The Changing Rent Prices for Homes in the St. Louis Metro: What’s Really Going On?
For years, St. Louis has quietly worn the badge of “one of the most affordable big metros in the country.” That’s still true compared to the coasts — but if you’re actually renting or owning rentals here, you’ve felt the shift: rents are higher than they were a few years ago, vacancies have bounced around, and affordability is getting squeezed for a lot of working families.
This article breaks down how rents in the St. Louis metro have changed, why it’s happening, and what it means for both renters and landlords going into 2026, using current data from sources like Zillow, RentCafe, Apartments.com, USAFacts, and local St. Louis housing reports.
1. Snapshot: Where St. Louis Rents Sit Right Now
Different data vendors define “average rent” slightly differently, so you’ll always see a range — but all of them agree on the big picture: St. Louis rents are still far below the national average, but they’ve climbed meaningfully since COVID.
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Zillow – Saint Louis Rent Trends
According to Zillow’s rental dashboard, the average rent in Saint Louis, MO is around $1,245–$1,300, with about 4.3% year-over-year growth as of late 2025.
Source: Zillow Saint Louis Market Overview and Zillow Rent Market Trends – Saint Louis . -
RentCafe – Saint Louis (City) Rents
RentCafe reports an average apartment rent of $1,398 in Saint Louis, with:- Studios around $1,028
- 1-bedrooms around $1,321
- 2-bedrooms around $1,599
- 3-bedrooms around $1,693
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Apartments.com – Saint Louis
Apartments.com shows an average rent around $1,383 for Saint Louis, noting that this is roughly 31% lower than the national average for active one-bedroom listings.
Source: Apartments.com Rent Market Trends – Saint Louis and Apartments.com – Saint Louis . -
Missouri vs. National
USAFacts calculates that the average Missouri renter spent about 28.4% of income on rent in 2024, compared with about 32.8% nationally (median rent about $1,487/month).
Sources: USAFacts – Missouri Rent-to-Income and USAFacts – US Rent-to-Income .
On paper, St. Louis is still a “cheap” rental market compared with the U.S. average. But compared with where we were 5–10 years ago, it doesn’t feel cheap to a lot of local renters anymore.
2. How St. Louis Rents Got Here: A Quick Timeline
2010–2019: Slow and Steady
Through the 2010s, rent growth in St. Louis was modest and under the national radar.
- In 2019, average gross rent in the City of St. Louis was just under $900, based on American Community Survey data summarized by DeptOfNumbers and similar aggregators.
- USAFacts shows Missouri’s rent-to-income ratio at 32.4% in 2011, drifting down to 28.4% by 2024, indicating rents rose but incomes kept some pace.
Source: USAFacts – Missouri Rent-to-Income .
Translation: St. Louis rents climbed, but slower than hotspots like Austin or Phoenix. Investors saw solid cash flow, and tenants saw St. Louis as reasonably affordable.
2020–2022: COVID Shock and Mini-Boom
Nationally, rents surged after the initial lockdown period. Stimulus, work-from-home, low rates, and a wave of relocations pushed demand into lower-cost metros, including Midwestern cities.
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The Consumer Price Index for rent (nationwide) has been on a steady climb, with the rent component of CPI reaching its highest levels in decades by 2024–2025. This is reflected in FRED (St. Louis Fed) series tracking rent indexes and Zillow Home Value Indexes over time.
Source: FRED – Zillow Home Value & Rent Indexes . - Missouri’s rents rose slower than Sunbelt boomtowns, but still ticked up in most urban and suburban submarkets.
2023–2025: From Frenzy to Plateau
Now we’re in a cooling phase nationally: rent growth has slowed, but it hasn’t reversed in most places. St. Louis fits this pattern.
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Zillow reports about 4.3% year-over-year rent growth in Saint Louis with flat month-over-month change as of October 2025, signaling a plateau instead of a crash.
Source: Zillow – Saint Louis Market . -
RentCafe’s dashboard shows average rents in Saint Louis up modestly year-over-year (about 1% in their dataset), not exploding but grinding higher.
Source: RentCafe – Saint Louis Rent Trends . -
At the national level, Zillow’s October 2025 press release notes that rental affordability reached a four-year high as rent growth cooled and concessions reached 37.3% of listings nationwide.
Source: Zillow – “Rental affordability reaches four-year high” (Oct 17, 2025) . -
Investopedia reports that median U.S. rent dropped to about $1,400 in August 2025, while a median-priced home mortgage payment is over $3,200/month, highlighting why more households are staying in the rental pool longer.
Source: Investopedia – “Can’t Afford a Home? Rent Prices Are Falling in These Areas…” .
Put simply: growth has slowed, but the floor has moved up. Rents are not going back to 2015 levels.
3. City vs. County vs. Neighborhoods: Micro-Markets Inside the Metro
Urban Core: Downtown and Central West End
The urban core behaves differently from the suburbs. Neighborhood-level data from RentCafe shows how concentrated higher rents are in some pockets:
- Downtown Saint Louis: average apartment rents around the $1,400+ range.
