Cheap Apartments for Rent near Malcolm, AL from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Azalea Landing
2 Bedroom Apartments

Azalea Landing

1961 Schillinger Road NorthSemmes, AL 36575
Senior Living
close
View Me
Live Oak Trace
2 Bedroom Apartments

Live Oak Trace

6275 Overlook RdMobile, AL 36618
Senior Living

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.

Read Article
close
View Me
Spartan Crossing
1 to 2 Bedroom Apartments

Spartan Crossing

804 Saraland Blvd SSaraland, AL 36571
  • Utilities Included

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.

Read Article
Showing Results 1-36, Page 1 of 1

Malcolm, AL Local Guide

Cheapest Available Malcolm Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malcolm, AL is a 2 Beds unit found at Bay Pointe Apartments in the Owens neighborhood priced from $725. Megan Manor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $749. Here is today’s list of the most affordable Malcolm apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$725
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$749
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$781
Willow Trace Apartments2 Bed/2 Bath2BR,2BA$799
Cottonwood Estates2 Bed/2 Bath2BR,2BA$799
Forest Hill Apartments1X11BR,1BA$800
Old Shell CommonsMidtown1BR,1BA$810
Oak Garden1x1 R1BR,1BA$820
Onderdonk Cottages1x11BR,1BA$829
Midtown Oaks Townhomes2 BEDROOMS 1 BATHROOM2BR,1BA$985

Best Value Apartments for Rent in Malcolm, AL and Nearby

As of July 24, 2026 the best value apartment in the Malcolm area is the $1.07 price per square foot 3 BEDROOMS 1 BATHROOM Model at Midtown Oaks Townhomes in the in the Downtown Mobile neighborhood starting from $1,395. The second greatest value Malcolm apartment is the 2x1.5 Model at Conti Bienville Apartments starting at $1,500 with a $1.15 price per square foot in the Owens 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 Townhomes3 BEDROOMS 1 BATHROOM3BR,1BA$1.07
Conti Bienville Apartments2x1.52BR,1.5BA$1.15
Cottonwood Estates2 Bed/2 Bath2BR,2BA$0.75
Willow Trace Apartments2 Bed/2 Bath2BR,2BA$0.79
The Flats at Midtown3 Bedroom3BR,1BA$1.08
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$0.83
Forest Hill Apartments1X11BR,1BA$0.99
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$0.94
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Malcolm, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Malcolm, AL

View Map
Malcolm, AL Apartments Map
View Map
Malcolm, AL Rental Homes Map

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 $781 at Brookley Pointe.

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 $725 at Bay Pointe 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 $899.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.