
Cheap Apartments for Rent in Malabar, FL from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Malabar.


1623 Painter St SE

Indian River Flats

Palm Side Apartments
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.

Park at Palm Bay Apartments

The Monroe on Monterey

1660 Bottlebrush Dr

The Pines Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,052 | $896 | $1,150 |
| Malabar 1 Bedroom Apartments | $1,310 | $1,046 | $1,624 |
| Malabar 2 Bedroom Apartments | $1,473 | $546 | $1,995 |
| Malabar 3 Bedroom Apartments | $1,881 | $1,428 | $2,199 |
Browse Top Apartments in Malabar
See all Apartments in MalabarExplore Malabar
Malabar, FL Local Guide
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Cheapest Available Malabar Apartments for Rent and Nearby
 The cheapest available apartment rental in Malabar, FL is a 2 Beds unit found at Palm Bay Club in the South Cove neighborhood priced from $546. Indian River Flats in the South Cove neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $896. Here is today’s list of the most affordable Malabar apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palm Bay Club | B1 | 2BR,2BA | $546 |
| Indian River Flats | Coral | Studio,1BA | $896 |
| The Monroe on Monterey | A3 | 1BR,1BA | $1,083 |
Best Value Apartments for Rent in Malabar, FL and Nearby
As of January 20, 2026 the best value apartment in the Malabar area is the $1.70 price per square foot B2 Model at The Pointe at Palm Bay in the in the The Compound neighborhood starting from $1,899. The second greatest value Malabar apartment is the B1 Model at Palm Bay Club starting at $546 with a $0.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Pointe at Palm Bay | B2 | 2BR,2BA | $1.70 |
| Palm Bay Club | B1 | 2BR,2BA | $0.53 |
| Mercury cove Apartments | 2BR/1.0BA | 2BR,1BA | $1.40 |
| Ascent of Palm Bay | Cape | 1BR,1BA | $1.37 |
| Isla | A1 | 1BR,1BA | $2.06 |
| Woodlake Village | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
| The Braxton | A1 | 1BR,1BA | $2.09 |
| The Monroe on Monterey | A3R | 1BR,1BA | $2.19 |
| Indian River Flats | Pearl | 1BR,1BA | $2.58 |
| Palm Side Apartments | Studio (Upgraded) | Studio ,1BA | $3.83 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 $896.
How much is rent for a Cheap One Bedroom Malabar Apartment?
The lowest price for a Cheap One Bedroom Malabar Apartment is $1,083 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 $546 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 $1,428.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!