Cheap Apartments for Rent in Malta, IL from $400 (40 Rentals)

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

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Malta Manor II
1 to 2 Bedroom Apartments

Malta Manor II

200 N 2nd StMalta, IL 60150

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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4651 GOVERNORS DR
1 to 2 Bedroom Apartments

4651 GOVERNORS DR

4651 Governors DrRockford, IL 61109
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4604 Governors Dr
1 to 2 Bedroom Apartments

4604 Governors Dr

4604 Governors DrRockford, IL 61109

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.

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4714 Trevor Cir
1 to 2 Bedroom Apartments

4714 Trevor Cir

4714 Trevor CirRockford, IL 61109
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4551 Governors Dr
2 Bedroom Apartments

4551 Governors Dr

4551 Governors DrRockford, IL 61109
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4536 Trevor Cir
1 to 2 Bedroom Apartments

4536 Trevor Cir

4536 Trevor CirRockford, IL 61109
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311 W Roosevelt St
2 Bedroom Apartments

311 W Roosevelt St

311 W Roosevelt StDekalb, IL 60115
  • 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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Malta, IL Local Guide

Cheapest Available Malta Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malta, IL is a Studio unit found at University Heights Apartments in the Devonaire Farms neighborhood priced from $780. The Terraces at Dekalb on Hillcrest Drive in the Devonaire Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Malta apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Heights ApartmentsStStudio,1BA$780
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$825
4566 Governors Dr1BR/1.0BA1BR,1BA$950
Ashbury Court2B2BR,1BA$1,075
Beacon Hill ApartmentsDahlia2BR,1BA$1,381
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Isaac Executive SuitesJunior One BedroomStudio,1BA$1,400
Cortland EstatesThree Bedroom3BR,2BA$1,648
Hunter Star PropertiesHunter Star - 8 Bedroom 2.5 Bath8BR,2BA$2,100
Mason Townhouse Suites4 TH4BR,3BA$2,150

Best Value Apartments for Rent in Malta, IL and Nearby

As of June 22, 2026 the best value apartment in the Malta area is the $0.98 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,150. The second greatest value Malta apartment is the Gregory End Model at Terrabrook at Prairie Ridge starting at $2,500 with a $1.37 price per square foot . Here is today’s list of the best values for Malta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.98
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.37
Beacon Hill ApartmentsDahlia Deluxe2BR,1BA$1.70
Ashbury Court2B2BR,1BA$1.30
4566 Governors Dr1BR/1.0BA1BR,1BA$1.36
University Heights ApartmentsStStudio ,1BA$1.80
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$2.06
University Plaza ApartmentsA1 Floor Plan1BR,1BA$3.15

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!

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Frequently Asked Questions about Cheap Malta Apartments

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

The lowest price for a Cheap One Bedroom Malta Apartment is $825 at The Terraces at Dekalb on Hillcrest Drive.

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

Today's best deal for a Cheap Two Bedroom Apartment in Malta is starting from $1,075 at Ashbury Court.

What is the most affordable Malta Three Bedroom Apartment?

The best deal on a cheap Malta Three Bedroom Apartment rental is at The Terraces at Dekalb on Hillcrest Drive and starts from $1,220.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.