Cheap Homes for Rent in Malabar, FL from $1,200 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

Showing Results 1-29, Page 1 of 1

Malabar, FL Local Guide

Cheapest Available Malabar Apartments for Rent

 

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 $895. Here is today’s list of the most affordable Malabar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palm Bay ClubB12BR,2BA$546
Indian River FlatsCoralStudio,1BA$895
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
The BraxtonA11BR,1BA$1,225
The Monroe on MontereyA1R1BR,1BA$1,251
Woodlake Village1 Bed 1 Bath1BR,1BA$1,252
Ascent of Palm BayJuniper2BR,1BA$1,294
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,295
The Pointe at Palm BayA11BR,1BA$1,499
IslaA11BR,1BA$1,559

Best Value Apartments for Rent in Malabar, FL

As of November 11, 2025 the best value apartment in the Malabar area is the $1.31 price per square foot Amelia Model at Ascent of Palm Bay in the in the South Cove neighborhood starting from $1,562. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ascent of Palm BayAmelia2BR,2BA$1.31
Palm Bay ClubB12BR,2BA$0.53
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.30
IslaA11BR,1BA$2.06
Woodlake Village1 Bed 1 Bath Deluxe1BR,1BA$1.80
The Pointe at Palm BayA11BR,1BA$2.19
The BraxtonA11BR,1BA$2.06
The Monroe on MontereyA3R1BR,1BA$2.20
Indian River FlatsCoralStudio ,1BA$2.56
Palm Side ApartmentsStudio (Upgraded)Studio ,1BA$3.83

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

Decorative image of map

See the most popular apartments and homes in Malabar, FL

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

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 $995 to $2,199. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malabar ranging from $1,200 to $7,000.

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 $1,200 to $7,000 with an average monthly rent of $2,075.

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.