Apartments in Carondelet Park St Louis

St Louis:
July Rent Report

Welcome to the July 2024 St Louis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2024 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 average rent prices in the chart below.

July 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 4 of the St Louis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in St Charles, MO, Swansea, IL, Hazelwood, MO, Alton, IL .

• Rent decreased in Chesterfield, MO, Maryland Heights, MO.

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

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

Data set for St Louis and suburbs

Methodology

Each month, using over 1 million Rentable 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.