According to some sources, on most of the territory of a modern town known as Mala Vyska, Nykodymiv Khutir was located (those times Ukrainian kozaks' slobodas were there).

Despite the fact that a lot of tribes, including Scythian, went through the territory of Mala Vyska, no one lived there permanently.

Officially, the history of Mala Vyska dated back to the year 1752, when the first Moldovan emigrants arrived and founded a village at the bench of the river Vysi.

The modern name Mala Vyska was given by Kniaz Ulashyn, who happened to buy Kudashev's land in the middle of the 19th century.

Before the year 1993 sugar and spirit factory were functioning for a long period of time, providing Ukrainian Republic with their production in addition to exporting them into other countries.

In Mala Vyska Raion, a newspaper called "Malovyskivski Visti" is published.