Cheap Apartments for Rent in Malvern, AR from $500 (55 Rentals)

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

property at 1415 Pine Bluff St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 2 Bath Home for Rent

Available Now

1415 Pine Bluff St

MalvernAR72104

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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Ouachita Commons
Studio to 1 Bedroom Apartments

Ouachita Commons

150 Valley StCaddo Valley, AR 71923
  • Utilities Included

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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Peaks at Hot Springs
1 to 3 Bedroom Apartments

Peaks at Hot Springs

431 Lake Hamilton DrHot Springs National Park, AR 71913
  • 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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Malvern, AR Local Guide

Cheapest Available Malvern Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malvern, AR is a 1 Bed unit found at Indiandale Apartments priced from $650. Fountain Lakes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable Malvern apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indiandale ApartmentsEEF Small R1BR,1BA$650
Fountain LakesStandard1BR,1BA$735
Dogwood LakesStandard Classic1BR,1BA$760
Eagle Hill I/IVCustom Deluxe1BR,1BA$785
Eagle NestCustom1BR,1BA$795
Higdon Ferry ApartmentsLarge 1 Bedroom Apartment Home1BR,1BA$815
The Greens at Hurricane CreekClassic Deluxe1BR,1BA$820
The Lakes at Hurricane CreekClassic Deluxe II1BR,1BA$840
The Fairways at Hurricane CreekClassic Deluxe II1BR,1BA$840
The Greens at Longhills I/IIClassic Deluxe IV - Phase I1BR,1BA$845

Best Value Apartments for Rent in Malvern, AR and Nearby

As of June 20, 2026 the best value apartment in the Malvern area is the $1.03 price per square foot 3 bed 2 bath Model at 125 Oak Street apartments in the starting from $1,850. The second greatest value Malvern apartment is the 1221 Georgia St Model at 1221 Georgia St starting at $1,800 with a $1.01 price per square foot . Here is today’s list of the best values for Malvern apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
125 Oak Street apartments3 bed 2 bath3BR,2BA$1.03
1221 Georgia St1221 Georgia St4BR,2BA$1.01
Earl’s Point Condominiums3Bed2Bath3BR,2BA$0.91
728 E Highland Ave, Unit B728 E Highland Ave3BR,1BA$1.00
Chapel Ridge of Hot Springs3/23BR,2BA$1.05
Otter Creek Villas3 Bed 2 Bath3BR,2BA$1.12
ReNew Otter Creek2 Bed 2 Bath B2BR,2BA$1.30
Ashley Kate Apartments2BR/1BA2BR,1BA$1.01
Village Square of Hot SpringsThe Cove2BR,1BA$1.26
Forrest Hills Apartments1x11BR,1BA$1.29

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 Malvern Apartments

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $650 at Indiandale Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Malvern is starting from $805 at Fountain Lakes.

What is the most affordable Malvern Three Bedroom Apartment?

The best deal on a cheap Malvern Three Bedroom Apartment rental is at Indiandale Apartments and starts from $995.

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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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.

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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.