Rents are 10% below what Spanish Lake's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,249 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Spanish Lake is at its highest level since Zillow's records here began in June 2022.
Rent in Spanish Lake changed +3.5% over the year to September 2026. Across the 60 Missouri cities Zillow tracks, the typical change was +4.4%.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($55,920) is $1,398 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,150); a 3-bedroom is $1,490.
Granite City, IL, 7 miles away, rents for 16% less ($1,046/mo), about $2,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Spanish Lake. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Spanish Lake, MO is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 14.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Spanish Lake, MO has changed in 5 years
Across the past five years, the going rent in Spanish Lake, MO has shifted from $1,037 to $1,249, up 20.4% since 2023. Median household income climbed from $44,095 to $55,920 between 2021 and 2024, a 26.8% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has eased from 52.4% to 50.8%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Spanish Lake, MO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Spanish Lake on your salary?
At $1,249/mo, how Spanish Lake rent compares to typical pay (30% rule).
Spanish Lake rent by bedroom count
Median rent for each apartment size in Spanish Lake. Click any size for full breakdown.
Tips for renters in Spanish Lake
Last updated: October 17, 2026
The median rent in Spanish Lake is $1,249/mo as of October 2026. A studio apartment averages $900/mo while a 2-bedroom runs $1,150/mo. One-bedroom apartments average $930/mo and 3-bedroom units go for $1,490/mo.
At 27% of local median household income ($55,920/yr), Spanish Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
How much income do you need to rent in Spanish Lake?
Is rent going up or down in Spanish Lake?
How does Spanish Lake rent compare to other cities in Missouri?
Which nearby cities are cheaper to rent in than Spanish Lake?
At $1,249/mo, rent takes ~27% of Spanish Lake's median household income ($55,920/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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