Cheap Homes for Rent in Malcom, IA from $600 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Malcom.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Malcom, IA Local Guide

Cheapest Available Malcom Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malcom, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. The Tallcorn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Malcom apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
The Tallcorn1 bedroom, 1 bath1BR,1BA$475
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$555
Goldfinch Meadows1 BR/ 1 BA1BR,1BA$575
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643

Best Value Apartments for Rent in Malcom, IA and Nearby

As of April 29, 2025 the best value apartment in the Malcom area is the $0.97 price per square foot B3 Model at Southern Hills in the starting from $1,125. The second greatest value Malcom apartment is the 2 Bedroom Model at Raintree Apartments starting at $885 with a $0.98 price per square foot in the Young's Hill neighborhood. Here is today’s list of the best values for Malcom apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Southern HillsB32BR,2BA$0.97
Raintree Apartments2 Bedroom2BR,1BA$0.98
Orchard Lane Apartments2BR/1.0BA2BR,1BA$0.96
Hunters RunB22BR,1BA$0.82
Walnut Creek Apartments2 BD Classic2BR,1BA$1.00
SUNDANCE MARSHALLTOWN APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
SUNDANCE NEWTON APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
Woodland Heights2 Bed 1 Bath2BR,1BA$1.00
The Reserves at South Lake1B1B1BR,1BA$0.61
The Tallcorn1 bedroom, 1 bath1BR,1BA$0.78

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Malcom

What type of rentals are currently available in Malcom?

There are currently 43 Apartments for Rent in Malcom, IA with pricing that ranges from $394 to $3,120. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Malcom ranging from $645 to $3,300.

What is the current price range for Rental Homes in Malcom?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Malcom ranges from $645 to $3,300 with an average monthly rent of $1,506.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.