Cheap Apartments for Rent in the Shelborne Green Neighborhood of Carmel, IN from $500 (26 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
$1,019 - $2,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,019 - $2,449
Total Monthly Price
$1,019 - $2,449
1 to 3 Bedroom Apartments Available Now

ReNew at the Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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

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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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
Showing Results 1-26, 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 Studio unit found at Turtle Creek - Indianapolis priced from $749. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Shelborne Green apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Turtle Creek - IndianapolisS1 ShellStudio,1BA$749
Carlton ApartmentsVilla1BR,1BA$810
Reflections ApartmentsMusingsStudio,1BA$824
The Manning Apartment HomesStudioStudio,1BA$969
Avia Lofts at Founders RoadStudioStudio,1BA$979
Pickwick Farms Apartments1 BR, 1 Bath1BR,1BA$980
ReNew at the Crossing1x11BR,1BA$1,019
King's Reserve College Park 55+ Active LivingStudio AlcoveStudio,1BA$1,025
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045
The Grove on Harcourt1x1.5 Large Classic1BR,1BA$1,049

Best Value Apartments for Rent in Shelborne Green, IN

As of July 25, 2026 the best value apartment in the Shelborne Green area is the $1.70 price per square foot Clearwater LUX - 2 Beds, 1.5 Baths Model at The Spring Waterside Luxury Apartments in the in the Spring Arbor neighborhood starting from $1,699. The second greatest value Shelborne Green apartment is the 1x1.5 Large Renovated Model at The Grove on Harcourt starting at $1,199 with a $1.33 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.
The Spring Waterside Luxury ApartmentsClearwater LUX - 2 Beds, 1.5 Baths2BR,1.5BA$1.70
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.33
Crooked CreekThe Ember (Renovated)1BR,1.5BA$1.69
The Eclipse Apartment HomesThe Phoenix - Renovated1BR,1.5BA$1.54
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1.40
ReNew at the Crossing1x11BR,1BA$1.35
Chelsea VillageOne Bedroom Apartment1BR,1BA$1.62
Pickwick Farms Apartments1 BR, 1 Bath1BR,1BA$1.40
The Villages of Bent Tree ApartmentsThe Hickory - 1 Bedroom 1 Bath1BR,1BA$1.70
Oak Lake at Crooked CreekCanopy1BR,1BA$1.64

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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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 a cheap apartment in Shelborne Green?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelborne Green is under $1,049.

What is the price of a cheap apartment in Shelborne Green?

The cheapest apartment in Shelborne Green is Carlton Apartments which is listed at $810, while the average apartment in Shelborne Green costs $1,897.

What types of apartments are the cheapest in Shelborne Green?

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 8 regular apartments in Shelborne Green that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Shelborne Green?

Cheap apartments in Shelborne Green have an average cost of $196 which is $1,701 cheaper than the average rent for all rentals in Shelborne Green.

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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