
Cheap Homes for Rent in Derby, KS from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Derby.


1930 S Spruce St

4421 S Oak Ave
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.

208 S Lamar Ave

2320 E MacArthur Rd

5434 S Kansas St
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.

4612 S Seneca St
Derby, KS 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 | $1,114 | $750 | $1,600 |
| Derby 3 Bedroom Homes for Rent | $1,457 | $975 | $2,100 |
| Derby 4 Bedroom Homes for Rent | $1,701 | $1,145 | $2,300 |
Browse Top Homes for Rent in Derby
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Derby, KS Local Guide
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Cheapest Available Derby Apartments for Rent and Nearby
 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodlawn Park Apartments | 1BR | 1BR,1BA | $550 |
| Riverwalk | A2R | 1BR,1BA | $634 |
| Claremont | Birch | Studio,1BA | $657 |
Best Value Apartments for Rent in Derby, KS and Nearby
As of June 26, 2026 the best value apartment in the Derby area is the $0.86 price per square foot AF2th4 Model at Lakeside Townhomes in the in the West Wichita neighborhood starting from $2,068. The second greatest value Derby apartment is the 2 BD Large - (Partial renovated) - WD Model at Parke East Townhomes starting at $1,244 with a $0.73 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeside Townhomes | AF2th4 | 4BR,3BA | $0.86 |
| Parke East Townhomes | 2 BD Large - (Partial renovated) - WD | 2BR,1.5BA | $0.73 |
| Golf Park | 2x2 | 2BR,2BA | $0.98 |
| The Club at Cherry Hills Apartments | Sapphire | 2BR,1BA | $1.01 |
| South Creek Apartments | 3 bedroom | 3BR,1BA | $0.89 |
| The Willows | 2/1.00 - WD ( PR ) | 2BR,1BA | $1.06 |
| Aragon Apartments | A1F | 1BR,1BA | $1.05 |
| Skyline Apartments | 2x1 | 2BR,1BA | $1.01 |
| Village Park at Cedarbrooke | One Bedroom | 1BR,1BA | $1.00 |
| Eagle Trace Apartments | 1 Bedroom, 1 Bathroom | 1BR,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.
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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Derby, KS Rentals by Map
See the most popular apartments and homes in Derby, KS
Frequently Asked Questions about Derby
What type of rentals are currently available in Derby?
There are currently 49 Apartments for Rent in Derby, KS with pricing that ranges from $460 to $4,452. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derby ranging from $750 to $2,300.
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 $750 to $2,300 with an average monthly rent of $1,424.
How much are larger Three and Four Bedroom Rentals in Derby?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Derby range from $800 to $2,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,145 and Four Bedroom Apartments start at $1,310.
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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.