
Cheap Apartments for Rent in Shelby County, IN from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelby County.


Cimarron Place

Charles Major Manor Affordable Senior Housing

246 E Washington St, Unit 3
Shelby County, IN Local Guide

How much does it cost to rent an apartment in Shelby County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shelby County Studio Apartments | $670 | $670 | $670 |
Shelby County 1 Bedroom Apartments | $990 | $670 | $1,700 |
Shelby County 2 Bedroom Apartments | $1,058 | $850 | $1,199 |
Shelby County 3 Bedroom Apartments | $1,443 | $1,345 | $1,815 |
Shelby County 4 Bedroom Apartments | $2,009 | $2,009 | $2,009 |
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Cheapest Available Shelby County Apartments for Rent
 The cheapest available apartment rental in Shelby County, IN is a 1 Bed unit found at Hendricks Pointe in the Downtown Shelbyville neighborhood priced from $502. North Harrison Senior in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Shelby County apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hendricks Pointe | One Bedroom | 1BR,1BA | $502 |
North Harrison Senior | Two Bedroom | 2BR,1BA | $695 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $989 |
Loper Commons | One Bedroom Apartment I | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Shelby County, IN
As of April 13, 2025 the best value apartment in the Shelby County area is the $1.03 price per square foot Two Bedroom One Bath Model at Martin Estates Apartments in the starting from $989. The second greatest value Shelby County apartment is the One Bedroom Model at Hendricks Pointe starting at $502 with a $0.58 price per square foot in the Downtown Shelbyville neighborhood. Here is today’s list of the best values for Shelby County apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.03 |
Hendricks Pointe | One Bedroom | 1BR,1BA | $0.58 |
North Harrison Senior | One Bedroom | 1BR,1BA | $0.98 |
116 Chestnut St, Unit 120 Chestnut apt 8 | 116 Chestnut St | 1BR,1BA | $1.29 |
1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt P | 1451 W McKay Rd | 2BR,1BA | $1.43 |
246 E Washington St, Unit 3 | 246 E Washington St | 1BR,1BA | $1.50 |
Loper Commons | One Bedroom Apartment I | 1BR,1BA | $1.75 |
Frequently Asked Questions about Cheap Shelby County Apartments
What is the price of a cheap apartment in Shelby County?
The cheapest apartment in Shelby County is Hendricks Pointe which is listed at $502, while the average apartment in Shelby County costs $2,009.
What types of apartments are the cheapest in Shelby County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Shelby County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.

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.

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.