Cheap Apartments for Rent in Malcolm, AL from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Malcolm.

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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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.

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Live Oak Trace
2 Bedroom Apartments

Live Oak Trace

6275 Overlook RdMobile, AL 36618
Senior Living
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Azalea Landing
2 Bedroom Apartments

Azalea Landing

1961 Schillinger Road NorthSemmes, AL 36575
Senior Living

Cash 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.

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Spartan Crossing
1 to 2 Bedroom Apartments

Spartan Crossing

804 Saraland Blvd SSaraland, AL 36571
  • Utilities Included

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.

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Malcolm, AL Local Guide

Cheapest Available Malcolm Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malcolm, AL is a 1 Bed unit found at Willow Trace Apartments priced from $629. Megan Manor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $679. Here is today’s list of the most affordable Malcolm apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Trace Apartments1 Bed/1 Bath1BR,1BA$629
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$679
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$725
Cottonwood Estates2 Bed/2 Bath2BR,2BA$729
Oak Garden1x11BR,1BA$770
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$781
Forest Hill Apartments1X11BR,1BA$800
Old Shell CommonsMidtown1BR,1BA$810
Onderdonk Cottages1x11BR,1BA$829
Arbours at SatsumaOne Bedroom1BR,1BA$835

Best Value Apartments for Rent in Malcolm, AL and Nearby

As of June 08, 2026 the best value apartment in the Malcolm area is the $1.06 price per square foot 2 BEDROOMS 2 BATHROOMS Model at Midtown Oaks Townhomes in the in the Downtown Mobile neighborhood starting from $1,330. The second greatest value Malcolm apartment is the TWO Model at Arbours at Pierce Creek starting at $995 with a $0.85 price per square foot in the West Mobile neighborhood. Here is today’s list of the best values for Malcolm apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Midtown Oaks Townhomes2 BEDROOMS 2 BATHROOMS2BR,2BA$1.06
Arbours at Pierce CreekTWO2BR,2BA$0.85
Megan Manor Apartments3 Bed/1 Bath3BR,1BA$0.76
Cottonwood Estates2 Bed/2 Bath2BR,2BA$0.68
Arbours at SatsumaOne Bedroom1BR,1BA$0.88
Forest Hill Apartments1X11BR,1BA$0.99
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$0.94
Willow Trace Apartments1 Bed/1 Bath1BR,1BA$0.83
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$1.04
Onderdonk Cottages1x11BR,1BA$1.11

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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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!

Explore Malcolm, AL Rentals by Map

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See the most popular apartments and homes in Malcolm, AL

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Frequently Asked Questions about Cheap Malcolm Apartments

How much is rent for a Cheap One Bedroom Malcolm Apartment?

The lowest price for a Cheap One Bedroom Malcolm Apartment is $629 at Willow Trace Apartments.

What is the lowest price for a Cheap Two Bedroom Malcolm Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Malcolm is starting from $679 at Megan Manor Apartments.

What is the most affordable Malcolm Three Bedroom Apartment?

The best deal on a cheap Malcolm Three Bedroom Apartment rental is at Megan Manor Apartments and starts from $829.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.