Thursday, July 7, 2016

St. Louis Median Rents Among the Nation's Cheapest for Big Cities, Study Finds

Posted By on Thu, Jul 7, 2016 at 7:30 AM

click to enlarge Apartments on Lindell Boulevard in the Central West End — a neighborhood that's increasingly an exception to the city's ultra-affordable rents. - PHOTO COURTESY OF FLICKR/PAUL SABLEMAN
  • Photo courtesy of Flickr/Paul Sableman
  • Apartments on Lindell Boulevard in the Central West End — a neighborhood that's increasingly an exception to the city's ultra-affordable rents.

The rent may be too damn high on the coasts, but in St. Louis, prices are cheap and getting cheaper.

That's the conclusion of a new study by apartment listing site Zumper, which compiles apartment listings in 100 cities nationwide — and boasts more than 1,500 listings in the city of St. Louis.

A median one-bedroom in St. Louis in 2016, the study found, leases for $650. That's an 11 percent drop from the prior year. 

Two bedrooms showed a similar drop. A ten percent decline from year over year left them at a median price of $900.

And that's left St. Louis ranking as the 23rd cheapest of the 100 cities being surveyed, tied with Greensboro, North Carolina, and Tallahassee, Florida, in the bottom of the study's four tiers.

click to enlarge screen_shot_2016-07-06_at_9.25.47_pm.png


On the Most Expensive list, not surprisingly, No. 1 was San Francisco, with its median one-bedroom apartments renting for a staggering $3,510. 

Here are the ten most expensive, with the median price for a one-bedroom in each. Remember, in St. Louis, that same size apartment will set you back just $650. And how much do you want to bet they're missing out on our crown moldings and gleaming hardwoods, too?

1. San Francisco, $3,510
2. New York, $3,190
3. San Jose, $2,280
4. Oakland, $2,270
5. Boston, $2,230
6. Washington, D.C., $2,190
7. Los Angeles, $1,960
8. Miami, $1,900
9. Honolulu, $1,840
10. Seattle, $1,770

We welcome tips and feedback. Email the author at sarah.fenske@riverfronttimes.com


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