Apartments for Rent in Missouri

The great state of Missouri is known nationwide for its breath taking views of vast fertile lands, rolling prairies and clear blue rivers. The eastern border of the state of Missouri is guarded by the famed Mississippi River which winds across the state. The waterways in the region are well-celebrated as they played a major role in the founding of region by sending countless suppliers to the pioneers of the state.

Thanks to its rich natural heritage and commitment by all levels of government to spur on investment and create new, well-paying jobs in the region, the state of Missouri is becoming a favorite for both millennials seeking a relaxed way of life and a more managed cost structure as well as working professionals wanting more for their money and young families in need of larger living spaces with good and reliable healthcare options.  The increased attractiveness of the state has caused home prices to rise of late, but with many affordable apartments for rent prospective tenants are able to view and consider many viable options before ultimately deciding which Missouri apartment is best for them.

For the art and culture enthusiast, the state of Missouri has plenty to offer.  With a rich history that dates back to the earliest days of the nation, the state of Missouri has many well-attended museums and art galleries including Air and Military Museums as well as the Pony Express National Museum.  Home to many musicians and excellent cuisine, infused by the flavors of the region, the state of Missouri is an attractive, exciting, entertaining and affordable place to live and rent.

Compared to other regions in the United States, the cost of living in Missouri is extremely.  Taxes are very low in the region and with little of the state developed into a metropolitan urban setting, the cost of Missouri apartments remains low.  It is worth noting that household incomes in the region are also lower than other parts of the US.  Those considering a move to Missouri are encouraged to research the market extensively and to budget wisely as high-paying jobs are not readily available as they are in other most developed regions.

Missouri has different laws of tenancy that one needs to understand before engaging in any apartment rental or leasing discussions.  Consider the following few tips for those considering Missouri apartments for rent:

Damage Deposit

Security deposits are not to exceed two month’s rent.  Held in trust by the landlord, tenants are often required to post a refundable deposit before renting an apartment in Missouri.  The damage deposit acts in the landlord’s favor by providing security against the destruction of property, beyond what would be reasonably considered normal wear and tear, as a result of your living in the apartment.  Damage deposits are usually repaid, net of any agreed charges and costs to cover at fault repairs by the tenants, within 30-days of the end of the tenancy.  

Monthly Rent

Tenants are strongly encouraged to create an accurate budget before beginning their Missouri apartment search.  While there are plenty of readily available apartments across the state, many of them offering modern finishes and comprehensive sets of features and amenities, renting an apartment in Missouri that you cannot afford can be a devastating experience.  As a general rule, your total apartment expense, which includes your rent, utilities and other related costs like parking fees, should not exceed 50% of your after-tax net income.  If you are considering an apartment that costs more than half of your take-home pay, we strongly encourage you to either consider getting a roommate to help offset some of those charges, or to simply keep looking for a property that you can more readily afford.