
Cheap Homes for Rent near Derby, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Derby.


606 Main St

920 Sycamore St

499 Hornback Farms Ln
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.

5492 Red Mile Loop

1238 Clear Ridge Ln

1240 Clear Ridge Ln

439 7th St
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.

608 13th St
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 | $1,191 | $900 | $1,475 |
| Derby 3 Bedroom Homes for Rent | $1,827 | $850 | $3,500 |
| Derby 4 Bedroom Homes for Rent | $2,333 | $1,400 | $3,199 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Knox Landing | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $749 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| Vineland Carriage Homes Apartments | 3 BDRM GAR | 3BR,2BA | $0.80 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Woodside Townhomes | 2 Bedroom Townhome | 2BR,1.5BA | $0.81 |
| Anderson Estates | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Hunters Run | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.02 |
| Embassy Townhomes | 2 Bed, 1.5 Bath | 2BR,1.5BA | $1.00 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.94 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $1.07 |
| Knox Landing | 1 Bed / 1 Bath | 1BR,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.
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.
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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 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

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.

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.

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.

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.