Cheap Homes for Rent in Derby, IN from $600 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

Read Article

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.

Read Article
Showing Results 1-7, Page 1 of 1

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. Legion Park & Heartwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$759

Best Value Apartments for Rent in Derby, IN and Nearby

As of October 24, 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, 2 Bathroom Model at Hunters Run starting at $1,045 with a $0.90 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$0.90
Woodside Townhomes2 Bedroom Townhome2BR,1.5BA$0.81
High Peaks2 bedroom2BR,1BA$0.98
Riverport Landings Senior2B1B2BR,1BA$1.02
West Baden Lofts2 bedroom2BR,2BA$0.95
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Derby, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Derby, IN

View Map
Derby, IN Apartments Map
View Map
Derby, IN Rental Homes Map

Frequently Asked Questions about Derby

What type of rentals are currently available in Derby?

There are currently 47 Apartments for Rent in Derby, IN with pricing that ranges from $675 to $1,780. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $655 to $2,500.

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 $655 to $2,500 with an average monthly rent of $1,372.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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.