Cheap Apartments for Rent near Malabar, FL from $995 (46 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Ascent of Palm Bay
$1,347 - $1,759

Total Monthly Price

Base Rent$1,347 - $1,759

Total Monthly Price$1,347 - $1,759
1 to 3 Bedroom Apartments Available Now

Ascent of Palm Bay

3350 Wedgewood Dr NEPalm Bay, FL 32905
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 2190 Forest Knoll Dr NE
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

2190 Forest Knoll Dr NE, Unit 201

2190 Forest Knoll Dr NE
Palm BayFL32905
property at 4612 Tree Ridge Ln NE
$1,600

Total Monthly Price

Base Rent$1,600

Total Monthly Price$1,600
2 Bedroom, 2 Bath Home for Rent
Available Now

4612 Tree Ridge Ln NE

Palm BayFL32905
close
View Me
The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
  • Utilities Included

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.

close
View Me
Palm Side Apartments
Studio to 2 Bedroom Apartments

Palm Side Apartments

210 Interchange Dr NEPalm Bay, FL 32907
close
View Me
Thor
2 Bedroom Apartments

Thor

210 Thor Ave SEPalm Bay, FL 32909
property at 1123 Tree Ridge Ln NE
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1123 Tree Ridge Ln NE

Palm BayFL32905

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.

property at 441 Mercury Ave SE
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

441 Mercury Ave SE, Unit 203

441 Mercury Ave SE
Palm BayFL32909
property at 451 Mercury Ave SE
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

451 Mercury Ave SE, Unit 102

451 Mercury Ave SE
Palm BayFL32909
property at 1680 Sunny Brook Ln
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
2 Bedroom, 2 Bath Condo for Rent
Available Now
Furnished

1680 Sunny Brook Ln, Unit 211

1680 Sunny Brook Ln
Palm BayFL32905

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.

close
View Me
1700 Forest
2 to 3 Bedroom Apartments

1700 Forest

1700 Forest Knoll Drive Dr NEPalm Bay, FL 32905

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.

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 $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 ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio, 1BA$995
THE PARK AT PALM BAY1 Bed 1 Bath1BR, 1BA$1,049
The Monroe on MontereyA31BR, 1BA$1,182
Woodlake Village1 Bed 1 Bath1BR, 1BA$1,240
Mercury Cove Apartments2BR/1.0BA2BR, 1BA$1,295
Ascent of Palm BayCape1BR, 1BA$1,347
The BraxtonA11BR, 1BA$1,350
Azara Palm BayB12BR, 2BA$1,418
The Pointe at Palm BayA11BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Azara Palm BayB12BR, 2BA$1.37
Mercury Cove Apartments2BR/1.0BA2BR, 1BA$1.30
1831 Convair St SE, Unit #1011831 Convair St SE2BR, 1.5BA$1.67
Ascent of Palm BayCape1BR, 1BA$1.54
IslaA11BR, 1BA$2.17
Woodlake Village1 Bed 1 Bath1BR, 1BA$1.77
The Pointe at Palm BayA11BR, 1BA$2.13
THE PARK AT PALM BAY1 Bed 1 Bath1BR, 1BA$1.60
The BraxtonA41BR, 1BA$2.36
The Monroe on MontereyA1R1BR, 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 Article
Decorative image

Navigating 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 Article

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Malabar, FL Rentals by Map

View Map
Malabar, FL Apartments Map
View Map
Malabar, FL Rental Homes Map

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.