Department of Numbers

St Louis Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in St Louis, MO (the St Louis metro area) was $861 in 2016 according to the Census ACS survey.1 Average gross rent in St Louis was $875 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 St Louis median and average rent data will be released in September of 2018.

Data is also available below for St Louis rental vacancy rates, St Louis rent as a percent of median income and the fraction of renters in St Louis.

Show dollars as: Nominal Real

Real Gross Rent in St Louis Missouri (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Missouri Median Gross Rent $771 -0.26% +4.47%
St Louis, MO Median Gross Rent $861 +1.29% +5.13%

St Louis, MO Real Gross Rent Trends

At $861, real median gross rent in St Louis was at its highest level in 2016 since the series began in 2005. Average gross rent for St Louis peaked in real terms in 2015 at $876 and is now $1 (0.11%) lower.

Real Gross Rent in St Louis: St Louis MO Median, St Louis MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St Louis

Date US
Median
Missouri
Median
St Louis, MO
Median
St Louis, MO
Average
2016 $981 $771 $861 $875
2015 $972 $773 $850 $876
2014 $942 $760 $824 $836
2013 $910 $738 $819 $832
2012 $898 $717 $779 $795
2011 $898 $730 $796 $810
2010 $912 $728 $783 $795
2009 $916 $727 $797 $804
2008 $932 $743 $812 $814
2007 $885 $693 $769 $776
2006 $895 $712 $782 $788
2005 $869 $708 $766 $777

St Louis Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for St Louis Missouri was 7.00% according to Census ACS data.

Rental Vacancy Rate in St Louis Missouri

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Missouri 6.81% +0.38% -0.05%
St Louis, MO 7.00% +0.34% -0.85%

Trends in St Louis, MO Rental Vacancy Rate

The rental vacancy rate in St Louis peaked in 2005 at 8.74%. Since then it has fallen by 1.74% to 7.00%. Data records for this series originated in 2005. From a 2012 post peak low of 6.52%, the rental vacancy rate has increased by 0.48%.

Rental Vacancy Rate: St Louis MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for St Louis

Date US Missouri St Louis, MO
2016 5.89% 6.81% 7.00%
2015 5.85% 6.43% 6.66%
2014 6.32% 7.16% 7.44%
2013 6.49% 6.86% 7.85%
2012 6.77% 6.74% 6.52%
2011 7.40% 8.22% 7.93%
2010 8.17% 8.25% 7.02%
2009 8.43% 8.24% 6.54%
2008 7.86% 8.57% 7.57%
2007 7.87% 8.36% 7.45%
2006 7.70% 8.49% 8.36%
2005 7.74% 9.28% 8.74%

Rent as a Fraction of Income

Using median household income data for St Louis, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St Louis, median monthly gross rent as a fraction of median household income was 17.28% in 2016 according to the ACS.

St Louis Missouri Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Missouri 17.88% -0.35% -0.89%
St Louis, MO 17.28% -0.54% -0.66%

Trends in St Louis, MO Rent as a Fraction of Income

The fraction of median St Louis household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.11%. Since then it has fallen by 0.82% to 17.28%.

Fraction of Income towards Rent: St Louis MO, Missouri, US

Percent of median household income going towards median monthly gross rent in St Louis Missouri

Historical Data for Annual Rent as a Fraction of Income in St Louis Missouri

Date US Missouri St Louis, MO
2016 20.43% 17.88% 17.28%
2015 20.63% 18.23% 17.82%
2014 20.89% 18.71% 17.65%
2013 20.78% 18.77% 17.94%
2012 20.65% 18.69% 17.62%
2011 20.70% 18.78% 18.11%
2010 20.50% 18.47% 17.30%
2009 20.12% 17.72% 16.99%
2008 19.00% 16.82% 16.20%
2007 18.66% 16.44% 15.67%
2006 18.90% 17.00% 16.08%
2005 18.89% 16.95% 15.81%

Renter Fraction in St Louis Missouri

You can calculate the renter fraction in St Louis in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in St Louis as a fraction of total St Louis households. In 2016 31.70% of households were renters according to Census ACS data.

St Louis Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Missouri 33.92% +0.05% +0.89%
St Louis, MO 31.70% -0.01% +1.28%

Trends in the St Louis, MO Renter Fraction

The St Louis household renter fraction peaked in in 2015 at 31.71% and is now 0.01% below that level. The origin year for the series is 2005.

Fraction of Renting Households: St Louis MO, Missouri, US

Fraction of renters in St Louis

History of St Louis Renter Fraction

Date US Missouri St Louis, MO
2016 36.88% 33.92% 31.70%
2015 36.97% 33.87% 31.71%
2014 36.90% 33.09% 31.32%
2013 36.50% 33.03% 30.42%
2012 36.09% 32.53% 30.33%
2011 35.42% 31.95% 29.56%
2010 34.65% 31.02% 29.51%
2009 34.13% 30.92% 29.31%
2008 33.36% 29.90% 27.52%
2007 32.80% 29.34% 26.68%
2006 32.73% 29.34% 26.91%
2005 33.10% 29.36% 26.89%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.