Cheap Apartments for Rent in Malvern, AR from $500 (25 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 Malvern.

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
close
View Me
Ouachita Commons
Studio Apartments

Ouachita Commons

150 Valley StCaddo Valley, AR 71923
  • Utilities Included
close
View Me
Peaks at Hot Springs
2 Bedroom Apartments

Peaks at Hot Springs

431 Lake Hamilton DrHot Springs National Park, AR 71913
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Malvern, AR Local Guide

Cheapest Available Malvern Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malvern, AR is a 1 Bed unit found at Indiandale Apartments priced from $600. Grand Point Bay Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Malvern apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indiandale ApartmentsEEF Small R1BR,1BA$600
Grand Point Bay Apartments1 Bedroom1BR,1BA$695
Fountain LakesStandard1BR,1BA$715
Dogwood LakesStandard Classic1BR,1BA$740
Crossing at Nandina1 Bedroom 1 Bathroom1BR,1BA$765

Best Value Apartments for Rent in Malvern, AR and Nearby

As of April 26, 2025 the best value apartment in the Malvern area is the $1.00 price per square foot 3Bed2Bath Model at 1203 Marion Anderson Rd in the starting from $1,500. The second greatest value Malvern apartment is the 2 bed 1 bath Model at 125 Oak Street apartments starting at $1,250 with a $0.93 price per square foot . 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.
1203 Marion Anderson Rd3Bed2Bath3BR,2BA$1.00
125 Oak Street apartments2 bed 1 bath2BR,1BA$0.93
Otter Creek Villas3 Bed 2 Bath3BR,2BA$1.10
Fieldstone Townhomes of Bryant2 BED 2 BATH 1043 SF2BR,2BA$1.15
ReNew Otter CreekB22BR,2BA$1.20
The Pointe! at Hot SpringsOne Bedroom1BR,1BA$1.10
Forrest Hills Apartments1x11BR,1BA$1.29
Village Square of Hot Springs1 Bed/1 Bath1BR,1BA$1.17
Chapel Ridge of Hot Springs1/11BR,1BA$1.26
Grand Point Bay Apartments1 Bedroom1BR,1BA$1.07

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

Best Local Schools in
Malvern, AR

School data provided by Great Schools

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

Explore Malvern, AR Rentals by Map

Decorative image of map

See the most popular apartments and homes in Malvern, AR

View MapMalvern, AR Apartments MapView MapMalvern, AR Rental Homes Map

Getting Around Malvern, AR

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 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 Malvern Apartments

What is the Cheapest Studio apartment in Malvern?

Currently the most affordable Cheap Studio Apartment in Malvern is at Whisper Valley at Quartier listed at $1,104.

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

The lowest price for a Cheap One Bedroom Malvern Apartment is $600 at Indiandale 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 $780 at Fountain Lakes.

What is the most affordable Malvern Three Bedroom Apartment?

The best deal on a cheap Malvern Three Bedroom Apartment rental is at Otter Creek Villas and starts from $1,150.

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.