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Cheap Apartments for Rent in Shelby County, IN from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelby County.
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116.5 Montgomery St
ShelbyvilleIN46176
316 E Franklin St
ShelbyvilleIN46176
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129 W Hendricks St
ShelbyvilleIN46176
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529 West Washington St
ShelbyvilleIN46176
202 E Taylor St
ShelbyvilleIN46176
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Shelby County, IN Local Guide
Welcome to Indiana sign by Mark Goebel is licensed under CC BY 2.0
How much does it cost to rent an apartment in Shelby County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby County Studio Apartments | $800 | $800 | $800 |
| Shelby County 1 Bedroom Apartments | $901 | $750 | $1,040 |
| Shelby County 2 Bedroom Apartments | $1,144 | $1,000 | $1,340 |
| Shelby County 3 Bedroom Apartments | $1,408 | $1,379 | $1,515 |
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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. 403 E Washington St in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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 |
| 403 E Washington St | 1BR/1.0BA | 1BR,1BA | $750 |
| Loper Commons | One Bedroom Apartment II | 1BR,1BA | $994 |
Best Value Apartments for Rent in Shelby County, IN
As of December 29, 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 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 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| 116 Chestnut St, Unit 120 Chestnut apt 8 | 116 Chestnut St | 1BR,1BA | $1.29 |
| 1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt | 1451 W McKay Rd | 2BR,1BA | $1.43 |
| 246 E Washington St, Unit 5 | 246 E Washington St | 1BR,1BA | $1.50 |
| 403 E Washington St | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Loper Commons | One Bedroom Apartment I | 1BR,1BA | $1.74 |
| 137 E Washington St, Unit 205 | 137 E Washington St | Studio ,1BA | $3.20 |
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 $1,379.
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 18 regular apartments in Shelby County 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 Shelby County?
Cheap apartments in Shelby County have an average cost of $552 which is $827 cheaper than the average rent for all rentals in Shelby County.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!