Cheap Apartments for Rent near Malden, IL from $600 (40 Rentals)

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

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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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included
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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 to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included
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Woods + Meadow Apartments
Studio to 1 Bedroom Apartments

Woods + Meadow Apartments

2215 W Willow Knolls DrPeoria, IL 61614
Corporate Housing
  • Utilities Included

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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Willow Way
1 to 2 Bedroom Apartments

Willow Way

2630 W Willowlake DrPeoria, IL 61614
  • Smoke Free
property at 407 6th St

$875

1 Bedroom, 1 Bath Home for Rent

Available Now

407 6th St

MendotaIL61342

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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property at 437 E Marion St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Now

437 E Marion St, Unit 2E

437 E Marion St
PrincetonIL61356

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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Showing Results 1-40, Page 1 of 1

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. Winkler Village Apartments in the Woodford County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Malden apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Dixon River Apartments2BD/2BA2BR,1BA$775
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$799
The Grove ApartmentsStandard 1 Bed / 1 Bath1BR,1BA$975
Dunlap Lakeside2 Beds, 1 Baths2BR,1BA$1,050
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,075
Kellogg Place Apartments2 Bed / 1 Bath2BR,1BA$1,075
Flats at DunlapOne Bedroom, One Bathroom1BR,1BA$1,090
Woodsage Apartments1 Bedroom Unit1BR,1BA$1,145

Best Value Apartments for Rent in Malden, IL and Nearby

As of August 21, 2026 the best value apartment in the Malden area is the $0.93 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Dekalb neighborhood starting from $2,050. The second greatest value Malden apartment is the 3 Bedroom 2 Bath Model at Eagle Point Apartments starting at $1,600 with a $1.18 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$0.93
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.18
The Grove ApartmentsSignature 3 Bed, 2 Bath | 1,160 Sq Ft3BR,2BA$1.36
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Eco Park33BR,2BA$1.39
Kellogg Place Apartments2 Bed / 1 Bath2BR,1BA$1.23
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Woodsage Apartments1 Bedroom Unit1BR,1BA$1.44
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.43
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06

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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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 Malden, IL Rentals by Map

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See the most popular apartments and homes in Malden, IL

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Frequently Asked Questions about Cheap Malden Apartments

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 Dixon River Apartments and starts from $910.

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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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.

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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.