
Cheap Homes for Rent in Derby, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Derby.


670 Knox Blvd

388 Elmwood Dr
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.

100 Orchard Hill Dr

611 Jefferson St

439 7th St
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.
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 | $1,190 | $900 | $1,475 |
Derby 3 Bedroom Homes for Rent | $1,905 | $1,400 | $2,900 |
Derby 4 Bedroom Homes for Rent | $1,675 | $1,200 | $2,400 |
Browse Top Homes for Rent in Derby
Explore Derby
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $675 |
Vista Apartments of Radcliffe | 1 Bdrm | 1BR,1BA | $700 |
Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $750 |
Best Value Apartments for Rent in Derby, IN and Nearby
As of June 18, 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 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 Apartments | 2BR,2BA | $1.03 |
Valley Farms Apartment Homes | Two Bedroom | 2BR,2BA | $1.07 |
Vineland Carriage Homes Apartments | SM 2 BDRM | 2BR,2BA | $0.95 |
Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
Embassy Townhomes | 2 Bed, 1.5 Bath | 2BR,1.5BA | $1.00 |
Kingston Square Apartments | Two Bedroom | 2BR,1BA | $1.02 |
Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $1.02 |
Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $0.96 |
Vista Apartments of Radcliffe | 1 Bdrm | 1BR,1BA | $1.08 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Derby
What type of rentals are currently available in Derby?
There are currently 44 Apartments for Rent in Derby, IN with pricing that ranges from $675 to $2,995. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $655 to $2,900.
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 $2,900 with an average monthly rent of $1,369.
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.

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.

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.

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.

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.