
Cheap Apartments for Rent near Malabar, FL from $995 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Malabar.


THE PARK AT PALM BAY

Bottlebrush Apartments

The Monroe on Monterey

Woodlake Village

1895 Convair St SE

The Braxton

Total Monthly Price
Ascent of Palm Bay

1884 Agora Cir SE
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1870 Agora Cir SE, Unit 202

2190 Forest Knoll Dr NE, Unit 201

Azara Palm Bay

The Pointe at Palm Bay

2130 Forest Knoll Dr NE, Unit #107

Total Monthly Price
1831 Convair St SE, Unit #101

4612 Tree Ridge Ln NE

1623 Painter St SE

The Pines Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Palm Side Apartments

2848 Shwonda Ave NE

Thor

1300 Arlington Ln NE

4616 Overlook Dr

341 Mercury Ave SE

Mercury Cove Apartments

1051 Clearmont St NE

1123 Tree Ridge Ln NE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2836 Shwonda Ave NE

441 Mercury Ave SE, Unit 203

451 Mercury Ave SE, Unit 102

2130 Forest Knoll Dr NE

1680 Sunny Brook Ln

1680 Sunny Brook Ln, Unit 211

1019 Nebraska St NE

1656 Sunny Brook Ln

1609 Sunny Brook Ln
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1625 Sunny Brook Ln

1633 Sunny Brook Ln

1664 Sunny Brook Ln

2101 Forest Knoll Dr NE

3321 Kirkland Rd NE

2190 Forest Knoll Dr NE

1700 Forest

2111 Vista Oaks Cir NE

753 Bianca Dr NE
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2100 Forest Knoll Dr NE
Malabar, FL Local Guide

How much does it cost to rent an apartment in Malabar?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Malabar Studio Apartments | $1,511 | $995 | $1,865 |
| Malabar 1 Bedroom Apartments | $1,830 | $1,049 | $2,280 |
| Malabar 2 Bedroom Apartments | $2,171 | $1,257 | $2,875 |
| Malabar 3 Bedroom Apartments | $2,734 | $1,455 | $7,474 |
Browse Top Apartments in Malabar
See all Apartments in MalabarExplore Malabar
Malabar, FL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $995. THE PARK AT PALM BAY in the The Compound neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Malabar apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indian River Flats | Coral | Studio, 1BA | $995 |
| THE PARK AT PALM BAY | 1 Bed 1 Bath | 1BR, 1BA | $1,049 |
| The Monroe on Monterey | A3 | 1BR, 1BA | $1,182 |
| Woodlake Village | 1 Bed 1 Bath | 1BR, 1BA | $1,240 |
| Mercury Cove Apartments | 2BR/1.0BA | 2BR, 1BA | $1,295 |
| Ascent of Palm Bay | Cape | 1BR, 1BA | $1,347 |
| The Braxton | A1 | 1BR, 1BA | $1,350 |
| Azara Palm Bay | B1 | 2BR, 2BA | $1,418 |
| The Pointe at Palm Bay | A1 | 1BR, 1BA | $1,458 |
Best Value Apartments for Rent in Malabar, FL and Nearby
As of September 29, 2026 the best value apartment in the Malabar area is the $1.37 price per square foot B1 Model at Azara Palm Bay in the South Cove neighborhood starting from $1,418. The second greatest value Malabar apartment is the 2BR/1.0BA Model at Mercury Cove Apartments in the South Cove neighborhood starting at $1,295 with a $1.30 price per square foot. Here is today’s list of the best values for Malabar apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Azara Palm Bay | B1 | 2BR, 2BA | $1.37 |
| Mercury Cove Apartments | 2BR/1.0BA | 2BR, 1BA | $1.30 |
| 1831 Convair St SE, Unit #101 | 1831 Convair St SE | 2BR, 1.5BA | $1.67 |
| Ascent of Palm Bay | Cape | 1BR, 1BA | $1.54 |
| Isla | A1 | 1BR, 1BA | $2.17 |
| Woodlake Village | 1 Bed 1 Bath | 1BR, 1BA | $1.77 |
| The Pointe at Palm Bay | A1 | 1BR, 1BA | $2.13 |
| THE PARK AT PALM BAY | 1 Bed 1 Bath | 1BR, 1BA | $1.60 |
| The Braxton | A4 | 1BR, 1BA | $2.36 |
| The Monroe on Monterey | A1R | 1BR, 1BA | $2.18 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Malabar, FL Rentals by Map
See the most popular apartments and homes in Malabar, FL
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 $995.
How much is rent for a Cheap One Bedroom Malabar Apartment?
The lowest price for a Cheap One Bedroom Malabar Apartment is $1,049 at THE PARK AT PALM BAY.
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 $1,257 at THE PARK AT PALM BAY.
What is the most affordable Malabar Three Bedroom Apartment?
The best deal on a cheap Malabar Three Bedroom Apartment rental is at THE PARK AT PALM BAY and starts from $1,455.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.