St. Louis rents and rental comps

Name: St. Louis, MO rental market data
Creator: PropMetrics

The median asking rent across 19 St. Louis zip codes is $1,235/month, down 3.1% from a year ago.

City and county are separate governments in St. Louis. Different tax rates, different tenant laws, different everything. Once you sort that out, it's an affordable cash flow market with solid rent-to-price ratios. The learning curve is steeper than most.

Median Asking Rent

$1,235

Rent Change (YoY)

-3.1%

Avg Days on Market

Active Rental Listings

1,811

Median List Price

$204,900

Median Asking Rent Over Time

Average across 19 zip codes

12 months-6.0%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
63146	$2,000/mo	0.0%	$1.52	54	43
63105	$1,895/mo	0.0%	$1.71	67	82
63108	$1,595/mo	-8.6%	$1.79	59	120
63110	$1,475/mo	+15.7%	$1.50	43	142
63102	$1,355/mo	-9.7%	$1.88	89	18
63104	$1,350/mo	-3.2%	$1.33	51	154
63103	$1,250/mo	-3.8%	$1.39	98	52
63112	$1,250/mo	-7.4%	$1.27	49	132
63101	$1,225/mo	-15.5%	$1.49	116	24
63139	$1,200/mo	-9.4%	$1.44	51	100
63109	$1,100/mo	0.0%	$1.30	33	154
63143	$1,099/mo	-4.4%	$1.61	30	43
63118	$1,095/mo	+0.9%	$1.07	43	255
63116	$1,050/mo	+2.4%	$1.21	48	269
63113	$975/mo	+14.7%	$0.91	44	28
63120	$950/mo	-20.8%	$1.06	47	22
63115	$925/mo	0.0%	$0.99	51	35
63107	$905/mo	-9.5%	$0.83	74	14
63111	$895/mo	-0.6%	$1.04	64	124

Comps for any address in St. Louis

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$850/mo	$1.86/sqft
1 Bedroom	$973/mo	$1.34/sqft
2 Bedroom	$1,385/mo	$1.21/sqft
3 Bedroom	$1,973/mo	$1.26/sqft
4 Bedroom	$2,300/mo	$1.17/sqft

Aggregated median across all St. Louis zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
63105	$475,000	-30.7%	$266.27
63110	$430,000	+13.2%	$192.41
63104	$359,900	-1.4%	$164.29
63108	$339,000	0.0%	$204.01
63146	$325,000	+18.2%	$160.86
63143	$305,000	+8.9%	$205.76
63109	$298,000	-0.7%	$185.19
63139	$259,900	+0.3%	$212.89
63118	$244,900	+16.7%	$119.85
63116	$209,900	+2.4%	$154.49
63101	$199,900	+5.2%	$132.20
63112	$175,000	-3.8%	$130.07
63103	$159,000	+2.6%	$126.12
63111	$150,000	-6.3%	$95.05
63102	$142,000	-13.9%	$144.52
63106	$89,900	-33.4%	$53.40
63107	$80,000	-17.9%	$52.66
63113	$59,900	-0.2%	$35.12
63115	$55,000	-26.2%	$36.60
63120	$34,900	-36.5%	$38.46

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,150/mo	$850/mo	-26%
1 Bedroom	$1,190/mo	$973/mo	-18%
2 Bedroom	$1,460/mo	$1,385/mo	-5%
3 Bedroom	$1,880/mo	$1,973/mo	+5%
4 Bedroom	$2,170/mo	$2,300/mo	+6%

HUD publishes Fair Market Rents once a year for the St. Louis metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

About the St. Louis rental market

The median asking rent across St. Louis, MO sits at $1,235/month, pulled from active rental listings in 19 zip codes. That's down 3.1% from a year ago.

Rents aren't uniform across the city. ZIP 63146 tops the list at $2,000/month. ZIP 63111 comes in lowest at $895/month. That's a 123% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,385/month at the median. 1-bedrooms run about $973. 3-bedrooms come in around $1,973.

Listings take longer here. The average is 59 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Gross rent-to-value lands around 7.2% ($1,235/month rent on a $204,900 median price). Middle of the pack for cash-flow markets.

HUD's Fair Market Rent for a 2-bedroom in the St. Louis metro is $1,460/month. Asking rents come in about 15% below the federal benchmark, which can make Section 8 properties competitive here.

St. Louis has a structural quirk that matters for investors. The City of St. Louis is independent from St. Louis County. They're separate jurisdictions with different tax rates, school districts, and regulatory environments. That distinction shows up in property values, tenant quality, and the bottom line. The Central West End, Soulard, and the Grove are premium inside the city. Webster Groves and Clayton are premium in the county. There are pockets in both city and county where the cash flow math holds up. Healthcare (Washington University, BJC) and defense (Boeing's defense division) are major employers. Affordable market that rewards investors who learn the geography.

These numbers are city-wide averages. If you're pricing a specific property in St. Louis, pull comps from the same zip code. The spread is usually bigger than people expect.