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CoStar Insight

St. Louis apartment construction slows as costs climb

Completions projected to reach a four-year low in 2025
The Porter Apartments, a 255-unit apartment building in Westport, opened early this year. (CoStar)
The Porter Apartments, a 255-unit apartment building in Westport, opened early this year. (CoStar)
CoStar Analytics
August 21, 2025 | 4:40 P.M.

With construction and borrowing costs remaining elevated and rising operating expenses, apartment development in St. Louis has slowed considerably in recent years.

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