Cheap Apartments for Rent near Malcolm, AL from $530 (32 Rentals)

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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.

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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.

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Azalea Landing
2 Bedroom Apartments

Azalea Landing

1961 Schillinger Road NorthSemmes, AL 36575
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.

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Live Oak Trace
2 Bedroom Apartments

Live Oak Trace

6275 Overlook RdMobile, AL 36618
Senior Living
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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.

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Showing Results 1-32, 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 1 Bed unit found at Willow Trace Apartments priced from $649. Bay Pointe Apartments in the Owens neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. 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$649
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$725
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$749
Oak Garden1x11BR,1BA$770
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$781
Cottonwood Estates2 Bed/2 Bath2BR,2BA$799
Old Shell CommonsMidtown1BR,1BA$810
Onderdonk Cottages1x11BR,1BA$829
Spartan Crossing1 Bedroom Flats1BR,1BA$835
Forest Hill Apartments2X2_12BR,2BA$950

Best Value Apartments for Rent in Malcolm, AL and Nearby

As of September 08, 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 2 Beds, 1.5 baths Model at Brierwood Townhomes starting at $1,275 with a $1.06 price per square foot in the Outer Saraland 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
Brierwood Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.06
Arbours at Pierce CreekTWO2BR,2BA$0.85
Village at MidtownThe Bienville2BR,2BA$1.04
Cottonwood Estates2 Bed/2 Bath2BR,2BA$0.75
Forest Hill Apartments2X2_12BR,2BA$0.90
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$0.83
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$0.94
Willow Trace Apartments1 Bed/1 Bath1BR,1BA$0.86
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$1.04

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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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

What is the Cheapest Studio apartment in Malcolm?

Currently the most affordable Cheap Studio Apartment in Malcolm is at The Gateway listed at $1,125.

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

The lowest price for a Cheap One Bedroom Malcolm Apartment is $649 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 $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 Willow Trace 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

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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.

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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.

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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.