Cheap Apartments for Rent in Malvern, IA from $500 (45 Rentals)

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

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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303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601
Corporate Housing

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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property at 2206 K St

$725

1 Bedroom Rentals

Available Now

2206 K St

OmahaNE68107
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Chateau Bellevue
Studio to 3 Bedroom Apartments

Chateau Bellevue

401 Chateau DrBellevue, NE 68005
Corporate Housing
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Britain Towne
Studio to 3 Bedroom Apartments

Britain Towne

2103 Fraser CtBellevue, NE 68005
Corporate Housing

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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Brent Village
1 to 3 Bedroom Apartments

Brent Village

1409 Buck DrBellevue, NE 68005
Military

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 1-45, Page 1 of 1

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 Papillion La Vista 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
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$750
Timbercrest1Bed 1Bath1BR,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
South Pointe ApartmentsStudio ApartmentStudio,1BA$910
Fontenelle Hills1 Bed 1 Bath1BR,1BA$926
Tregaron OaksBrentwood1BR,1BA$939

Best Value Apartments for Rent in Malvern, IA and Nearby

As of April 28, 2026 the best value apartment in the Malvern area is the $1.00 price per square foot Two Bed - Upcoming Availability Model at Burr Oaks Place in the starting from $1,246. The second greatest value Malvern apartment is the 2 Bed, 1 Bath - 1032 SF Model at CopperCreek starting at $1,300 with a $1.26 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.
Burr Oaks PlaceTwo Bed - Upcoming Availability2BR,1BA$1.00
CopperCreek2 Bed, 1 Bath - 1032 SF2BR,1BA$1.26
RiverEastTwo Bedroom2BR,1BA$1.08
Oak Creek Apartments2 bedroom, 1 bath2BR,1BA$1.16
Tregaron OaksBrentwood1BR,1BA$1.19
Fontenelle Hills1 Bed 1 Bath1BR,1BA$1.22
Timbercrest1Bed 1Bath1BR,1BA$1.07
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$1.07
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$1.13
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$1.22

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Malvern, IA Rentals by Map

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See the most popular apartments and homes in Malvern, IA

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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 RiverEast and starts from $1,287.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.