Clayton is one of the most high-end neighborhoods in St. Louis. It has earned this title by boasting an incredible amount of fabulous restaurants, shops, bars, nightclubs, and other amenities. For this same reason, this neighborhood often hosts St. Louis’ large events. The Taste of Clayton festival exemplifies the fantastic food in the area. Clayton is also renowned for The Saint Louis Art Fair, which is one of the most renowned in the country. The many art galleries in the area reflect these creative roots. In the autumn, The Big Read festival takes over the town in the name of one of the finest intellectual pleasures.
Welcome to the December 2023 St Louis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2023 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.
St Louis rent prices decreased over the last month. From November to December, the city experienced a -1.6% decrease for the price of a one-bedroom apartment. The rent price for a St Louis one-bedroom apartments currently stands at $921.0.
When we take a look at the two-bedroom comparison from November to December, St Louis experienced a 0.18% increase for the price of a two-bedroom apartment. The rent price for a St Louis two-bedroom apartments currently stands at $1,119.0.
Rent prices have decreased 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 5 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 Swansea, IL, Chesterfield, MO, O'Fallon, IL, Maryland Heights, MO, St Ann, MO .
Rent decreased in St Charles, MO, Hazelwood, MO.
5 suburbs are currently priced higher than the city of St Louis.
2 suburbs are currently priced lower than the city of St Louis.
Rent growth in St Louis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, St Louis average 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.
For more information about St Louis and surrounding area rent prices, take a look at the complete data set below.
|1 BR December||1 BR M/M % Change||2 BR December||2 BR M/M % Change|
|St Louis, MO||$944.0||-0.53%||$1,126.0||-2.34%|
|St Charles, MO||$1,148.0||-1.88%||$1,381.0||-0.15%|
|Maryland Heights, MO||$1,098.0||0.18%||$1,326.0||-1.27%|
|St Ann, MO||$918.0||2.92%||$1,145.0||4.19%|
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.