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Malvern Apartments For Rent

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Malvern Apartment Options

Avg. RentAnnual Change
Studio - $1,770+12%
1 Bed - $1,993+13%
2 Beds - $2,736+13%
3 Beds - $2,425-25%
Last updated 10/5/2022

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Overview of Malvern

Just a short drive from Philadelphia, the Borough of Malvern in Chester County offers the benefits of small town living near a large metropolitan area. The community reflects its Victorian era heritage with a host of antique shops and 1890s-style street lamps and brick pavers along King Street in the town center. The Paoli Battlefield Historical Park commemorates the Paoli Massacre in Malvern during the Revolutionary War.

People looking for apartments for rent in Malvern have a choice of rental units in homes and condominium complexes. Malvern offers both family attractions and an upscale shopping and entertainment life in and around the community that's attractive to a sophisticated adult population.

Living in Malvern, PA

Originally settled by Welsh immigrants in the 17th century, Malvern was first known as West Chester Intersection. It was incorporated in 1889. The borough of Malvern is only 1.3 square miles in size, but the community has seen its share of growth in recent years. The 2010 census placed the local population at 2,998 residents, but town estimates are closer to 3,200 now following revitalization of residential and commercial areas with the help of Chester County funding. There are three public parks that host community events and family activities and have a variety of sports fields.

Malvern Work and Study

Families with school-age children are part of the Great Valley School District, where youngsters attend area schools with children from several communities. About 28 percent of the homes and apartments in Malvern have children under the age of 18. The total number of households is 1,361 borough-wide.

College opportunities in the area include a small co-ed college, Immaculata University, outside Malvern and many colleges and universities in Philadelphia.

Malvern is headquarters for Vishay Intertechnology, one of the world's largest manufacturers of semiconductors and electronic components with more than 26,000 employees worldwide. Among the local shops and business services are many family-owned companies, several banks and financial services firms and a local music school, Beam's Music.

Rentals in Malvern and cost of living

There are a variety of residential styles and rentals in Malvern in single and multi-family homes, condominiums and townhouses. Of the 1,419 homes, 520 - about 38 percent - are renter-occupied. The median contract rent is $1,038 in a range of $725 to $1,304 per month. The median gross rent is $1.266. As of March 2012, the cost of living was slightly higher than the national average, with a cost of living index of 106.7 for Malvern compared to an average 100 for the U.S.

Malvern Attractions and Special Events

The community has railway and bus service to West Chester, the county seat, and area shopping districts that include the sprawling King of Prussia Mall. Locally, residents enjoy restaurants that range from elegant country inn bistros to casual family dining. The People's Light and Theatre Company is a local repertory theater that offers a full season of classic and contemporary plays and musicals. For additional nightlife, concerts and a lively restaurant scene, Philadelphia is only 25 miles west of Malvern.

Community activities are sponsored by the borough's recreation department, local parents groups such as the MOMS Club (Moms Offering Moms Support) and the Malvern Public Library, which was expanded in 2003 to include a reading room and children's porch. The library collection includes 39,000 print and electronic items.

The Malvern Business and Professional Association sponsors and annual tree lighting and Victorian Christmas celebration, a spring family festival, a week-long Grand Prix bicycling event, a fall harvest festival and an annual fashion show and luncheon to benefit the Paoli Hospital Cancer Center Wellness Day.

Rent.com® can help you get settled in a Malvern apartment. Look through our rental listings and find the perfect home for your needs.

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