Cheap Apartments for Rent in Shelby County, IN from $500 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Shelby County.

close
View Me
11782 N Main St
1 Bedroom Apartments

11782 N Main St

11782 N Main StFountaintown, IN 46130
close
View Me
605-607 Tinker
1 Bedroom Apartments

605-607 Tinker

605-607 TinkerWaldron, IN 46182

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.

close
View Me
641 Main St
1 Bedroom Apartments

641 Main St

641 Main StShelbyville, IN 46176
close
View Me
Fairland Apartments
1 to 2 Bedroom Apartments

Fairland Apartments

2251-2261 N PR. Road 470 WestShelbyville, IN 46176
close
View Me
157 W Hendricks St
1 Bedroom Apartments

157 W Hendricks St

157 W Hendricks StShelbyville, IN 46176
close
View Me
North Harrison Senior
1 to 2 Bedroom Apartments

North Harrison Senior

111 N Harrison StShelbyville, IN 46176
Senior Living

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.

close
View Me
Hendricks Pointe
1 to 3 Bedroom Apartments

Hendricks Pointe

415 W Taylor StShelbyville, IN 46176
close
View Me
Shelby's Crest & Landing
Studio to 4 Bedroom Apartments

Shelby's Crest & Landing

753 Shelbys CrestShelbyville, IN 46176
  • Utilities Included
close
View Me
Newbury Pointe
2 Bedroom Apartments

Newbury Pointe

501 Hammond DrEdinburgh, IN 46124
close
View Me
Twin Lakes Apartments
1 to 2 Bedroom Apartments

Twin Lakes Apartments

1825 Wichman LnShelbyville, IN 46176
  • Utilities Included

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.

Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, IN is a 1 Bed unit found at Hendricks Pointe in the Downtown Shelbyville neighborhood priced from $538. North Harrison Senior in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $747. Here is today’s list of the most affordable Shelby County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hendricks PointeOne Bedroom1BR,1BA$538
North Harrison SeniorTwo Bedroom2BR,1BA$747
523 Miller Ave1BR/1.0BA1BR,1BA$800
Eight37 LoftsThe Crossroads 50%1BR,1BA$932
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$999

Best Value Apartments for Rent in Shelby County, IN

As of August 09, 2026 the best value apartment in the Shelby County area is the $1.04 price per square foot Two Bedroom One Bath Model at Martin Estates Apartments in the in the Shelby County neighborhood starting from $999. The second greatest value Shelby County apartment is the One Bedroom Model at Hendricks Pointe starting at $538 with a $0.62 price per square foot in the Downtown Shelbyville neighborhood. Here is today’s list of the best values for Shelby County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.04
Hendricks PointeOne Bedroom1BR,1BA$0.62
Water Dance Apartments2BR/1BA2BR,1BA$1.27
Loper CommonsTwo Bedroom Apartment I2BR,1BA$1.47
4951 W 600 N, Unit #14951 W 600 N1BR,1BA$1.13
North Harrison SeniorOne Bedroom1BR,1BA$1.33
Eight37 LoftsThe Crossroads 60%1BR,1BA$1.55
The MillVenable1BR,1BA$1.66
523 Miller Ave1BR/1.0BA1BR,1BA$1.33

Frequently Asked Questions about Cheap Shelby County Apartments

What is the price of a cheap apartment in Shelby County?

The cheapest apartment in Shelby County is Hendricks Pointe which is listed at $538, while the average apartment in Shelby County costs $1,240.

What types of apartments are the cheapest in Shelby County?

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 2 regular apartments in Shelby County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.