Cheap Homes for Rent near Malabar, FL from $795 (28 Rentals)

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

property at 4412 Overlook Dr
$1,195
1 Bedroom Rentals
Available Now
Affordability

4412 Overlook Dr

Palm BayFL32905
property at 1641 Sunny Brook Ln
$1,250 - $1,450
1 To 2 Bedroom Rentals
Available Now
Affordability

1641 Sunny Brook Ln

Palm BayFL32905

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 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

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.

property at 1680 Sunny Brook Ln
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 2 Bath Condo for Rent
Available Now
Furnished

1680 Sunny Brook Ln, Unit 211

1680 Sunny Brook Ln
Palm BayFL32905
property at 2190 Forest Knoll Dr NE
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 2 Bath Condo for Rent
Available Now

2190 Forest Knoll Dr NE, Unit 207

2190 Forest Knoll Dr 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 1527 Waldorf Cir NE
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
2 Bedroom, 2 Bath Townhome for Rent
Available Now

1527 Waldorf Cir NE

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.

Malabar, FL Local Guide

Cheapest Available Malabar Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malabar, FL is a 1 Bed unit found at THE PARK AT PALM BAY in the The Compound neighborhood priced from $1,049. The Monroe on Monterey in the South Cove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Malabar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
THE PARK AT PALM BAY1 Bed 1 Bath1BR,1BA$1,049
The Monroe on MontereyA31BR,1BA$1,095
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The BraxtonA31BR,1BA$1,375
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,375
Azara Palm BayB12BR,2BA$1,399
Ascent of Palm BaySanibel2BR,2BA$1,401
IslaA11BR,1BA$1,429
The Pointe at Palm BayA11BR,1BA$1,458
Tides at Palm BayThe Anchor | StudioStudio,1BA$1,564

Best Value Apartments for Rent in Malabar, FL and Nearby

As of September 09, 2026 the best value apartment in the Malabar area is the $1.26 price per square foot Sanibel Model at Ascent of Palm Bay in the in the South Cove neighborhood starting from $1,401. The second greatest value Malabar apartment is the B1 Model at Azara Palm Bay starting at $1,399 with a $1.35 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.
Ascent of Palm BaySanibel2BR,2BA$1.26
Azara Palm BayB12BR,2BA$1.35
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.38
1831 Convair St SE, Unit #1011831 Convair St SE2BR,1.5BA$1.67
IslaA11BR,1BA$1.89
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$2.37
The Monroe on MontereyA3R1BR,1BA$2.11

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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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.

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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

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.

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

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Frequently Asked Questions about Malabar

What type of rentals are currently available in Malabar?

There are currently 58 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 $795 to $8,000.

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 $795 to $8,000 with an average monthly rent of $2,018.

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 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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.