
Cheap Homes for Rent in Derby, IA from $900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Derby.


306 Central Dr

1105 Elder Ln

324 Rittenhouse St

507 Payton Ave
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.

917 Titus Ave

1858 E Park Ave

3612 SE 11th St

107 4th St

3607 SE 11th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

504 Hackley Ave

2000 Meadow Ct

906 SE Hackley Ave

904 SE Hackley Ave

408 E 15th 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.

216 Hart Ave

209 W Jefferson St
Derby, IA Local Guide

How much does it cost to rent a home in Derby?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Derby 2 Bedroom Homes for Rent | $1,293 | $995 | $2,995 |
Derby 3 Bedroom Homes for Rent | $1,650 | $1,050 | $2,300 |
Derby 4 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Derby
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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 $683. 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 | B1 | 2BR,1BA | $683 |
Somerset | B3 | 2BR,1BA | $707 |
Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $725 |
The Hampton Meadows | A1 - Renovated | 1BR,1BA | $740 |
Best Value Apartments for Rent in Derby, IA and Nearby
As of May 14, 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 B4 Model at Somerset starting at $956 with a $1.07 price per square foot in the Southwest Des Moines 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 |
Somerset | B4 | 2BR,2BA | $1.07 |
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 |
Sunburst | Two Bedroom-One Bath | 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 | A1 | 1BR,1BA | $1.10 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Derby
What type of rentals are currently available in Derby?
There are currently 44 Apartments for Rent in Derby, IA with pricing that ranges from $500 to $2,850. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $900 to $3,300.
What is the current price range for Rental Homes in Derby?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Derby ranges from $900 to $3,300 with an average monthly rent of $1,820.
How much are larger Three and Four Bedroom Rentals in Derby?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Derby range from $950 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,300. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,850.
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.

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.

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.

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.