Cheap Apartments for Rent in Shelby County, IN from $500 (21 Rentals)

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

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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.

property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176
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Hendricks Pointe
1 to 3 Bedroom Apartments

Hendricks Pointe

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

Shelby's Crest & Landing

753 Shelbys CrestShelbyville, IN 46176
  • Utilities Included

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North Harrison Senior
1 to 2 Bedroom Apartments

North Harrison Senior

111 N Harrison StShelbyville, IN 46176
Senior Living

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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 ListingModel NameBed/BathPriced From
Hendricks PointeOne Bedroom1BR,1BA$538
North Harrison SeniorTwo Bedroom2BR,1BA$747
Eight37 Lofts1D 50%1BR,1BA$932
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$999
Water Dance Apartments2BR/1BA2BR,1BA$1,095

Best Value Apartments for Rent in Shelby County, IN

As of June 14, 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 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 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
North Harrison SeniorOne Bedroom1BR,1BA$1.33
Eight37 Lofts1D 60%1BR,1BA$1.55
The MillRobinson1BR,1BA$1.64
116 Chestnut St, Unit 120 Chestnut apt 8116 Chestnut St1BR,1BA$1.29
1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt1451 W McKay Rd2BR,1BA$1.43
246 E Washington St, Unit 5246 E Washington St1BR,1BA$1.50
119 E Polk St, Unit 10119 E Polk St1BR,1BA$1.50

Frequently Asked Questions about Cheap Shelby County Apartments

How much is rent for a Cheap One Bedroom Shelby County Apartment?

The lowest price for a Cheap One Bedroom Shelby County Apartment is $538 at Hendricks Pointe.

What is the lowest price for a Cheap Two Bedroom Shelby County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelby County is starting from $747 at North Harrison Senior.

What is the most affordable Shelby County Three Bedroom Apartment?

The best deal on a cheap Shelby County Three Bedroom Apartment rental is at The Mill and starts from $1,594.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.