Apartments For Cheap Rent In Malvern . 5 rows malvern rental pricing. The average apartment rent in this municipal area costs you $1,037. Basement Apartments For Rent In Nj How to Convert a Basement from bestbasement.blogspot.com One bedroom apartments average $820 and range from $450 to $1,300. Currently, the average rental price for a 3 bedroom. The average apartment rent in this town will cost you $1,050.