Cheap Homes for Rent in Malcolm, AL from $500 (11 Rentals)

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

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.

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.

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 Forest Hill Apartments in the College Park neighborhood priced from $730. The Flats at Midtown in the Downtown Mobile neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $737. Here is today’s list of the most affordable Malcolm apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forest Hill Apartments1X11BR,1BA$730
The Flats at Midtown2 Bedroom 1 Bath2BR,1BA$737
Arbours at SatsumaOne Bedroom1BR,1BA$760
Arbours at Pierce CreekTWO2BR,2BA$768
Live Oak Trace2 BR2BR,2BA$777

Best Value Apartments for Rent in Malcolm, AL and Nearby

As of September 09, 2025 the best value apartment in the Malcolm area is the $1.15 price per square foot 2x1.5 Model at Conti Bienville Apartments in the in the Owens neighborhood starting from $1,500. The second greatest value Malcolm apartment is the 2 Beds, 1.5 baths Model at Brierwood Townhomes starting at $1,350 with a $1.13 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.
Conti Bienville Apartments2x1.52BR,1.5BA$1.15
Brierwood Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.13
Midtown Oaks Townhomes2 BEDROOMS 1 BATHROOM2BR,1BA$0.99
Arbours at Pierce CreekTWO2BR,2BA$0.66
Village at MidtownThe Jackson1BR,1BA$1.08
Stonewall Apartments2 Bedroom2BR,1BA$0.95
Arbours at SatsumaOne Bedroom1BR,1BA$0.81
Forest Hill Apartments1X11BR,1BA$0.90
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$1.07
The Flats at Midtown2 Bedroom 1 Bath2BR,1BA$1.10

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

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Frequently Asked Questions about Malcolm

What type of rentals are currently available in Malcolm?

There are currently 38 Apartments for Rent in Malcolm, AL with pricing that ranges from $465 to $2,894. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malcolm ranging from $595 to $2,300.

What is the current price range for Rental Homes in Malcolm?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Malcolm ranges from $595 to $2,300 with an average monthly rent of $1,235.

How much are larger Three and Four Bedroom Rentals in Malcolm?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Malcolm range from $530 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,710.

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.

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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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.