Cheap Homes for Rent in Malabar, FL from $500 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 3912 Overlook Dr

3912 Overlook Dr

Palm BayFL32905
Showing Results 1-16, Page 1 of 1

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 $949. 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$949
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Ascent of Palm BayCape1BR,1BA$1,225
Palm Bay ClubB12BR,2BA$1,299
The BraxtonA11BR,1BA$1,315

Best Value Apartments for Rent in Malabar, FL and Nearby

As of July 25, 2025 the best value apartment in the Malabar area is the $1.25 price per square foot B1 Model at Palm Bay Club in the in the South Cove neighborhood starting from $1,299. 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.
Palm Bay ClubB12BR,2BA$1.25
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.50
1700 Forest2 Bedroom2BR,2BA$1.70
Ascent of Palm BayCape1BR,1BA$1.40
The Pointe at Palm BayA21BR,1BA$1.90
IslaA11BR,1BA$2.02
Woodlake Village1 Bed 1 Bath Deluxe1BR,1BA$1.80
The BraxtonA11BR,1BA$2.21
The Monroe on MontereyA3R1BR,1BA$2.33
Indian River FlatsCoralStudio ,1BA$2.71

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

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 $949 to $3,038. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malabar ranging from $599 to $6,000.

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 $6,000 with an average monthly rent of $1,889.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.