Low Income Apartments and Affordable Housing For Rent in Saint Peters, MO

Discover affordable housing in Saint Peters where there are 10+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Wyndham Park

4000 Wyndham Park Dr, Saint Peters, Missouri 63376

Wyndham Park II

1000 Wyndham Park Dr, Saint Peters, Missouri 63376

Aspen Trails II

200 Troyers Run, Saint Peters, Missouri 63376

Crider Health Center, Inc

2705 Veterans Memorial Pkwy, Saint Peters, Missouri 63303

Triangle Apartments II

1200 Triangle Dr, Saint Peters, Missouri 63303

St Peters Villa

500 Starwood Dr, Saint Peters, Missouri 63376

Hidden Terrace Townhomes

2500 Falcons Way, Saint Peters, Missouri 63303

Canterbury Park

70 Canterbury Park Dr, Saint Peters, Missouri 63376

Falcons Way Townhomes

2471 Falcons Way, Saint Peters, Missouri 63303

Caterbury Park Apartments

1001 Highway 79, Saint Peters, Missouri 63376

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Saint Peters, Missouri
$22.90/hour
$10.60 (+86%) more than Missouri minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Saint Peters, Missouri Affordable Housing ↓

What HUD offices serve Saint Peters, Missouri?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Saint Peters, Missouri.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Saint Peters, Missouri.

Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Saint Peters.

How many renters live in Saint Peters, Missouri?

The City of Saint Peters has 57,692 people living in 23,680 households.

There are 8,195 renters living in 4,513 renter households in this City. Renters make up 14.2 percent of the population living in Saint Peters.

What is the rental market like in Saint Peters, Missouri?

There are an estimated 24,534 housing units in the Saint Peters area. Of these, 4,922 units are rental homes, making up 20 percent of the housing market. For every renter household in Saint Peters, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Saint Peters?

The rental vacancy rate in Saint Peters is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Saint Peters for each bedroom size?

Occupied Rental Units by Size in Saint Peters
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
167 1,153 2,321 656 216
Occupied Rental Units by Size in Saint Peters

A large number of apartments in Saint Peters have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Saint Peters are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Saint Peters

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Saint Peters, Missouri

How many units are rented at Fair Market Rent (FMR) in Saint Peters?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 0 100 percent
One BR 316 27 percent
Two BR 1,245 54 percent
Rental Units Below FMR in Saint Peters, Missouri

How many affordable rental units are in Saint Peters?

There are a variety of federal affordable housing programs serving households in Saint Peters, Missouri including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 374
Section 202 Supportive Housing for the Elderly 57
Tracked Units by Federal Program in Saint Peters, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Saint Peters, Missouri

Saint Peters features 14 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Saint Peters, Missouri

There are 398 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saint Peters.

Housing Choice Vouchers in Saint Peters, Missouri

On average, Section 8 Housing Choice vouchers pay Saint Peters landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Saint Peters.

The maximum amount a voucher would pay on behalf of a low-income tenant in Saint Peters, Missouri for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.