Cheap Homes for Rent in Malta, IL from $600 (10 Rentals)

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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 2 Beds unit found at Willis Senior Lofts priced from $654. The Terraces at Dekalb in the Devonaire Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Malta apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willis Senior Lofts2 Bedroom - Subsidized2BR,1BA$654
The Terraces at DekalbRussell Road StudioStudio,1BA$725
Ashbury CourtSTStudio,1BA$775

Best Value Apartments for Rent in Malta, IL and Nearby

As of July 11, 2025 the best value apartment in the Malta area is the $1.61 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,950. The second greatest value Malta apartment is the Barrington Plaza Realty.. Model at Barrington Plaza Realty starting at $1,650 with a $0.98 price per square foot in the Devonaire Farms neighborhood. 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.
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.61
Barrington Plaza RealtyBarrington Plaza Realty..5BR,2BA$0.98
1012-1070 Turin2BR/2.0BA2BR,2BA$1.62
Amber Manor3 Bedroom Two Bathroom3BR,2BA$1.19
Colonial Apartments3 TH3BR,1.5BA$1.23
Eco Park33BR,2BA$1.69
Cornerstone Dekalb Apartments1 BD | 1 BA1BR,1BA$1.61
Beacon Hill ApartmentsDahlia Deluxe2BR,1BA$1.89
Willis Senior Lofts1 Bedroom1BR,1BA$1.26
Great Oaks ApartmentsPrimrose at Great Oaks1BR,1BA$1.57

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Frequently Asked Questions about Malta

What type of rentals are currently available in Malta?

There are currently 46 Apartments for Rent in Malta, IL with pricing that ranges from $575 to $2,950. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malta ranging from $650 to $4,070.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Malta ranges from $650 to $4,070 with an average monthly rent of $1,867.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Malta range from $930 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $3,799. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,040.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.