Cheap Apartments for Rent in Derby, IN from $500 (21 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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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
  • Utilities Included

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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Derby, IN Local Guide

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IN is a 1 Bed unit found at Ambassador Villas priced from $675. Vista Apartments of Radcliffe 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 ListingModel NameBed/BathPriced From
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Vista Apartments of Radcliffe1 Bdrm1BR,1BA$700
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$814
Kingston Square ApartmentsTwo Bedroom2BR,1BA$815

Best Value Apartments for Rent in Derby, IN and Nearby

As of June 21, 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 Villas of Heritage Springs Apartments Model at Heritage Springs Rentals starting at $1,200 with a $1.03 price per square foot . 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
Heritage Springs RentalsVillas of Heritage Springs Apartments2BR,2BA$1.03
Valley Farms Apartment HomesTwo Bedroom2BR,2BA$1.05
Vineland Carriage Homes ApartmentsSM 2 BDRM2BR,2BA$0.95
Riverport Landings Senior2B1B2BR,1BA$1.02
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$1.02
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
Vista Apartments of Radcliffe1 Bdrm1BR,1BA$1.08

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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, IN

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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 $800 at Ambassador Villas.

What is the most affordable Derby Three Bedroom Apartment?

The best deal on a cheap Derby Three Bedroom Apartment rental is at Vineland Carriage Homes Apartments and starts from $1,250.

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.