Cheap Apartments for Rent in Derby, IN from $500 (32 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Bayshore Townhomes
1 to 2 Bedroom Apartments

Bayshore Townhomes

5501 Bayshore CtLouisville, KY 40258
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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
  • Utilities Included

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Derby, IN Local Guide

Cheapest Available Derby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Derby, IN is a 1 Bed unit found at Vista Apartments of Radcliffe priced from $700. Legion Park & Heartwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Derby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vista Apartments of Radcliffe1 Bdrm1BR,1BA$700
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$759
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,1BA$825
Woodside Townhomes2 Beds, 1.5 baths2BR,1BA$850
Miller Manor Apartments1 Bed1BR,1BA$850
Anderson EstatesTwo Bedroom One Bath2BR,1BA$899
Embassy Townhomes2 Bed, 1.5 Bath2BR,1BA$900
Vineland Carriage Homes ApartmentsSM 2 BDRM2BR,2BA$935
Country Place2 Beds, 1 bath2BR,1BA$950

Best Value Apartments for Rent in Derby, IN and Nearby

As of May 13, 2025 the best value apartment in the Derby area is the $1.03 price per square foot Villas of Heritage Springs Apartments Model at Heritage Springs Rentals in the starting from $1,200. The second greatest value Derby apartment is the 2 Beds, 1.5 baths Model at Woodside Townhomes starting at $850 with a $0.81 price per square foot . 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.
Heritage Springs RentalsVillas of Heritage Springs Apartments2BR,2BA$1.03
Woodside Townhomes2 Beds, 1.5 baths2BR,1.5BA$0.81
Vineland Carriage Homes ApartmentsSM 2 BDRM2BR,2BA$0.90
Bayshore TownhomesFirefly2BR,1.5BA$0.94
Anderson EstatesTwo Bedroom One Bath2BR,1BA$0.94
Miller Manor Apartments2 Bed2BR,1BA$1.11
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,1BA$1.09
Vista Apartments of Radcliffe1 Bdrm1BR,1BA$1.08

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Frequently Asked Questions about Cheap Derby Apartments

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

The lowest price for a Cheap One Bedroom Derby Apartment is $700 at Vista Apartments of Radcliffe.

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 $850 at Woodside Townhomes.

What is the most affordable Derby Three Bedroom Apartment?

The best deal on a cheap Derby Three Bedroom Apartment rental is at Vineland Carriage Homes Apartments and starts from $1,200.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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