Cheap Homes for Rent near Malden, IL from $700 (15 Rentals)

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

property at 1016 N Maple St

$775

1 Bedroom, 1 Bath Home for Rent

Available Now

1016 N Maple St

PrincetonIL61356
property at 407 6th St

$950

1 Bedroom, 1 Bath Home for Rent

Available Now

407 6th St

MendotaIL61342

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.

property at 118 E Canal St

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

118 E Canal St

North UticaIL61373
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
property at 441 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

441 E Marion St, Unit 2E

441 E Marion St
PrincetonIL61356

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.

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.

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
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$757
Dixon River Apartments2BD/2BA2BR,1BA$775
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$875

Best Value Apartments for Rent in Malden, IL and Nearby

As of July 24, 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
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$0.67
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Eco Park33BR,2BA$1.39
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Versailles ApartmentsHamlet - 1BR / 1BA1BR,1BA$1.13
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Malden

What type of rentals are currently available in Malden?

There are currently 43 Apartments for Rent in Malden, IL with pricing that ranges from $600 to $2,087. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malden ranging from $700 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Malden ranges from $700 to $4,000 with an average monthly rent of $1,786.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Malden range from $910 to $2,087, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,495.

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.

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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.