Cheap Apartments for Rent in the Malden Center Neighborhood of Malden, MA from $1,500 (136 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Malden Center area of 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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Showing Results 1-50, Page 1 of 3

Cheapest Available Malden Center Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700

Best Value Apartments for Rent in Malden Center, MA

As of June 02, 2025 the best value apartment in the Malden Center area is the $0.20 price per square foot 69 Washington St Model at 69 Washington St, Unit #18 in the in the Ferryway neighborhood starting from $2,000. The second greatest value Malden Center apartment is the 12 Shawmut St Model at 12 Shawmut St, Unit #1 starting at $2,000 with a $0.20 price per square foot in the Ferryway neighborhood. Here is today’s list of the best values for Malden Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
12 Shawmut St, Unit #112 Shawmut St1BR,1BA$0.20
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
14 Chestnut St, Unit 214 Chestnut St4BR,2BA$2.53
14 Chestnut St, Unit 414 Chestnut St4BR,2BA$2.61
51 Pearl St, Unit #30351 Pearl St2BR,2BA$2.07
106 Washington St, Unit #1106 Washington St3BR,1.5BA$2.67
26 Clement St, Unit #126 Clement St2BR,1BA$2.67
225 Highland Ave225 Highland Ave2BR,1BA$2.45
384 Medford St, Unit 1384 Medford St2BR,1BA$2.40

Getting Around the Malden Center Neighborhood in Malden, MA

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

64 / 100

Good Transit

Many nearby public transportation options

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 Center Apartments

What is a cheap apartment in Malden Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Malden Center is under $1,700.

What is the price of a cheap apartment in Malden Center?

The cheapest apartment in Malden Center is Parkwood Apartments which is listed at $1,950, while the average apartment in Malden Center costs $4,500.

What types of apartments are the cheapest in Malden Center?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 237 regular apartments in Malden Center that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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

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

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