Cheap Apartments for Rent in the Shelborne Green Neighborhood of Carmel, IN from $500 (37 Rentals)

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

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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ReNew at the Crossing
Rent Specials
$1,109 - $2,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,109 - $2,299
Total Monthly Price
$1,109 - $2,299
1 to 2 Bedroom Apartments Available Now

ReNew at the Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-37, 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 King's Reserve College Park 55+ Active Living priced from $699. Reflections Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Shelborne Green apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
King's Reserve College Park 55+ Active LivingStudio KingStudio,1BA$699
Reflections ApartmentsExpressionsStudio,1BA$799
Carlton ApartmentsVilla1BR,1BA$800
Turtle Creek - IndianapolisStudio ShellStudio,1BA$859
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$875
Avia Lofts at Founders RoadStudioStudio,1BA$979
Slate Run Lofts and Apartments1 Bed/1 Ba-Apts1BR,1BA$980
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1,025
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 April 25, 2026 the best value apartment in the Shelborne Green area is the $1.64 price per square foot Harmony Model at Aria Apartments of Zionsville in the in the Spring Arbor neighborhood starting from $1,969. The second greatest value Shelborne Green apartment is the Two Bedroom 2 Bath Model at Lakeshore Reserve Off 86th Apartments and Townhomes starting at $1,305 with a $1.34 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.
Aria Apartments of ZionsvilleHarmony2BR,2BA$1.64
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.34
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.32
The Lakes ApartmentsHuntington2BR,1BA$1.60
The Eclipse Apartment HomesThe Galexia w/ Den - Upgraded1BR,1BA$1.29
North Willow1 Bed/1 Bath-Dn1BR,1BA$1.52
ReNew at the Crossing1x11BR,1BA$1.49
Chelsea VillageOne Bedroom Apartment1BR,1BA$1.62
The JamesonBarker1BR,1BA$1.64
Summerwood on Towne Line ApartmentsPoplar1BR,1BA$1.56

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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 #11

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 $1,045.

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

The cheapest apartment in Shelborne Green is Carlton Apartments which is listed at $800, while the average apartment in Shelborne Green costs $2,095.

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 43 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 $372 which is $1,723 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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