Cheap Homes for Rent in Malabar, FL from $500 (27 Rentals)

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

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.

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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.

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property at 1123 Tree Ridge Ln NE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

1123 Tree Ridge Ln NE

Palm BayFL32905
property at 451 Mercury Ave SE

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

2 Bedroom, 1 Bath Condo for Rent

Available Now

451 Mercury Ave SE, Unit 201

451 Mercury Ave SE
Palm BayFL32909

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.

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property at 4714 Overlook Dr

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

1 Bedroom, 1 Bath Condo for Rent

Available Now

4714 Overlook Dr

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.

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property at 1680 Sunny Brook Ln

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

1680 Sunny Brook Ln, Unit 211

1680 Sunny Brook Ln
Palm BayFL32905
Showing Results 1-27, Page 1 of 1

Malabar, FL Local Guide

Cheapest Available Malabar Apartments for Rent

 

The cheapest available apartment rental in Malabar, FL is a Studio unit found at Indian River Flats in the South Cove neighborhood priced from $1,029. The Monroe on Monterey in the South Cove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,180. Here is today’s list of the most affordable Malabar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio,1BA$1,029
The Monroe on MontereyA11BR,1BA$1,180
Ascent of Palm BayCape1BR,1BA$1,205
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The BraxtonA11BR,1BA$1,285
Azara Palm BayB12BR,2BA$1,291
The Pointe at Palm BayA11BR,1BA$1,488
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,495
IslaA11BR,1BA$1,529

Best Value Apartments for Rent in Malabar, FL

As of July 26, 2026 the best value apartment in the Malabar area is the $1.25 price per square foot B1 Model at Azara Palm Bay in the in the South Cove neighborhood starting from $1,291. The second greatest value Malabar apartment is the 2BR/1.0BA Model at Mercury Cove Apartments starting at $1,495 with a $1.50 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.
Azara Palm BayB12BR,2BA$1.25
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.50
1831 Convair St SE, Unit #1011831 Convair St SE2BR,1.5BA$1.67
Ascent of Palm BayCape1BR,1BA$1.38
IslaA11BR,1BA$2.02
Woodlake Village1 Bed 1 Bath1BR,1BA$1.77
The Pointe at Palm BayA11BR,1BA$2.17
Tides at Palm BayThe Anchor | StudioStudio ,1BA$2.47
The BraxtonA41BR,1BA$2.49
The Monroe on MontereyA3R1BR,1BA$2.14

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.

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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.

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Quick Rent Budget Calculator

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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.

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

Explore Malabar, FL Rentals by Map

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See the most popular apartments and homes in Malabar, FL

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Frequently Asked Questions about Malabar

What type of rentals are currently available in Malabar?

There are currently 56 Apartments for Rent in Malabar, FL with pricing that ranges from $1,029 to $4,500. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malabar ranging from $599 to $5,000.

What is the current price range for Rental Homes in Malabar?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Malabar ranges from $599 to $5,000 with an average monthly rent of $2,117.

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

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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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.