Cheap Apartments for Rent in Malta, IL from $500 (21 Rentals)

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

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Malta Manor II
2 Bedroom Apartments

Malta Manor II

200 N 2nd StMalta, IL 60150
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4566 Governors Dr
1 to 2 Bedroom Apartments

4566 Governors Dr

4566 Governors DrRockford, IL 61109
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4735 WOLVERTON LN
1 Bedroom Apartments

4735 WOLVERTON LN

4735 Wolverton LnRockford, IL 61109
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Malta, IL Local Guide

Cheapest Available Malta Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malta, IL is a Studio unit found at Amber Manor in the Devonaire Farms neighborhood priced from $609. The Terraces at Dekalb in the Devonaire Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Malta apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber ManorStudio One BathroomStudio,1BA$609
The Terraces at DekalbRussell Road StudioStudio,1BA$725
University Heights ApartmentsStStudio,1BA$780
New Suburban ApartmentsStudioStudio,1BA$800
Varsity Square Apartments1 Bedroom without dining room1BR,1BA$845

Best Value Apartments for Rent in Malta, IL and Nearby

As of March 14, 2025 the best value apartment in the Malta area is the $0.91 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,010. The second greatest value Malta apartment is the Gregory End Model at Terrabrook at Prairie Ridge starting at $2,950 with a $1.61 price per square foot . Here is today’s list of the best values for Malta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.91
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.61
Barrington Plaza RealtyBarrington Plaza Realty..5BR,2BA$0.98
St. Albans Greens Townhouses and Apartments2 Bedrooom TH NEW2BR,2BA$1.33
Colonial Apartments3 TH3BR,1.5BA$1.18
Cortland EstatesTwo Bedroom2BR,1BA$1.20
Eco Park22BR,2BA$1.35
Ashbury Court2B2BR,1BA$1.21
Lincolnshire West1gu1BR,1BA$1.57
Willis Senior Lofts1 Bedroom1BR,1BA$1.50

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Getting Around Malta, IL

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Malta Apartments

What is the Cheapest Studio apartment in Malta?

Currently the most affordable Cheap Studio Apartment in Malta is at Amber Manor listed at $609.

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

The lowest price for a Cheap One Bedroom Malta Apartment is $845 at Varsity Square Apartments.

What is the lowest price for a Cheap Two Bedroom Malta Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Malta is starting from $999 at Ashbury Court.

What is the most affordable Malta Three Bedroom Apartment?

The best deal on a cheap Malta Three Bedroom Apartment rental is at The Terraces at Dekalb and starts from $1,100.

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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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.