Cheap Apartments for Rent in Shelby County, IN from $500 (20 Rentals)

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

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605-607 Tinker
1 Bedroom Apartments

605-607 Tinker

605-607 TinkerWaldron, IN 46182
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11782 N Main St
1 Bedroom Apartments

11782 N Main St

11782 N Main StFountaintown, IN 46130
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Newbury Pointe
2 Bedroom Apartments

Newbury Pointe

501 Hammond DrEdinburgh, IN 46124
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Hendricks Pointe
1 to 2 Bedroom Apartments

Hendricks Pointe

415 W Taylor StShelbyville, IN 46176
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Twin Lakes Apartments
1 to 2 Bedroom Apartments

Twin Lakes Apartments

1825 Wichman LnShelbyville, IN 46176
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641 Main St
1 Bedroom Apartments

641 Main St

641 Main StShelbyville, IN 46176
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Fairland Apartments
1 to 2 Bedroom Apartments

Fairland Apartments

2251-2261 N PR. Road 470 WestShelbyville, IN 46176
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157 W Hendricks St
1 Bedroom Apartments

157 W Hendricks St

157 W Hendricks StShelbyville, IN 46176

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 ListingModel NameBed/BathPriced From
Hendricks PointeOne Bedroom1BR,1BA$502
North Harrison SeniorTwo Bedroom2BR,1BA$695
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$989
Loper CommonsOne Bedroom Apartment I1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.03
Hendricks PointeOne Bedroom1BR,1BA$0.58
North Harrison SeniorOne Bedroom1BR,1BA$0.98
116 Chestnut St, Unit 120 Chestnut apt 8116 Chestnut St1BR,1BA$1.29
1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt P1451 W McKay Rd2BR,1BA$1.43
246 E Washington St, Unit 3246 E Washington St1BR,1BA$1.50
Loper CommonsOne Bedroom Apartment I1BR,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.

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