Cheap Homes for Rent in Derby, KS from $700 (7 Rentals)

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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.

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.

Derby, KS Local Guide

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 ListingModel NameBed/BathPriced From
Woodlawn Park Apartments1BR1BR,1BA$550
RiverwalkA2R1BR,1BA$634
ClaremontBirchStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeside TownhomesAF2th44BR,3BA$0.86
Parke East Townhomes2 BD Large - (Partial renovated) - WD2BR,1.5BA$0.73
Golf Park2x22BR,2BA$0.98
The Club at Cherry Hills ApartmentsSapphire2BR,1BA$1.01
South Creek Apartments3 bedroom3BR,1BA$0.89
The Willows2/1.00 - WD ( PR )2BR,1BA$1.06
Aragon ApartmentsA1F1BR,1BA$1.05
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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Quick 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.

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

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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

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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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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.

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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.