Cheap Apartments for Rent in Derby, IN from $500 (39 Rentals)

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Broadleaf Arms
Rent Specials
$764 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$764 - $1,075
Total Monthly Price
$764 - $1,075
1 to 2 Bedroom Apartments Available Now

Broadleaf Arms

4519-4523 Broadleaf DrLouisville, KY 40216
Affordability
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  • Utilities Included

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.

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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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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.

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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
  • Utilities Included
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included

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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High Peaks
2 Bedroom Apartments

High Peaks

9815 US-150Greenville, IN 47124
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Legacy Commons
1 to 2 Bedroom Apartments

Legacy Commons

630 Chuck Gray CtOwensboro, KY 42303
  • Utilities Included
property at 602 12th St

$950 - $975

1 Bedroom Rentals

Available Now

602 12th St

Tell CityIN47586
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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 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 ListingModel NameBed/BathPriced From
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,1BA$700
Knox Landing1 Bed / 1 Bath1BR,1BA$700
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Ambassador VillasAmbassador 1 BD1BR,1BA$750
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$764
Keystone ApartmentsOne Bedroom1BR,1BA$779
Miller Manor Apartments1 Bed1BR,1BA$850
Greenwood Place Apartments1+11BR,1BA$850
Woodside Townhomes2 Bedroom Townhome2BR,1BA$850
Embassy Townhomes2 Bed, 1.5 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Hunters Run2 Bedroom, 2 Bathroom2BR,2BA$0.92
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Woodside Townhomes2 Bedroom Townhome2BR,1.5BA$0.81
Vineland Carriage Homes ApartmentsSM 2 BDRM GAR2BR,2BA$0.96
Anderson EstatesTwo Bedroom One Bath2BR,1BA$1.02
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Greenwood Place Apartments1+11BR,1BA$0.98
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.96
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,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.

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Real 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.

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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.

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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 $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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.