Apartments in O'Fallon St Louis

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6
$2,000
Ofallon, MO
3 BR | Available Now
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Dishwasher
O'Fallon
20
$795 - 1,255
200 Casalon Parkway #3 Ofallon, MO
1 - 2 BR | Available Now
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Dog Friendly
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Balcony/Deck/Patio
24
$1,290 - 1,700
1000 Crown Jewel Cir Ofallon, MO
1 - 2 BR | Available Now
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10
$1,700
Ofallon, MO
2 BR | May. 10, 2024
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24
$1,850
Ofallon, MO
3 BR | Available Now
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16
$2,395
St Peters, MO
3 BR | Available Now
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St Louis:
May Rent Report

Welcome to the May 2024 St Louis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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.

Monthly Rent Report

$1,300
$980
$650
$330
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

St Louis Rent Prices Decrease From April to May

St Louis rent prices decreased over the last month. From April to May, the city experienced a -0.22% decrease for the price of a one-bedroom apartment. The rent price for a St Louis one-bedroom apartments currently stands at $899.0.

When we take a look at the two-bedroom comparison from April to May, St Louis experienced a 0.09% increase for the price of a two-bedroom apartment. The rent price for a St Louis two-bedroom apartments currently stands at $1,113.0.

May Prices: St Louis vs. Surrounding Areas

Chesterfield, MO
Swansea, IL
St Charles, MO
Maryland Heights, MO
St Louis, MO
Hazelwood, MO
Alton, IL
$1,419
$1,349
$1,135
$1,102
$903
$896
$789
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in St Louis and Surrounding Areas

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, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

  • Rent decreased in Chesterfield, 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.

May 2024 Pricing Trends: St Louis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
St Louis, MO
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$903
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

St Louis Rent Prices More Affordable Than Major Cities

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.

Data set for St Louis and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
St Louis, MO $903.0 0.45% $1,116.0 0.27%
Swansea, IL $1,349.0 0.30% $1,530.0 0.00%
St Charles, MO $1,135.0 0.53% $1,377.0 -0.22%
Chesterfield, MO $1,419.0 -2.21% $1,763.0 1.32%
Hazelwood, MO $896.0 1.24% $1,060.0 0.47%
Alton, IL $789.0 11.44% $767.0 0.92%
Maryland Heights, MO $1,102.0 0.09% $1,354.0 0.00%

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.