Cheap Apartments for Rent near Malvern, IA from $500 (54 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Valley View Estates
Rent Specials
$1,185 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,185 - $1,850
Total Monthly Price
$1,185 - $1,850
1 to 3 Bedroom Apartments Available Now

Valley View Estates

720 Valley View DrCouncil Bluffs, IA 51503
Corporate Housing
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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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303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601
Corporate Housing
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Chateau Bellevue
Studio to 3 Bedroom Apartments

Chateau Bellevue

401 Chateau DrBellevue, NE 68005
Corporate Housing

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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Brent Village
1 to 3 Bedroom Apartments

Brent Village

1409 Buck DrBellevue, NE 68005
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Britain Towne
Studio to 3 Bedroom Apartments

Britain Towne

2103 Fraser CtBellevue, NE 68005
Corporate Housing
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Belle Point
1 to 2 Bedroom Apartments

Belle Point

3705 Lexington AveBellevue, NE 68123

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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Showing Results 1-50, Page 1 of 2

Malvern, IA Local Guide

Cheapest Available Malvern Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malvern, IA is a 1 Bed unit found at Nottingham Court Apartments in the Cass County neighborhood priced from $675. Red Oak 48-Unit (City View Apartments) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Malvern apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$675
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$695
Cornhusker Creek1BR/1.0BA1BR,1BA$745
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$750
Timbercrest Apartments1 Bed, 1 Bath1BR,1BA$800
Loess Hills Estates Affordable Senior HousingStudioStudio,1BA$871
Pinehill Park1 Bed/1Bath - Breakfast Bar - Classic1BR,1BA$905
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$910
Fontenelle Hills2 Bed 2 Bath2BR,2BA$923
Oak Creek Apartments2 bedroom, 1 bath2BR,1BA$955

Best Value Apartments for Rent in Malvern, IA and Nearby

As of July 28, 2026 the best value apartment in the Malvern area is the $0.74 price per square foot 2 Bed 2 Bath Model at Fontenelle Hills in the in the Bellevue neighborhood starting from $923. The second greatest value Malvern apartment is the 2 Bed 1 Bath Model at Bellevue Gardens Apartments starting at $825 with a $0.70 price per square foot in the Bellevue neighborhood. 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.
Fontenelle Hills2 Bed 2 Bath2BR,2BA$0.74
Bellevue Gardens Apartments2 Bed 1 Bath2BR,1BA$0.70
Fontainebleau Apartments2 Bed, 2 Bath2BR,2BA$1.03
The Archive1BR/1.0BA1BR,1BA$1.11
RiverEastTwo Bedroom2BR,1BA$1.18
Cornhusker Creek2BR/1.0BA2BR,1BA$1.03
Chateau Bellevue2 Bedroom2BR,1.5BA$1.11
Oak Creek Apartments2 bedroom, 1 bath2BR,1BA$1.12
Timbercrest Apartments1 Bed, 1 Bath1BR,1BA$1.07
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$1.13

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!

Explore Malvern, IA Rentals by Map

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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 Loess Hills Estates Affordable Senior Housing listed at $871.

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $675 at Nottingham Court 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 $725 at Nottingham Court Apartments.

What is the most affordable Malvern Three Bedroom Apartment?

The best deal on a cheap Malvern Three Bedroom Apartment rental is at Chapel Ridge-C Bluffs and starts from $1,300.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.