Cheap Apartments for Rent in Malvern, AR from $500 (33 Rentals)

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property at 320 Elmo St

320 Elmo St

MalvernAR72104

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.

Read Article

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ouachita Commons
Studio Apartments

Ouachita Commons

150 Valley StCaddo Valley, AR 71923
  • Utilities Included
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Peaks at Hot Springs
2 Bedroom Apartments

Peaks at Hot Springs

431 Lake Hamilton DrHot Springs National Park, AR 71913
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-33, Page 1 of 1

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 $675. 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 Apartments1.1S1BR,1BA$675
Fountain LakesStandard1BR,1BA$735
Dogwood LakesStandard Classic1BR,1BA$760
Crossing at Nandina1 Bedroom 1 Bathroom1BR,1BA$765
Higdon Ferry ApartmentsLarge 1 Bedroom Apartment Home1BR,1BA$780
Eagle Hill I/IVCustom Deluxe1BR,1BA$785
Eagle NestCustom1BR,1BA$795
The Greens at Hurricane CreekClassic Deluxe1BR,1BA$820
The Lakes at Hurricane CreekClassic Deluxe II1BR,1BA$840

Best Value Apartments for Rent in Malvern, AR and Nearby

As of July 28, 2025 the best value apartment in the Malvern area is the $1.00 price per square foot 3Bed2Bath Model at Earl’s Point Condominiums in the starting from $1,500. The second greatest value Malvern apartment is the 2 BED 2 BATH 1043 SF Model at Fieldstone Townhomes of Bryant starting at $1,195 with a $1.15 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.
Earl’s Point Condominiums3Bed2Bath3BR,2BA$1.00
Fieldstone Townhomes of Bryant2 BED 2 BATH 1043 SF2BR,2BA$1.15
125 Oak Street apartments1 bed 1 bath1BR,1BA$1.05
1222 Bayer St, Unit 12221222 Bayer St2BR,1BA$0.95
Otter Creek Villas2 Bed 1.5 Bath2BR,1.5BA$1.14
The Pointe! at Hot SpringsOne Bedroom1BR,1BA$1.10
Village Square of Hot Springs2 Bed/1 Bath2BR,1BA$1.16
121 Lodestone Rd, Unit 1121 Lodestone Rd2BR,1BA$0.94
1008 Owen St, Unit A1008 Owen St2BR,1BA$1.13
Indiandale Apartments1.1S1BR,1BA$1.15

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Malvern, AR

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Getting Around Malvern, AR

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Malvern Apartments

What is the Cheapest Studio apartment in Malvern?

Currently the most affordable Cheap Studio Apartment in Malvern is at Whisper Valley at Quartier listed at $1,104.

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $675 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 $800 at Indiandale Apartments.

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

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.

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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.