Cheap Apartments for Rent in Malvern, IA from $500 (10 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601

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.

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 $658. Bellevue Gardens Apartments in the Twin Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. 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$658
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$675
Timbercrest1Bed 1Bath1BR,1BA$800

Best Value Apartments for Rent in Malvern, IA and Nearby

As of June 21, 2025 the best value apartment in the Malvern area is the $0.93 price per square foot Three Bed - Upcoming Availability Model at Burr Oaks Place in the starting from $1,435. The second greatest value Malvern apartment is the 2BR/1.0BA Model at The Archive starting at $1,475 with a $1.21 price per square foot in the Twin City 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.
Burr Oaks PlaceThree Bed - Upcoming Availability3BR,2BA$0.93
The Archive2BR/1.0BA2BR,1BA$1.21
Fontainebleau2 BDR 2 BTH2BR,2BA$0.86
Deer ParkPrairie2BR,2BA$1.31
Sunset Hills Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.24
Chapel Ridge-C BluffsTwo Bedroom2BR,2BA$1.32
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.26
Timbercrest1Bed 1Bath1BR,1BA$1.07
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$0.96
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$1.10

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

Explore Malvern, IA Rentals by Map

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Getting Around Malvern, IA

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Malvern Apartments

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $654 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 $700 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 Hidden Bluffs Apartments and starts from $1,195.

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.