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Central West End: average rents around $1,570–$1,600, with many units above $1,500 and a high share of renter households.
Source: RentCafe – Central West End and RentCafe – Neighborhood Rent Map .
These areas are driven heavily by proximity to the medical and university corridor (BJC, WashU, SLU), lifestyle amenities, and supply of larger multifamily properties.
Inner-Ring & Suburban Single-Family Corridors
In St. Louis County and St. Charles County, especially in strong school districts, the story shifts to single-family rentals (SFRs):
- Many updated 3-bedroom homes in good school districts now commonly rent in the $1,600–$2,000+ range.
- Homes that rented for $1,100–$1,250 in the mid-2010s are often closer to $1,400–$1,600 today.
- Statewide, RentCafe shows average Missouri rents around $1,330, with 3-bed units near $1,768 — St. Louis and its suburbs fit right into that pattern.
Source: RentCafe – Missouri Rental Market Trends .
SFR markets tend to have lower turnover and are less sensitive to the big, temporary swings caused by new apartment construction. That’s a key reason single-family rents in good areas tend to stay firm, even when urban Class A apartments start offering concessions.
4. Affordability: How Much Are Renters Actually Feeling It?
Rent-to-Income Ratios
USAFacts’ nationwide analysis shows that in 2024, the typical U.S. renter spent about 32.8% of income on housing, with a median rent of about $1,487 and median renter income around $4,537/month.
Missouri comes in below that at 28.4% rent-to-income, but that’s an average — plenty of households are still very stretched.
Sources:
- USAFacts – US Rent-to-Income
- USAFacts – Missouri Rent-to-Income
- USAFacts – Cost-Burdened Households in Missouri
Severe Rent Burden in St. Louis City and County
Local data paints a sharper picture:
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The City of St. Louis defines “severe rent burden” as spending over 50% of income on rent and utilities. In 2016, 24.2% of renter households in the city were severely rent burdened.
Source: City of St. Louis – Severe Rent Burden Indicator . -
The St. Louis Affordable Housing Report Card notes high rates of severe housing cost burden for renters across the region and emphasizes that no level of severe rent burden should be considered acceptable.
Source: Affordable STL – Grading Methodology . -
St. Louis County’s housing plan notes that over 100,000 households (about a quarter of all county households) are cost-burdened by housing costs.
Source: St. Louis County – Housing Plan . -
State-level tables from the Missouri Housing Development Commission show severe cost burden rates for renters in St. Louis County and St. Louis City above 20–25%, confirming the pressure on lower-income renters.
Source: MHDC – Severe Cost Burdened Renter Tables (PDF) .
Bottom line: St. Louis looks “affordable” on a national bar chart, but a big share of city and county renters are still heavily squeezed.
5. Inflation, Interest Rates, and Construction: The Big Forces Behind Rents
Inflation in the St. Louis Area
St. Louis has been near the top of national inflation rankings.
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WalletHub-based reporting in 2024 ranked St. Louis among the top metros most affected by inflation, with some stories placing it at No. 2 for recent CPI changes.
Example coverage: St. Louis Inflation Ranking – The Intelligencer and St. Louis Metro Inflation Story – The Telegraph . -
The Bureau of Labor Statistics reports that CPI for the St. Louis area continued to rise through mid-2025, with food, housing, and utilities contributing to overall increases.
Source: BLS – Consumer Price Index, St. Louis Area . -
USAFacts currently pegs St. Louis metro inflation at around 2.6% as of August 2025, still above the pre-COVID norm.
Source: USAFacts – St. Louis Inflation Rate .
Higher inflation means higher insurance, property taxes, utilities, and labor — and those costs ultimately get baked into rents.
Interest Rates and the “Forced Renter” Effect
High mortgage rates make renting relatively more attractive (or necessary):
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Investopedia estimates the median U.S. rent around $1,400 while a median-priced home (~$410,800) carries a typical mortgage payment of about $3,243/month at current rates.
Source: Investopedia – Rent vs. Buy Analysis . -
Another Investopedia piece notes that Zillow’s national Observed Rent Index shows typical rent near $2,000/month, still well below the cost of owning in many markets.
Source: Investopedia – “Are You Paying More Rent Than Average?” .
For St. Louis, where home prices are far below coastal markets, the rent-vs-buy decision is less extreme — but higher rates still trap a lot of would-be buyers in the rental pool longer, supporting demand and propping up rents.
Construction and Vacancy
Nationally, we’ve had a huge wave of new apartment construction:
- In 2024 the U.S. delivered over 600,000 new rental units, and hundreds of thousands more in early 2025, pushing the national vacancy rate to around 7.1%, the highest since 2017.
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That surge in supply is behind the recent cooling in rents and the increase in concessions, according to Zillow and Investopedia.
Sources: Zillow Press Release – Rental Affordability and Investopedia – New Supply & Rent Declines .
St. Louis doesn’t build at Sunbelt scale, especially not single-family rentals. That means the national supply shock is more muted here. Vacancy has ticked up from pandemic lows, but not to crisis levels, especially in SFR-heavy, good-school districts.
