Cheap Apartments for Rent in the Shelborne Green Neighborhood of Carmel, IN from $587 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Shelborne Green area of Carmel.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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ReNew at the Crossing
Rent Specials
$1,099 - $2,099

Total Monthly Price

Base Rent$1,099 - $2,099
Total Monthly Price$1,099 - $2,099
1 to 2 Bedroom Apartments Available Now

ReNew at the Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
  • Smoke Free
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-39, Page 1 of 1

Shelborne Green, Carmel, IN Local Guide

Cheapest Available Shelborne Green Apartments for Rent

 

The cheapest available apartment rental in the Shelborne Green area of Indianapolis, IN is a 1 Bed unit found at Carlton Apartments priced from $810. Dogwood Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Shelborne Green apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carlton ApartmentsVilla1BR,1BA$810
Dogwood Glen1 Bed 1 Bath1BR,1BA$855
Turtle CreekA1 Hickory1BR,1BA$859
King's Reserve College Park 55+ Active AdultStudio NookStudio,1BA$875
Avia Lofts at Founders RoadStudioStudio,1BA$949
Pickwick Farms Apartments1 BR, 1 Bath1BR,1BA$968
The Grove on Harcourt1x1.5 Large Classic1BR,1BA$1,019
The Eclipse Apartment HomesThe Phoenix1BR,1BA$1,029
The Manning Apartment HomesStudioStudio,1BA$1,029
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045

Best Value Apartments for Rent in Shelborne Green, IN

As of September 08, 2026 the best value apartment in the Shelborne Green area is the $1.48 price per square foot Shelbourne Model at Willow Lake Apartments in the in the Spring Arbor neighborhood starting from $2,285. The second greatest value Shelborne Green apartment is the 2 Bed/2 Bath-Up Model at North Willow starting at $1,569 with a $1.16 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Shelborne Green apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Lake ApartmentsShelbourne2BR,2BA$1.48
North Willow2 Bed/2 Bath-Up2BR,2BA$1.16
The Lakes ApartmentsMartin3BR,2BA$1.41
Reflections ApartmentsRenderings I2BR,1.5BA$1.27
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.11
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.33
Slate Run Lofts and Apartments2 Bed/1 Ba-Apts2BR,1BA$1.40
Pickwick Farms Apartments2 BR, 1.5 Bath2BR,1.5BA$1.39
ReNew at the Crossing1x11BR,1BA$1.46
Dogwood Glen1 Bed 1 Bath1BR,1BA$1.48

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Shelborne Green, Carmel, IN

Ranked #12

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Carmel. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Shelborne Green Apartments

What is the Cheapest Studio apartment in Shelborne Green?

Currently the most affordable Cheap Studio Apartment in Shelborne Green is at King's Reserve College Park 55+ Active Adult listed at $875.

How much is rent for a Cheap One Bedroom Shelborne Green Apartment?

The lowest price for a Cheap One Bedroom Shelborne Green Apartment is $810 at Carlton Apartments.

What is the lowest price for a Cheap Two Bedroom Shelborne Green Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelborne Green is starting from $1,070 at Carlton Apartments.

What is the most affordable Shelborne Green Three Bedroom Apartment?

The best deal on a cheap Shelborne Green Three Bedroom Apartment rental is at The Eclipse Apartment Homes and starts from $1,579.

Expert Rental Resources

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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