
Cheap Homes for Rent near Derby, IN from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Derby.


235 Otter View Ct

499 Hornback Farms Ln

1238 Clear Ridge Ln

173 Creekvale Dr

758 E County Rd 750 N
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

100 Orchard Hill Dr

103 N 1st Ave

1100 Red Roof Dr

439 7th St

1302 Main St

115 White Pine Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Derby, IN 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 | $1,163 | $850 | $1,800 |
| Derby 3 Bedroom Homes for Rent | $1,947 | $850 | $3,500 |
| Derby 4 Bedroom Homes for Rent | $3,179 | $3,179 | $3,179 |
| Derby 5 Bedroom Homes for Rent | $3,150 | $3,150 | $3,150 |
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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 in the Meade County neighborhood 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 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $749 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $750 |
| Vineland Carriage Homes Apartments | SM 2 BDRM | 2BR,2BA | $818 |
Best Value Apartments for Rent in Derby, IN and Nearby
As of September 12, 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 Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals starting at $1,150 with a $1.00 price per square foot . 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 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Whispering Woods I | 3.2 | 3BR,2BA | $0.94 |
| Woodside Townhomes | 2 Bedroom Townhome | 2BR,1.5BA | $0.81 |
| Vineland Carriage Homes Apartments | SM 2 BDRM GAR | 2BR,2BA | $0.87 |
| Anderson Estates | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Embassy Townhomes | 2 Bed, 1.5 Bath | 2BR,1.5BA | $1.00 |
| Paddocks at Ridge Park | 2.1 | 2BR,1BA | $1.06 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.94 |
| 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 ArticleNavigating 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.
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
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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 Derby
What type of rentals are currently available in Derby?
There are currently 53 Apartments for Rent in Derby, IN with pricing that ranges from $420 to $1,802. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $800 to $3,500.
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 $800 to $3,500 with an average monthly rent of $1,663.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.