Cheap Apartments for Rent in Derby, IN from $400 (10 Rentals)

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

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.

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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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Derby, IN Local Guide

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IN is a 2 Beds unit found at West Baden Lofts priced from $460. Ambassador Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Baden Lofts2 bedroom2BR,2BA$460
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750

Best Value Apartments for Rent in Derby, IN and Nearby

As of September 06, 2025 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 Townhouse Model at 6121 Upper Hunters Trce starting at $1,350 with a $1.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
6121 Upper Hunters Trce2 Bedroom Townhouse2BR,1.5BA$1.08
Vineland Carriage Homes ApartmentsSM 2 BDRM GAR2BR,2BA$1.06
Anderson EstatesTwo Bedroom One Bath2BR,1BA$1.04
West Baden Lofts2 bedroom2BR,2BA$0.48
Miller Manor Apartments2 Bed2BR,1BA$1.11
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96

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Location, Location, Location!

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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 $675 at Ambassador Villas.

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 $460 at West Baden Lofts.

What is the most affordable Derby Three Bedroom Apartment?

The best deal on a cheap Derby Three Bedroom Apartment rental is at West Baden Lofts and starts from $530.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.