable city to live in when compared to other major metropolitan areas in the US. However, this rise in rent prices may impact those with lower-income levels living in the city, highlighting the importance of affordable housing initiatives to ensure that all residents have access to adequate living conditions.

Average rent in St. Louis,MO for 1-bedroom

The average rent for a 1-bedroom apartment in St. Louis, MO has increased significantly over the years. In 2023, the average rent is predicted to be $1,200 per month, which is an increase of $300 compared to 2018. Furthermore, from 2018 to 2023, the average monthly rent has steadily increased by $60 each year. In fact, just last year in 2022, the average rent was $1,140 per month. It’s clear that renting in St. Louis has become more expensive over time, making it more important for individuals to carefully consider their options when looking for housing.

Average rent in St. Louis,MO for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in St. Louis, MO is projected to be $1,400. This represents a significant increase from the previous year, where the average rent was $1,050. Additionally, the average rent in 2023 is expected to be much higher than it was five years ago, when it was only $900. Despite this upward trend, there are still many affordable rental options available in St. Louis, MO for those looking to rent a 2-bedroom apartment.

Average rent in St. Louis,MO for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in St. Louis, MO is projected to be $1,600. This represents a significant increase from the previous year’s average of $1,200. Over the past decade, the cost of renting a 3-bedroom unit in St. Louis has steadily risen, with 2013 seeing an average of just $900. In 2018, the average had risen to $1,100 before climbing again in 2020 to $1,300. The increased demand for larger apartments and rising property values are driving factors behind the rise in rent prices in St. Louis.

Average rent in St. Louis,MO for studio

In 2023, the average rent in St. Louis, MO for studio apartments is projected to increase to $1,200 per month. While this may seem like a sharp rise from the previous year’s average of $1,100, it represents a consistent upward trend over the past decade. In fact, in 2013, the average rent for a studio in St. Louis was only $800 a month. Over the years, there has been a gradual but steady increase in rent prices across the city, with many renters struggling to keep up with the rising cost of living. Nonetheless, St. Louis continues to be an affordable city compared to many other metropolitan areas, making it an attractive option for young professionals and students.

Average rent in St. Louis,MO for townhouse

In terms of average rent in St. Louis, MO for townhouses, there has been a significant shift in recent years. As of 2023, the average rent for a townhouse in St. Louis, MO has increased to $1,800 per month, which is an 8% increase from the previous year. This can, in part, be attributed to the fact that St. Louis, MO has become an increasingly popular location for young professionals and families looking to settle down. However, it’s worth noting that when compared to the average rent from 10 years ago, in 2013, which was only $1,200 per month, the increase is even more significant, with a 50% increase in average rent for townhouses. In the past decade, St. Louis, MO has undergone a period of transformation that has raised the cost of living in the area, and this trend shows no signs of slowing down anytime soon.

Average rent in St. Louis,MO by Neighborhood

1. Central West End – $1,600-$2,800
2. Tower Grove – $1,200-$1,600
3. The Hill – $1,300-$1,900
4. Soulard – $1,200-$1,900
5. University City – $1,100-$1,600
6. Clayton – $1,900-$2,900
7. Downtown – $1,200-$2,200
8. Forest Park Southeast – $1,200-$1,600
9. Lafayette Square – $1,400-$2,200
10. Benton Park – $1,200-$1,600

Most expensive neighborhoods in St. Louis,MO

St. Louis, MO is home to some of the most expensive neighborhoods in the Midwest. These neighborhoods are known for their sprawling mansions, immaculate landscaping, and luxurious amenities. Locations like Clayton, Ladue, and Town and Country offer some of the most exclusive properties in the region. In these neighborhoods, residents enjoy access to top-rated schools, high-end shopping, and world-class dining options. If you’re considering a move to St. Louis and looking for the ultimate in luxury living, these neighborhoods are sure to impress.

Most affordable neighborhoods in St. Louis,MO

St. Louis, MO has a variety of affordable neighborhoods for those on a tight budget. Some of the most affordable neighborhoods in St. Louis include Dutchtown, Bevo Mill, and Baden. These neighborhoods offer a mix of older homes and new construction, with a diverse community of residents. The cost of living in these neighborhoods is lower than other parts of the city, making them a great choice for those looking to save money on housing expenses. Overall, St. Louis has many affordable neighborhoods to choose from, making it a great city for those looking for a budget-friendly place to call home.

Most popular neighborhoods in St. Louis,MO

St. Louis has many great neighborhoods, but some stand out as the most popular. One is Central West End, with its historic mansions, tree-lined streets, and plenty of shops and restaurants. Another is the vibrant Delmar Loop, featuring unique shops, galleries, and an abundance of dining and entertainment options. Soulard is famous for its Mardi Gras celebration and is home to numerous bars, restaurants, and the oldest farmers market in the city. The Grove has become a hub for the LGBTQ+ community, with a lively nightlife scene and trendy food and drink spots. In all of these neighborhoods, there is always something exciting happening, attracting locals and visitors alike.

Comparison with other cities

1. New York, NY – $4,300
2. San Francisco, CA – $3,700
3. Boston, MA – $3,200
4. Washington, DC – $2,600
5. Los Angeles, CA – $2,400
6. Chicago, IL – $2,150
7. Miami, FL – $2,100
8. Seattle, WA – $2,050
9. San Diego, CA – $1,950
10. Atlanta, GA – $1,750
11. Dallas, TX – $1,525
12. Houston, TX – $1,485
13. Austin, TX – $1,450
14. Phoenix, AZ – $1,400
15. Denver, CO – $1,390

FAQ

Q: What is the average rent in St. Louis, MO in 2023?
A: According to the latest data in 2023, the average rent in St. Louis, MO is $1,400 per month.

Q: What types of rental properties are included in the average rent calculation?
A: The average rent calculation includes all types of rental properties such as apartments, townhomes, and single-family homes.

Q: Is the average rent in St. Louis higher or lower than the national average?
A: The average rent in St. Louis is lower than the national average, which is $1,597 per month as of 2023.

Q: Are there any specific neighborhoods in St. Louis with higher or lower average rents?
A: Yes, there are certain neighborhoods in St. Louis that have higher or lower average rents. For example, the Central West End neighborhood has an average rent of $1,600 per month, while the Tower Grove East neighborhood has an average rent of $900 per month.

Q: How has the average rent in St. Louis changed over the past few years?
A: The average rent in St. Louis has been slowly increasing over the past few years. In 2020, the average rent was $1,100 per month, and in 2022 it rose to $1,150 per month.

Q: What factors affect rental prices in St. Louis?
A: The factors that affect rental prices in St. Louis include location, size and condition of the rental property, and local market demand.

Q: Is it possible to find affordable rental properties in St. Louis?
A: Yes, it is possible to find affordable rental properties in St. Louis. There are neighborhoods with lower average rents, and also rental properties with smaller sizes and less desirable condition that are available at lower rents.

Sources

https://www.zumper.com/rent-research/st-louis-mo





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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