Cheap Apartments for Rent in Malabar, FL from $900 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in Malabar.

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The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
  • Utilities Included

Malabar, FL Local Guide

Cheapest Available Malabar Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malabar, FL is a Studio unit found at Indian River Flats in the South Cove neighborhood priced from $1,028. Palm Side Apartments in the The Compound neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Malabar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio,1BA$1,028
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
The Monroe on MontereyA31BR,1BA$1,160
Ascent of Palm BayCape1BR,1BA$1,195
Palm Bay ClubB12BR,2BA$1,262

Best Value Apartments for Rent in Malabar, FL and Nearby

As of September 10, 2025 the best value apartment in the Malabar area is the $1.22 price per square foot B1 Model at Palm Bay Club in the in the South Cove neighborhood starting from $1,262. The second greatest value Malabar apartment is the 2BR/1.0BA Model at Mercury Cove Apartments starting at $1,395 with a $1.40 price per square foot in the South Cove neighborhood. Here is today’s list of the best values for Malabar apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Palm Bay ClubB12BR,2BA$1.22
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.40
Ascent of Palm BayCape1BR,1BA$1.36
The Pointe at Palm BayA21BR,1BA$1.91
IslaA11BR,1BA$2.12
Woodlake Village1 Bed 1 Bath Deluxe1BR,1BA$1.80
The BraxtonA11BR,1BA$2.21
The Monroe on MontereyA3R1BR,1BA$2.34
Indian River FlatsCoralStudio ,1BA$2.94
Palm Side ApartmentsStudio (Upgraded)Studio ,1BA$3.83

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Malabar, FL

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Malabar Apartments

What is the Cheapest Studio apartment in Malabar?

Currently the most affordable Cheap Studio Apartment in Malabar is at Indian River Flats listed at $1,028.

How much is rent for a Cheap One Bedroom Malabar Apartment?

The lowest price for a Cheap One Bedroom Malabar Apartment is $1,173 at The Monroe on Monterey.

What is the lowest price for a Cheap Two Bedroom Malabar Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Malabar is starting from $1,262 at Palm Bay Club.

What is the most affordable Malabar Three Bedroom Apartment?

The best deal on a cheap Malabar Three Bedroom Apartment rental is at Ascent of Palm Bay and starts from $1,457.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Written by: Christine Leonard, Esq.

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.