Cheap Apartments for Rent in Malden, IL from $400 (25 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614
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Rock Falls Apartments
Studio Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included

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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Malden, IL Local Guide

Cheapest Available Malden Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malden, IL is a Studio unit found at Northland Park Apartments priced from $625. Willow Knolls Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Malden apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
Willow Knolls ApartmentsStudioStudio,1BA$700
Winkler Village Apartments1BD 1BTH1BR,1BA$725
The Terraces at DekalbRussell Road StudioStudio,1BA$725
Dixon River Apartments2BD/2BA2BR,1BA$775

Best Value Apartments for Rent in Malden, IL and Nearby

As of June 01, 2025 the best value apartment in the Malden area is the $0.92 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,030. The second greatest value Malden apartment is the 3 Bedroom 2 Bath Model at Eagle Point Apartments starting at $1,550 with a $1.14 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Malden apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.92
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.19
The Grove ApartmentsSignature 2 Bed / 1.5 Bath2BR,1.5BA$1.13
504 S Sweetbriar DrModel2BR,1BA$1.11
Versailles ApartmentsRoyal - 2BR / 1BA2BR,1BA$1.05
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Ashbury Court2B2BR,1BA$1.18
Brighton Woods1Bed1Bath1BR,1BA$1.06
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06

Quick Rent Budget Calculator

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

Explore Malden, IL Rentals by Map

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See the most popular apartments and homes in Malden, IL

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Getting Around Malden, IL

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Malden Apartments

What is the Cheapest Studio apartment in Malden?

Currently the most affordable Cheap Studio Apartment in Malden is at Northland Park Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Malden Apartment is $725 at Winkler Village Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Malden is starting from $775 at Dixon River Apartments.

What is the most affordable Malden Three Bedroom Apartment?

The best deal on a cheap Malden Three Bedroom Apartment rental is at The Terraces at Dekalb and starts from $1,025.

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 Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.