Cheap Apartments for Rent in Malden, MA from $700 (245 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

Read Article
Showing Results 1-50, Page 1 of 5

Malden, MA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Malden Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
30 Howard St7H Falmouth1BR,1BA$1,600
7 Falmouth St7H1BR,1BA$1,600

Best Value Apartments for Rent in Malden, MA

As of April 20, 2025 the best value apartment in the Malden area is the $0.18 price per square foot 456 Salem St Model at 456 Salem St, Unit 6 in the in the Ferryway neighborhood starting from $1,800. The second greatest value Malden apartment is the 48 Harvard St Model at 48 Harvard St, Unit 3 starting at $1,700 with a $0.17 price per square foot in the Ferryway neighborhood. Here is today’s list of the best values for Malden apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
456 Salem St, Unit 6456 Salem St1BR,1BA$0.18
48 Harvard St, Unit 348 Harvard St1BR,1BA$0.17
114 Perkins St, Unit 10114 Perkins StStudio ,1BA$0.18
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
23 Essex St, Unit #423 Essex St1BR,1BA$0.15
3 Forest St, Unit #2023 Forest St1BR,1BA$0.18
765 Broadway, Unit 1765 Broadway1BR,1BA$0.20
8 Shawmut Ter, Unit #18 Shawmut Ter1BR,1BA$0.20
112 Perkins St, Unit 10112 Perkins StStudio ,1BA$0.19
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20

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

Malden Overview

The northeast is a great place to work, live, and raise children and one of the best places to do all of this is in Malden, MA. Malden, MA is a city that is located in Middlesex County, MA. It has been listed at one of the best places in the entire state to raise children. During the past few decades, Malden, MA has grown quickly thanks to its high standard of living, its friendly people, its job market, and its accessibility. For all of these reasons, many people are still flocking to Malden apartments, calling them home. If you are thinking about living in apartments in Malden, MA, then you should learn a bit more about this fantastic city. What are a few of the high points that everyone living in the local area should know?

Why live in Malden, MA?

There are several reasons why so many people choose to call Malden, MA their home. First, Malden, MA is close to Boston and many people work in the city but live in Malden because the cost of living is lower even though the commute might be a bit longer. In addition, Malden, MA is a friendly place that is a great city in which to raise children. The school system is strong and the city is safe. Finally, many people love living in Malden, MA because the temperatures are cool. Those who don’t enjoy the heat will love the cooler weather in Malden!

Malden, MA
Population: 61,036

Ranked #617

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Explore Malden, MA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Malden, MA

View MapMalden, MA Apartments MapView MapMalden, MA Rental Homes Map

Getting Around Malden, MA

Walk Score®

85 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

56 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Malden Apartments

What is the Cheapest Studio apartment in Malden?

Currently the most affordable Cheap Studio Apartment in Malden is at Altitude Apartments listed at $1,825.

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

The lowest price for a Cheap One Bedroom Malden Apartment is $1,600 at 30 Howard St.

What is the most affordable Malden Three Bedroom Apartment?

The best deal on a cheap Malden Three Bedroom Apartment rental is at Apartments in Everett & Malden and starts from $2,650.

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 The 10 Best Affordable Neighborhoods in Boston, MA article

The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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 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.