Cheap Apartments for Rent in Shelbyville, IN from $400 (23 Rentals)

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Hendricks Pointe
1 Bedroom Apartments

Hendricks Pointe

415 W Taylor StShelbyville, IN 46176
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316 E Franklin St
$6451 Bedroom, 1 Bath RentalsAvailable Now

316 E Franklin St

Shelbyville, IN 46176
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135 W Hendricks St
$6951 Bedroom, 1 Bath RentalsAvailable Now

135 W Hendricks St

Shelbyville, IN 46176
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202 E Taylor St
$6951 Bedroom, 1 Bath RentalsAvailable Now

202 E Taylor St

Shelbyville, IN 46176
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133 W Hendricks St
$7251 Bedroom, 1 Bath RentalsAvailable Now

133 W Hendricks St

Shelbyville, IN 46176
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129 W Hendricks St
$7501 Bedroom, 1 Bath RentalsAvailable Now

129 W Hendricks St

Shelbyville, IN 46176
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Shelbyville, IN Local Guide

Cheapest Neighborhoods for Apartments in Shelbyville, IN

Pricing Updated: 02/18/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Shelbyville$1,345$67012

Cheapest Available Shelbyville Apartments for Rent

 

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 $502. Here is today’s list of the most affordable Shelbyville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LINCOLN PARK APARTMENTSOne Bedroom One Bathroom1BR,1BA$449
Hendricks PointeOne Bedroom1BR,1BA$502
Waterbury ApartmentsStudioStudio,1BA$750
North Harrison SeniorOne Bedroom1BR,1BA$772
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$944

Best Value Apartments for Rent in Shelbyville, IN

As of February 18, 2025 the best value apartment in the Shelbyville area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Shelbyville apartment is the Two Bedroom One Bath Model at Martin Estates Apartments starting at $944 with a $0.98 price per square foot . Here is today’s list of the best values for Shelbyville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL3-SUN3BR,2BA$1.16
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$0.98
North Harrison SeniorTwo Bedroom2BR,1BA$1.02
Keeneland Crest ApartmentsTuscan1BR,1BA$1.34
St. Andrews1Bd/1Ba Y1BR,1BA$1.37
Summit PointeThe Tanzania1BR,1BA$1.38
Hendricks PointeOne Bedroom1BR,1BA$0.58
The Row ApartmentsThe Picket2BR,1BA$1.35
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.78
303 Shelby St, Unit 303 Shelby St303 Shelby St1BR,1BA$1.13

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shelbyville, IN Rentals by Map

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Getting Around Shelbyville, IN

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $927 at North Harrison Senior.

What is the most affordable Shelbyville Three Bedroom Apartment?

The best deal on a cheap Shelbyville Three Bedroom Apartment rental is at The Row Apartments and starts from $1,324.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.