
Cheap Homes for Rent in Malvern, AR from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Malvern.


602 Rector St

633 4th St

1005 W St Louis St

402 Crestwood St

153 Rocky Reef Cir
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.

1012 Mineral St

3345 Malvern Rd

125 Plain St

111 Harvard St

1627 Willow St

201 Audubon St
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.
Malvern, AR Local Guide

How much does it cost to rent a home in Malvern?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Malvern 2 Bedroom Homes for Rent | $1,439 | $775 | $2,400 |
| Malvern 3 Bedroom Homes for Rent | $1,604 | $1,200 | $3,250 |
| Malvern 4 Bedroom Homes for Rent | $1,392 | $1,290 | $1,495 |
Browse Top Homes for Rent in Malvern
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Malvern, AR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indiandale Apartments | EEF Small R | 1BR,1BA | $650 |
| Fountain Lakes | Standard | 1BR,1BA | $735 |
| Dogwood Lakes | Standard Classic | 1BR,1BA | $760 |
| Eagle Hill I/IV | Custom Deluxe | 1BR,1BA | $785 |
| Eagle Nest | Custom | 1BR,1BA | $795 |
Best Value Apartments for Rent in Malvern, AR and Nearby
As of June 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 125 Oak Street apartments | 3 bed 2 bath | 3BR,2BA | $1.03 |
| 1221 Georgia St | 1221 Georgia St | 4BR,2BA | $1.01 |
| Earl’s Point Condominiums | 3Bed2Bath | 3BR,2BA | $0.91 |
| 728 E Highland Ave, Unit B | 728 E Highland Ave | 3BR,1BA | $1.00 |
| The Pointe! at Hot Springs | Two Bedroom | 2BR,2BA | $1.11 |
| Chapel Ridge of Hot Springs | 3/2 | 3BR,2BA | $1.05 |
| Somerset Apartments | B1 | 2BR,1BA | $1.15 |
| Ashley Kate Apartments | 2BR/1BA | 2BR,1BA | $1.01 |
| Village Square of Hot Springs | The Cove | 2BR,1BA | $1.24 |
| Forrest Hills Apartments | 1x1 | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Malvern, AR
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Malvern
What type of rentals are currently available in Malvern?
There are currently 49 Apartments for Rent in Malvern, AR with pricing that ranges from $600 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malvern ranging from $775 to $3,250.
What is the current price range for Rental Homes in Malvern?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Malvern ranges from $775 to $3,250 with an average monthly rent of $1,390.
How much are larger Three and Four Bedroom Rentals in Malvern?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Malvern range from $995 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,290 and Four Bedroom Apartments start at $1,450.
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

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.

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.