6. So Are St. Louis Rents “High” or “Low”?
Compared to the U.S. Overall: Still Low
- St. Louis average rents in the $1,200–$1,400 range are roughly 30–40% below national averages, depending on the data source (Zillow, Apartments.com, RentCafe, Apartment List).
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Missouri’s overall cost of living is consistently listed as below national average in rental and cost-of-living guides.
Examples: Apartment List – Cost of Living in Missouri , RentCafe – Missouri Average Rent , and OysterLink – Cost of Living in Missouri 2025 .
Compared to Local Incomes and the Past Decade: Clearly Higher
- Rents on typical single-family homes in decent school districts are up by double-digit percentages compared with mid-2010s levels.
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Local rent burden data shows that roughly a quarter of city renters are severely burdened, paying over half their income on housing, and county-wide cost-burden is widespread.
Sources: City of St. Louis – Severe Rent Burden , Affordable STL – Report Card , and St. Louis County – Housing Plan .
So yes: St. Louis is “cheap” relative to New York, Denver, or Austin, but meaningfully more expensive than it was for locals even a few years ago.
7. What This Means for Renters in the St. Louis Metro
1. Watch Your Rent-to-Income Ratio
Most experts still recommend keeping housing around 30% of gross income. USAFacts data and Investopedia’s analysis of national rent levels both use that benchmark.
- If you’re hitting 35–40% or more on rent, you’re in the danger zone where one unexpected bill can push you into late payments or eviction risk.
- If your landlord is proposing a 5–8% increase, that may actually track broader market trends — but you can sometimes trade a longer lease term or a renewal commitment for a smaller increase.
2. Looking for Value Areas
In practical terms:
- Urban core (Downtown, Midtown, CWE): better for smaller units and lifestyle amenities; you’ll see more product in the $1,200–$2,000 range.
- Inner-ring/outer suburbs: higher dollar amount but more space, garages, and better school districts for families.
- Statewide context: Missouri’s average rent around $1,330 with most renters clustered in the $1,001–$1,500 range shows that St. Louis still has pockets of relative value if you’re flexible.
Source: RentCafe – Missouri Rental Market .
3. Timing Your Move
Given where the cycle is:
- Nationally, rent growth is temporarily soft because of the massive 2024–2025 apartment construction wave.
- Analysts expect that once this pipeline is absorbed and new starts slow, we’ll move back toward a more landlord-favored market in 2026 and beyond.
- For St. Louis renters, locking in a fair lease now — especially in a good SFR — may look pretty smart a year or two from now.
8. What This Means for Landlords & Investors
1. St. Louis Is Still a Yield Market
Compared with high-price markets, St. Louis remains a “yield play” rather than a pure appreciation bet:
- Home prices here are much lower than the national median, as seen in Zillow’s Home Value Index data for Missouri vs. the U.S.
Source: Zillow – St. Louis Home Values and FRED – Missouri ZHVI . - Rents, while lower in absolute terms, are high enough relative to acquisition costs that cap rates on single-family homes can still pencil very nicely.
2. Expect a Slow Grind Up, Not a Crash
With vacancy elevated but not extreme and new construction already slowing, most credible forecasts call for:
- Low- to mid-single-digit annual rent growth in many metros.
- Stronger performance for well-maintained single-family rentals in good school districts.
- More concessions and competition in newer Class A apartments than in SFRs.
Again, Zillow’s October 2025 release is a good bellwether: multifamily rent growth has cooled to about 1.7% year-over-year, but single-family rents are still up around 3.2% nationally.
Source:
Zillow – Rental Affordability Press Release
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3. Affordability and Policy Risk
With nearly 1 in 3 U.S. households cost-burdened by housing and a large chunk of St. Louis renters severely burdened, expect affordability to stay a political focus.
- More talk of inclusionary zoning, local incentives for affordable units, and stronger tenant protections.
- Potential tweaks to property tax policy and funding mechanisms tied to housing affordability.
For landlords, being transparent, responsive, and fair on rent increases isn’t just good customer service — it’s also a way to position yourself on the “good actor” side of the policy conversation.
9. Looking Ahead: St. Louis Rents in 2026 and Beyond
Taking all of this research together, here’s the most realistic outlook for the St. Louis rental market over the next few years:
- Rents stay elevated. The price floor has permanently shifted up from pre-COVID levels.
- Growth moderates but doesn’t reverse. Think steady, smaller annual increases instead of wild spikes.
- Single-family remains strong. Limited SFR construction, high mortgage rates, and family demand keep single-family rents relatively firm.
- Affordability pressure persists. Even if rent growth slows, incomes and inflation will decide how painful rents feel for local households.
For renters: St. Louis is still more affordable than a lot of big metros, but it’s not the steal it used to be. Keep an eye on your rent-to-income ratio, be strategic about neighborhoods, and negotiate for stability where you can.
For landlords and investors: This is still a fundamentally solid cash-flow market. If you own or are buying clean, well-located homes and manage them professionally, the research points toward a slow but steady tailwind for rent and occupancy in the St. Louis metro.
