Cheap Apartments for Rent in Derby, IA from $500 (28 Rentals)

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Williams Terrace
1 Bedroom Apartments

Williams Terrace

1603 N 9th StIndianola, IA 50125
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Southridge Senior Lofts
1 to 2 Bedroom Apartments

Southridge Senior Lofts

695 E Army Post RdDes Moines, IA 50315
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Derby, IA Local Guide

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IA is a 1 Bed unit found at Melbourne in the Southeast Des Moines neighborhood priced from $627. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $638. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MelbourneA2 - 40 - Income Restricted1BR,1BA$627
Foxwood ApartmentsB22BR,1BA$638
The RidgesS1 - RenovatedStudio,1BA$710
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$725
The Hampton MeadowsA1 - Renovated1BR,1BA$740
East Park Apartments1/2 Story Down2BR,1BA$750
Indianola Park Apartments1BR Ground1BR,1BA$755
SunburstOne Bedroom1BR,1BA$790
SomersetB22BR,1BA$808
Willow Bend1 Bedroom1BR,1BA$810

Best Value Apartments for Rent in Derby, IA and Nearby

As of April 15, 2025 the best value apartment in the Derby area is the $1.04 price per square foot 3 Bedroom Model at The Vineyards in the in the Southeast Des Moines neighborhood starting from $1,270. The second greatest value Derby apartment is the Sign a 13 Month Lease, Get the 13th Month Free! Model at Lincoln Ridge by Kading starting at $1,150 with a $1.14 price per square foot in the Easton Park 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.
The Vineyards3 Bedroom3BR,2BA$1.04
Lincoln Ridge by KadingSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Carman Estates2 Bedroom2BR,2BA$1.18
The Meadows2 Bedroom2BR,1BA$0.91
Northern Plains by KadingCottage - 22BR,1BA$1.07
Next Level Apartments - Deer RunB12BR,1BA$1.03
SomersetB12BR,1BA$1.08
Willow Bend1 Bedroom1BR,1BA$1.13
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.04
Foxwood ApartmentsA21BR,1BA$1.16

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Getting Around Derby, IA

Bike Score®

16 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 The Ridges listed at $710.

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

The lowest price for a Cheap One Bedroom Derby Apartment is $627 at Melbourne.

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 $641 at Foxwood Apartments.

What is the most affordable Derby Three Bedroom Apartment?

The best deal on a cheap Derby Three Bedroom Apartment rental is at The Meadows and starts from $950.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.