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Cheap Apartments for Rent in Shelbyville, IN from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelbyville.
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106 W Broadway St
ShelbyvilleIN46176
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
214 W Franklin St
ShelbyvilleIN46176
108 W Pennsylvania St
ShelbyvilleIN46176
129 W Hendricks St
ShelbyvilleIN46176
316 E Franklin St
ShelbyvilleIN46176
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
202 E Taylor St
ShelbyvilleIN46176
48 E Mechanic St
ShelbyvilleIN46176
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from $449Studio to 2 Bedroom Apartments Available Now
LINCOLN PARK APARTMENTS
600 W North StGreenfield, IN 46140
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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from $750Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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Shelbyville, IN Local Guide
Shelbyville Commercial Historic District by Nyttend is licensed under CCO 1.0
How much does it cost to rent an apartment in Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelbyville Studio Apartments | $1,226 | $620 | $1,390 |
| Shelbyville 1 Bedroom Apartments | $1,331 | $790 | $2,778 |
| Shelbyville 2 Bedroom Apartments | $1,556 | $850 | $2,834 |
| Shelbyville 3 Bedroom Apartments | $1,966 | $1,296 | $4,527 |
| Shelbyville 4 Bedroom Apartments | $2,040 | $2,040 | $2,040 |
Browse Top Apartments in Shelbyville
See all Apartments in ShelbyvilleExplore Shelbyville
Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 05/18/2025Current apartment rentals in the Shelbyville, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Shelbyville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Shelbyville | $1,415 | $895 | 2 |
Cheapest Available Shelbyville Apartments for Rent and Nearby
The cheapest available apartment rental in Shelbyville, IN is a 1 Bed unit found at LINCOLN PARK APARTMENTS priced from $449. Hendricks Pointe in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $549. Here is today’s list of the most affordable Shelbyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $449 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $549 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $747 |
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| Loper Commons | .One Bedroom Apartment II | 1BR,1BA | $966 |
Best Value Apartments for Rent in Shelbyville, IN and Nearby
As of May 18, 2025 the best value apartment in the Shelbyville area is the $1.19 price per square foot Windsor Model at Lakes of Windsor in the in the Southeast Indianapolis neighborhood starting from $1,670. The second greatest value Shelbyville apartment is the The Everest Model at Summit Pointe starting at $1,882 with a $1.36 price per square foot in the Southside Indianapolis neighborhood. Here is today’s list of the best values for Shelbyville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakes of Windsor | Windsor | 3BR,2BA | $1.19 |
| Summit Pointe | The Everest | 3BR,2BA | $1.36 |
| Latitudes Apartments | The Voyager 3 BR 2 BA | 3BR,2BA | $1.36 |
| Washington Village Apartments | The Estate | 3BR,2BA | $1.18 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.05 |
| St. Andrews | 2Bd/2Ba T | 2BR,2BA | $1.36 |
| LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.85 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
| The Row Apartments | The Picket | 2BR,1BA | $1.29 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.05 |
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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-6 (339)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shelbyville, IN Rentals by Map
See the most popular apartments and homes in Shelbyville, IN
Shelbyville, IN Apartments MapShelbyville, IN Rental Homes MapGetting Around Shelbyville, IN
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 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 Shelbyville Apartments
What is the Cheapest Studio apartment in Shelbyville?
Currently the most affordable Cheap Studio Apartment in Shelbyville is at LINCOLN PARK APARTMENTS listed at $620.
How much is rent for a Cheap One Bedroom Shelbyville Apartment?
The lowest price for a Cheap One Bedroom Shelbyville Apartment is $449 at LINCOLN PARK APARTMENTS.
What is the lowest price for a Cheap Two Bedroom Shelbyville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shelbyville is starting from $656 at Hendricks Pointe.
What is the most affordable Shelbyville Three Bedroom Apartment?
The best deal on a cheap Shelbyville Three Bedroom Apartment rental is at Loper Commons and starts from $1,357.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.