
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.


Charles Major Manor Affordable Senior Housing

Water Dance Apartments

11782 N Main St

Suburban Mobile Home Park

605-607 Tinker
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.

641 Main St

Fairland Apartments

2215-2239 N PR 470 W

157 W Hendricks St

Smithland Apartments

North Harrison Senior
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.

Martin Estates Apartments

Hendricks Pointe

Old Shelby High Apartments

Shelby's Crest & Landing

Newbury Pointe

Twin Lakes Apartments
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.

Suburban Court Apartments
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 Studio Apartments | $1,078 | $1,078 | $1,078 |
| Shelby County 1 Bedroom Apartments | $1,181 | $775 | $1,566 |
| Shelby County 2 Bedroom Apartments | $1,294 | $850 | $1,878 |
| Shelby County 3 Bedroom Apartments | $1,541 | $1,390 | $1,882 |
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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hendricks Pointe | One Bedroom | 1BR,1BA | $538 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $747 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $800 |
| Eight37 Lofts | The Crossroads 50% | 1BR,1BA | $932 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1.47 |
| 4951 W 600 N, Unit #1 | 4951 W 600 N | 1BR,1BA | $1.13 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Eight37 Lofts | The Crossroads 60% | 1BR,1BA | $1.55 |
| The Mill | Venable | 1BR,1BA | $1.66 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,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

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.

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.

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.

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.