
Cheap Apartments for Rent in Shelby County, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelby County.


Cimarron Place

Charles Major Manor Affordable Senior Housing
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.
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.
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.
Shelby County, IN Local Guide

How much does it cost to rent an apartment in Shelby County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shelby County 1 Bedroom Apartments | $1,027 | $725 | $1,700 |
Shelby County 2 Bedroom Apartments | $1,066 | $850 | $1,155 |
Shelby County 3 Bedroom Apartments | $1,422 | $1,379 | $1,465 |
Browse Apartments in Shelby County
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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 $549. North Harrison Senior in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here is today’s list of the most affordable Shelby County apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hendricks Pointe | One Bedroom | 1BR,1BA | $549 |
North Harrison Senior | One Bedroom | 1BR,1BA | $830 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $999 |
Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1,153 |
Best Value Apartments for Rent in Shelby County, IN
As of September 19, 2025 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 Downtown Shelbyville neighborhood starting from $999. The second greatest value Shelby County apartment is the Two Bedroom Model at North Harrison Senior starting at $997 with a $1.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
North Harrison Senior | Two Bedroom | 2BR,1BA | $1.08 |
Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1.36 |
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 $549, while the average apartment in Shelby County costs $1,422.
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
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.