Today, it’s home to 2.8 million residents who love it for its baseball, beer and iconic arch that greets locals and visitors alike

It features more free major tourist attractions than any other city outside of Washington, D.C., and can claim toasted ravioli as one of its homegrown specialties.

Many St. Louis neighborhoods in and near downtown are also experiencing major revitalization efforts so it’s not unusual to see cranes erecting new buildings and remodeling former warehouses, alongside historical and architect-built single-family homes.

While there are plenty of affordable apartments to be found throughout St. Louis, some residents are paying as much as 16 percent more from last year to rent a place in some of the city’s hottest communities.

Here’s a look at the five St. Louis neighborhoods where rent is increasing the most.
5. Central West End Historic District Photo courtesy of Explore St. Louis / Gregg Goldmann Price increase over the past year: 6.81 percent Average rent for one-bedroom: $1,271
Central West End Historic District is on the northeast edge of the city’s popular Forest Park. Former World’s Fair-era hotels have been restored and converted into high-rise apartments, which reside among large architect-designed single-family homes designed in the ornate Classic Revival styles. Whether residents are looking for their favorite coffeehouse or bookshop, public artwork or to hear some live music, it’s all within walking distance.

The neighborhood is home to the Cathedral Basilica of Saint Louis, also known as the Saint Louis Cathedral. The church has one of the largest mosaic installations in the Western Hemisphere and has burial crypts and an outdoor sculpture designed to promote racial harmony.

The neighborhood is experiencing some of the largest residential building booms St. Louis has seen in decades. Rental rates are showing signs of increased demand as rates have risen by almost seven percent since last year. A one-bedroom is $1,271 per month.

Fun Fact: The Central West End Historic District gained its historic district status in 1974.
4. Downtown West Photo courtesy of Explore St. Louis / McElroy Fine Art Photography Price increase over the past year: 7.09 percent Average rent for one-bedroom: $1,098
Most people consider Downtown West part of Downtown St. Louis but it does have its own personality and attractions, most notably the City Museum. Former warehouses, especially in the Washington Avenue Historic District, a former garment district, have been converted into residential lofts, bustling restaurants and bars and coffee shops.

Situated between Downtown West and Downtown is the Central Library, which recently underwent a facelift and considered another gem in this neighborhood that occupies an entire city block.

Rents have been rising in this neighborhood as more residents choose to call it home. A one-bedroom can be had for $1,098 in Downtown West, an increase of more than seven percent from last year.

Fun Fact: The City Museum is as 100-year-old warehouse, and artists used repurposed architectural and industrial objects to build miles of fun tunnels, slides and bridges, among other exhibits. If the weather cooperates, it’s worth a visit to the very top, where visitors can board a rooftop school bus and enjoy a ride on the working Ferris wheel.
3. Midtown Photo courtesy of Explore St. Louis / Katherine Bish. Price increase over the past year: 9.50 percent Average rent for one-bedroom: $1,048
Located just three miles west of the city’s riverfront, Midtown is also home to St. Louis University. Depending on whom you ask, it’s home to the Grand Center Arts District, too.

With a university campus on-site, Midtown is filled with students and young professionals who love the urban atmosphere and being within walking distance of restaurants, coffee shops and bars.

Rents have increased by nearly 10 percent since last year, bringing a one-bedroom to $1,048 per month.

Fun Fact: A walking tour of the Grand Center Arts District provides guests a glimpse into the neighborhood’s history, from the Fabulous Fox Theatre’s founding to how this arts district came to be today. Tours are held on the second Saturday of each month, from April through October.
2. Dogtown

Price increase over the past year: 10.96 percent Average rent for one-bedroom: $1,366
There are so many legends and stories on how Dogtown got its name that there’s even a webpage dedicated to it. Still, the Dogtown neighborhood is made up of a number of communities, each with their own character.

Residents enjoy living in a mature neighborhood and within walking distance from their schools, places of faith, dining and Forest Park. There are several still-standing century-old homes in Dogtown, many of which feature a historical plaque mounted on their home after the Dogtown Historical Society vets them.

Rent has risen to $1,366 from last year, an increase of nearly 11 percent.

Fun Fact: Thousands gather around Clayton-Tamm, a traditionally Irish-American community within Dogtown, to enjoy the St. Patrick’s Day parade which runs down Tamm Avenue and features several local Irish Schools of Dance.
1. Downtown St. Louis

Price increase over the past year: 16.47 percent Average rent for one-bedroom: $1,300
The Gateway Arch is downtown St. Louis’ most-recognized symbol, reaching 630 feet high into the sky. But to residents who live in the bustling downtown St. Louis neighborhood, it’s just one of the many attractions.

There’s also Busch Stadium Park, home of the St. Louis Cardinals, and the St. Louis Blues Museum. Residents love the easy access to great restaurants, bars and shops, many of which are along nearby Washington Avenue, while public transportation and three major highways make it convenient to get around, in and out of the city.

Downtown is still undergoing a major revitalization which means rents are rising, too. A one-bedroom is now $1,300, an increase of almost 17 percent from last year.

Fun Fact: Gateway Arch features 900 tons of stainless steel and, in its entirety, weighs 43,226 tons.
Methodology
We looked at all neighborhoods in St. Louis with sufficient available inventory on Apartment Guide and Rent.com and compared the average price from September 2018 to September 2019 to find the neighborhoods with the highest percentage increase in one-bedroom rent prices.

The current rent information included in this article is based on September 2019 multifamily rental property inventory on Apartment Guide and Rent.com and is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

The post St. Louis Neighborhoods Where Rent is Increasing the Most appeared first on Rent Blog.
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