1 Apartments under 700 for rent in Chesterfield, MO

Last updated January 3 at 11:22am UTC
Results within 1 miles of Chesterfield, MO
15421 Clayton Road
Ballwin
Ballwin, MO
Updated January 3 at 11:22am UTC
Studio
$425
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

January 2018 Chesterfield Rent Report

Welcome to the January 2018 Chesterfield Rent Report. Chesterfield rents increased over the past month. In this report, we'll evaluate trends in the Chesterfield rental market, including comparisons to cities throughout the state and nation.

View full Chesterfield Rent Report
Rent Report
Chesterfield

January 2018 Chesterfield Rent Report

Welcome to the January 2018 Chesterfield Rent Report. Chesterfield rents increased over the past month. In this report, we'll evaluate trends in the Chesterfield rental market, including comparisons to cities throughout the state and nation.

Chesterfield rents increased significantly over the past month

Chesterfield rents have increased 0.5% over the past month, and are up moderately by 2.5% in comparison to the same time last year. Currently, median rents in Chesterfield stand at $980 for a one-bedroom apartment and $1,270 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in October. Chesterfield's year-over-year rent growth leads the state average of 0.2%, but trails the national average of 2.8%.

Rents rising across cities in Missouri

Throughout the past year, rent increases have been occurring not just in the city of Chesterfield, but across the entire state. Of the largest 10 cities that we have data for in Missouri, 6 of them have seen prices rise. The state as a whole logged rent growth of 0.2% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Chesterfield is the most expensive of all Missouri's major cities, with a median two-bedroom rent of $1,270; of the 10 largest Missouri cities that we have data for, 4 have seen rents fall year-over-year, with Springfield experiencing the fastest decline (-7.8%).
  • Chesterfield, St. Louis, and St. Peters have all experienced year-over-year growth above the state average (2.5%, 2.3%, and 2.1%, respectively).

Chesterfield rents more affordable than many large cities nationwide

As rents have increased moderately in Chesterfield, a few large cities nationwide have also seen rents grow modestly. Chesterfield is still more affordable than most large cities across the country.

  • Chesterfield's median two-bedroom rent of $1,270 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.5% rise in Chesterfield.
  • While Chesterfield's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Chesterfield than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than twice the price in Chesterfield.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
St. Louis $720 $930 0.3% 2.3%
St. Charles $800 $1,040 1.1% -0.6%
St. Peters $860 $1,120 -0.3% 2.1%
Florissant $770 $1,000 0.1% -0.3%
Chesterfield $980 $1,270 0.5% 2.5%
Ballwin $1,000 $1,300 -0.7% 1.6%
Maryland Heights $800 $1,040 -0.4% 1.4%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.