Cheap Homes for Rent in Shelbyville, IN from $600 (15 Rentals)

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property at 202 E Taylor St

202 E Taylor St

ShelbyvilleIN46176
property at 24 Elliott St

24 Elliott St

ShelbyvilleIN46176

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.

Shelbyville, IN Local Guide

Cheapest Neighborhoods for Apartments in Shelbyville, IN

Pricing Updated: 04/27/2025

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$845$6858

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
North Harrison SeniorTwo Bedroom2BR,1BA$695
Waterbury ApartmentsStudioStudio,1BA$750
Loper Commons.One Bedroom Apartment II1BR,1BA$966

Best Value Apartments for Rent in Shelbyville, IN

As of April 27, 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 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,469 with a $1.14 price per square foot in the Tracy Commons neighborhood. 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
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.14
Keeneland Crest ApartmentsVictorian2BR,2BA$1.33
Washington Village ApartmentsThe Gable2BR,2BA$1.19
Latitudes ApartmentsThe Capricorn 2 BR 1 BA2BR,1BA$1.30
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.03
St. Andrews2Bd/2Ba T2BR,2BA$1.40
Hendricks PointeOne Bedroom1BR,1BA$0.58
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.78
North Harrison SeniorOne Bedroom1BR,1BA$0.98

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Frequently Asked Questions about Shelbyville

What type of rentals are currently available in Shelbyville?

There are currently 67 Apartments for Rent in Shelbyville, IN with pricing that ranges from $620 to $3,973. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelbyville ranging from $685 to $2,800.

What is the current price range for Rental Homes in Shelbyville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelbyville ranges from $685 to $2,800 with an average monthly rent of $1,699.

How much are larger Three and Four Bedroom Rentals in Shelbyville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelbyville range from $1,345 to $3,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $1,919.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.