Cheap Apartments for Rent in Derby, IA from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Derby.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Southridge Senior Lofts
1 to 2 Bedroom Apartments

Southridge Senior Lofts

695 E Army Post RdDes Moines, IA 50315
  • Utilities Included
Showing Results 1-24, Page 1 of 1

Derby, IA Local Guide

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IA is a 1 Bed unit found at Melbourne in the Southeast Des Moines neighborhood priced from $545. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $638. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MelbourneA1 - 40 - Income Restricted1BR,1BA$545
Foxwood ApartmentsB22BR,1BA$638
Northern Plains by KadingCottage - 22BR,1BA$695
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$725
SomersetB12BR,1BA$750

Best Value Apartments for Rent in Derby, IA and Nearby

As of June 24, 2025 the best value apartment in the Derby area is the $1.13 price per square foot Telluride Model at High Pointe in the in the Prairie View neighborhood starting from $1,381. The second greatest value Derby apartment is the 3 Bedroom Model at The Meadows starting at $950 with a $0.91 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Derby apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
High PointeTelluride3BR,2BA$1.13
The Meadows3 Bedroom3BR,2BA$0.91
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Northern Plains by KadingCottage - 22BR,1BA$0.83
Foxwood ApartmentsB12BR,1BA$0.87
SomersetB22BR,1BA$1.05
Next Level Apartments - Deer RunB12BR,1BA$1.03
SunburstTwo Bedroom-One Bath2BR,1BA$1.11
Willow Bend1 Bedroom1BR,1BA$1.13
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.12

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

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See the most popular apartments and homes in Derby, IA

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Getting Around Derby, IA

Bike Score®

16 / 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 Derby Apartments

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

The lowest price for a Cheap One Bedroom Derby Apartment is $545 at Melbourne.

What is the lowest price for a Cheap Two Bedroom Derby Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Derby is starting from $638 at Foxwood Apartments.

What is the most affordable Derby Three Bedroom Apartment?

The best deal on a cheap Derby Three Bedroom Apartment rental is at Northern Plains by Kading and starts from $825.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.