Cheap Apartments for Rent in Derby, KS from $400 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in Derby.

Check Out Wichita’s Best Affordable Neighborhoods

Learn about Wichita and the best places to live with original content written by Local Expert James Jordan

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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.

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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.

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The Place Apartments
Studio to 1 Bedroom Apartments

The Place Apartments

9320 E Osie StWichita, KS 67207
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Acosta Oaks
1 Bedroom Apartments

Acosta Oaks

2228 S Oliver StWichita, KS 67218
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Eagle Trace Apartments
1 to 2 Bedroom Apartments

Eagle Trace Apartments

925 W 29th StWichita, KS 67217
Corporate Housing
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Aragon Apartments
1 to 2 Bedroom Apartments

Aragon Apartments

8909 E Harry StWichita, KS 67207

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Stonegate MHP
3 to 4 Bedroom Apartments

Stonegate MHP

2201 E MacArthur RdWichita, KS 67216

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Bridgewater
2 to 3 Bedroom Apartments

Bridgewater

335 S Jane StHaysville, KS 67060
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Derby, KS Local Guide

Cheapest Available Derby Apartments for Rent

 

The cheapest available apartment rental in Derby, KS is a 1 Bed unit found at Woodlawn Park Apartments in the Southeast Wichita neighborhood priced from $550. Riverwalk in the Southwest Wichita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $634. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodlawn Park Apartments1BR1BR,1BA$550
RiverwalkA1R1BR,1BA$634
Garden Pines1x11BR,1BA$649
Danish Village Apartments1/1.001BR,1BA$663
ClaremontBirchStudio,1BA$690
Eagle Trace Apartments1 Bedroom, 1 Bathroom1BR,1BA$700
Cedar Lakes ApartmentsOne bedroom FP1BR,1BA$700
The Club at Cherry Hills ApartmentsOpalStudio,1BA$745
Buttonwood Tree Apartments1BR/1BA_S1BR,1BA$750
Village Park at CedarbrookeOne Bedroom1BR,1BA$760

Best Value Apartments for Rent in Derby, KS

As of July 21, 2026 the best value apartment in the Derby area is the $0.85 price per square foot AF2th4 Model at Lakeside Townhomes in the in the West Wichita neighborhood starting from $2,050. The second greatest value Derby apartment is the 4 x 3.5 - South Model at Clear Ridge Townhomes starting at $1,932 with a $0.91 price per square foot in the Southeast Wichita 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.
Lakeside TownhomesAF2th44BR,3BA$0.85
Clear Ridge Townhomes4 x 3.5 - South4BR,3.5BA$0.91
Parke East Townhomes2 BD Small - (Partial renovated) - WD2BR,1.5BA$0.80
The Fairways at DerbyCustom Deluxe III2BR,2BA$1.00
Golf Park2x22BR,2BA$0.98
South Creek Apartments3 bedroom3BR,1BA$0.89
Pine Creek Apartments2/1.00 - WD2BR,1BA$0.95
Skyline Apartments2x12BR,1BA$1.01
Village Park at CedarbrookeOne Bedroom1BR,1BA$1.00
Eagle Trace Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.00

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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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.

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

Explore Derby, KS Rentals by Map

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See the most popular apartments and homes in Derby, KS

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Frequently Asked Questions about Cheap Derby Apartments

What is the Cheapest Studio apartment in Derby?

Currently the most affordable Cheap Studio Apartment in Derby is at Claremont listed at $690.

How much is rent for a Cheap One Bedroom Derby Apartment?

The lowest price for a Cheap One Bedroom Derby Apartment is $550 at Woodlawn Park Apartments.

What is the lowest price for a Cheap Two Bedroom Derby Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Derby is starting from $675 at Woodlawn Park Apartments.

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

decorative image for A Local Expert's Guide To 10 Budget-Friendly Neighborhoods to Rent in Wichita article

A Local Expert's Guide To 10 Budget-Friendly Neighborhoods to Rent in Wichita

Written by: James Jordan

Wichita is a big city, it is remote and not on most people's radar when considering places to live. It should be. I have been knocking around the city for 25 years, and I have found it to be a gem.

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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.

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.