Cheap Apartments for Rent in Malvern, AR from $500 (43 Rentals)

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

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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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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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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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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Ouachita Commons
Studio to 1 Bedroom Apartments

Ouachita Commons

150 Valley StCaddo Valley, AR 71923
  • Utilities Included
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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

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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Showing Results 1-43, 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 $725. 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 Apartments1.1L R1BR,1BA$725
Fountain LakesStandard1BR,1BA$735
Higdon Ferry ApartmentsLarge 1 Bedroom Apartment Home1BR,1BA$780
Eagle Hill I/IVCustom Deluxe1BR,1BA$785
Eagle NestCustom1BR,1BA$795
Crossing at Nandina1 Bedroom 1 Bathroom1BR,1BA$799
The Greens at Hurricane CreekClassic Deluxe1BR,1BA$820
Grand Point Bay Apartments2 Bedroom2BR,1BA$825
The Fairways at Hurricane CreekClassic Deluxe II1BR,1BA$840
The Lakes at Hurricane CreekClassic Deluxe II1BR,1BA$840

Best Value Apartments for Rent in Malvern, AR and Nearby

As of November 06, 2025 the best value apartment in the Malvern area is the $0.96 price per square foot 2 bed 1 bath Model at 125 Oak Street apartments in the starting from $1,100. The second greatest value Malvern apartment is the Two Bedroom Model at The Pointe! at Hot Springs starting at $1,275 with a $1.11 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 apartments2 bed 1 bath2BR,1BA$0.96
The Pointe! at Hot SpringsTwo Bedroom2BR,2BA$1.11
ReNew Otter CreekC3BR,2BA$1.19
Otter Creek Villas3 Bed 2 Bath3BR,2BA$1.10
Grand Point Bay Apartments2 Bedroom2BR,1.5BA$0.83
Forrest Hills Apartments2x22BR,2BA$1.19
Revive Benton Apartments2 Bedroom 2 Bath2BR,2BA$1.12
Ashley Kate Apartments2BR/1BA2BR,1BA$1.01
Village Square of Hot Springs2 Bed/1 Bath2BR,1BA$1.19
Indiandale Apartments1.1L R1BR,1BA$1.18

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Best Local Schools in
Malvern, AR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $899.

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $725 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

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.