
Cheap Apartments for Rent in Derby, IA from $500 (25 Rentals)
Cheap Apartments in Derby.


Foxwood Apartments

Valley Acres Apartments

Sunset Apartments

The Hampton Meadows

East Park Apartments

The Ridges

610 N Buxton St
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The Meadows

The Bridges

Next Level Apartments - Deer Run

Northern Plains by Kading

124 S 2nd St
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.
Derby, IA Local Guide

How much does it cost to rent an apartment in Derby?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Derby Studio Apartments | $812 | $530 | $980 |
Derby 1 Bedroom Apartments | $880 | $500 | $1,380 |
Derby 2 Bedroom Apartments | $970 | $638 | $1,965 |
Derby 3 Bedroom Apartments | $1,240 | $950 | $1,850 |
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Derby, IA Local Guide
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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 $627. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Melbourne | A2 - 40 - Income Restricted | 1BR,1BA | $627 |
Foxwood Apartments | B2 | 2BR,1BA | $638 |
Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $725 |
The Hampton Meadows | A1 - Renovated | 1BR,1BA | $740 |
East Park Apartments | 1/2 Story Down | 2BR,1BA | $750 |
Best Value Apartments for Rent in Derby, IA and Nearby
As of May 03, 2025 the best value apartment in the Derby area is the $0.91 price per square foot 3 Bedroom Model at The Meadows in the in the Somerset neighborhood starting from $950. The second greatest value Derby apartment is the Sign a 13 Month Lease, Get the 13th Month Free! Model at Lincoln Ridge by Kading starting at $1,150 with a $1.14 price per square foot in the Easton Park neighborhood. Here is today’s list of the best values for Derby apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Meadows | 3 Bedroom | 3BR,2BA | $0.91 |
Lincoln Ridge by Kading | Sign a 13 Month Lease, Get the 13th Month Free! | 3BR,1BA | $1.14 |
Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $1.07 |
Southern Park Apartments | 2BR/1.0BA | 2BR,1BA | $0.96 |
Next Level Apartments - Deer Run | B1 | 2BR,1BA | $1.03 |
Somerset | B1 | 2BR,1BA | $1.11 |
Norwalk Village Estates | 2BR/1.0BA | 2BR,1BA | $1.11 |
Willow Bend | 1 Bedroom | 1BR,1BA | $1.13 |
Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.12 |
Foxwood Apartments | A2 | 1BR,1BA | $1.14 |
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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 $627 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 The Meadows and starts from $950.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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.

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.

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.