
Cheap Apartments for Rent in Derby, IN from $500 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Derby.


Knox Landing

Ambassador Villas

Legion Park & Heartwood Court Apartments

Total Monthly Price
Broadleaf Arms

Keystone Apartments

Laurel at the Woodlands

Kingston Square Apartments

Woodside Townhomes
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Miller Manor Apartments

Greenwood Place Apartments

Royal Arms of Owensboro

Embassy Townhomes

Vineland Carriage Homes Apartments

Anderson Estates

Hunters Run

Bayshore Townhomes

Woods Of Glen Hill Manor
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Riverport Landings Senior

Brushwood Apartments

Riverport Landing Family Apartments

Whispering Woods I

Paddocks at Ridge Park

The Flintlock Arms Apartment Community

672 Knox Blvd

1302 Main St

Vista Apartments of Radcliffe
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Roosevelt House I & II Senior Community

107 S 3rd St

748 9th St

920 Sycamore St

6500 & 6506 Hackel Dr

West Baden Lofts

1238 Clear Ridge Ln

Savannah Square & Terrace Apartments

1240 Clear Ridge Ln
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.

High Peaks

Legacy Commons

602 12th St
Derby, IN Local Guide

How much does it cost to rent an apartment in Derby?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Derby 1 Bedroom Apartments | $1,036 | $700 | $1,322 |
| Derby 2 Bedroom Apartments | $1,170 | $800 | $1,625 |
| Derby 3 Bedroom Apartments | $1,442 | $900 | $1,883 |
Browse Top Apartments in Derby
See all Apartments in DerbyExplore Derby
Derby, IN Local Guide
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Cheapest Available Derby Apartments for Rent and Nearby
 The cheapest available apartment rental in Derby, IN is a 1 Bed unit found at Christopher Square Apartments NEW MANAGEMENT! priced from $700. Knox Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Derby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Christopher Square Apartments NEW MANAGEMENT! | 1 Bed, 1 bath | 1BR,1BA | $700 |
| Knox Landing | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $750 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $750 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $764 |
| Keystone Apartments | One Bedroom | 1BR,1BA | $779 |
| Miller Manor Apartments | 1 Bed | 1BR,1BA | $850 |
| Greenwood Place Apartments | 1+1 | 1BR,1BA | $850 |
| Woodside Townhomes | 2 Bedroom Townhome | 2BR,1BA | $850 |
| Embassy Townhomes | 2 Bed, 1.5 Bath | 2BR,1BA | $900 |
Best Value Apartments for Rent in Derby, IN and Nearby
As of May 27, 2026 the best value apartment in the Derby area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Derby apartment is the 2 Bedroom, 2 Bathroom Model at Hunters Run starting at $1,065 with a $0.92 price per square foot in the South Louisville 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. |
|---|---|---|---|
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| Hunters Run | 2 Bedroom, 2 Bathroom | 2BR,2BA | $0.92 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Woodside Townhomes | 2 Bedroom Townhome | 2BR,1.5BA | $0.81 |
| Vineland Carriage Homes Apartments | SM 2 BDRM GAR | 2BR,2BA | $0.96 |
| Anderson Estates | Two Bedroom One Bath | 2BR,1BA | $1.02 |
| Embassy Townhomes | 2 Bed, 1.5 Bath | 2BR,1.5BA | $1.00 |
| Greenwood Place Apartments | 1+1 | 1BR,1BA | $0.98 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.96 |
| Christopher Square Apartments NEW MANAGEMENT! | 1 Bed, 1 bath | 1BR,1BA | $0.92 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Derby, IN Rentals by Map
See the most popular apartments and homes in Derby, IN
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 $700 at Christopher Square Apartments NEW MANAGEMENT!.
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 $800 at Christopher Square Apartments NEW MANAGEMENT!.
What is the most affordable Derby Three Bedroom Apartment?
The best deal on a cheap Derby Three Bedroom Apartment rental is at Knox Landing and starts from $900.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.