Cheap Apartments for Rent in Malta, IL from $500 (17 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 Malta.

close
View Me
Malta Manor II
2 Bedroom Apartments

Malta Manor II

200 N 2nd StMalta, IL 60150
Showing Results 1-17, Page 1 of 1

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 University Heights Apartments in the Devonaire Farms neighborhood priced from $699. 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
University Heights ApartmentsStStudio,1BA$699
The Terraces at DekalbRussell Road StudioStudio,1BA$725
Willis Senior Lofts1 Bedroom1BR,1BA$800
New Suburban ApartmentsStudioStudio,1BA$800
The Terraces at Dekalb on Ridge DriveRidge Drive 1 Bed1BR,1BA$825

Best Value Apartments for Rent in Malta, IL and Nearby

As of April 13, 2025 the best value apartment in the Malta area is the $0.98 price per square foot Barrington Plaza Realty.. Model at Barrington Plaza Realty in the in the Devonaire Farms neighborhood starting from $1,650. The second greatest value Malta apartment is the 2 Bedrooom TH NEW Model at St. Albans Greens Townhouses and Apartments starting at $1,500 with a $1.33 price per square foot in the Reston Ponds neighborhood. 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.
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$1.09
Amber Manor2 Bedroom One Bathroom2BR,1BA$0.92
Eco Park33BR,2BA$1.28
Immaculate Updated 2 Bedroom with 1 Bath w...2BR/1.0BA2BR,1BA$1.05
Willis Senior Lofts2 Bedroom2BR,1BA$1.33
Cornerstone Dekalb Apartments1 BD | 1 BA1BR,1BA$1.61
Ashbury Court2B2BR,1BA$1.18
Lincolnshire West1gu1BR,1BA$1.57

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

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

Explore Malta, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Malta, IL

View MapMalta, IL Apartments MapView MapMalta, IL Rental Homes Map

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 University Heights Apartments listed at $699.

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

The lowest price for a Cheap One Bedroom Malta Apartment is $800 at Willis Senior Lofts.

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 $909 at Amber Manor.

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 $1,025.

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 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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.