Cheap Homes for Rent near Derby, IN from $600 (9 Rentals)

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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.

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

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IN is a 1 Bed unit found at Knox Landing in the Meade County neighborhood priced from $700. Broadleaf Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Knox Landing1 Bed / 1 Bath1BR,1BA$700
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$749
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750

Best Value Apartments for Rent in Derby, IN and Nearby

As of July 29, 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 3 BDRM GAR Model at Vineland Carriage Homes Apartments starting at $1,075 with a $0.80 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
Vineland Carriage Homes Apartments3 BDRM GAR3BR,2BA$0.80
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Woodside Townhomes2 Bedroom Townhome2BR,1.5BA$0.81
Anderson EstatesTwo Bedroom One Bath2BR,1BA$1.04
Hunters Run1 Bedroom, 1 Bathroom1BR,1BA$1.02
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.94
Ambassador VillasAmbassador 1 BD1BR,1BA$1.07
Knox Landing1 Bed / 1 Bath1BR,1BA$1.06

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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Frequently Asked Questions about Derby

What type of rentals are currently available in Derby?

There are currently 51 Apartments for Rent in Derby, IN with pricing that ranges from $420 to $1,835. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $699 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 $699 to $3,500 with an average monthly rent of $1,476.

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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.