
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
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.

641 Main St

Fairland Apartments

2215-2239 N PR 470 W

157 W Hendricks St

Smithland Apartments

North Harrison Senior
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.

Martin Estates Apartments

Hendricks Pointe

Old Shelby High Apartments

Shelby's Crest & Landing

Newbury Pointe

Twin Lakes Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 | $999 | $999 | $999 |
| Shelby County 1 Bedroom Apartments | $987 | $750 | $1,700 |
| Shelby County 2 Bedroom Apartments | $1,183 | $1,090 | $1,340 |
| Shelby County 3 Bedroom Apartments | $1,424 | $1,379 | $1,515 |
Browse Apartments in Shelby County
See all Apartments in ShelbyExplore Shelby County
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. Loper Commons in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $994. 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 |
| Loper Commons | One Bedroom Apartment I | 1BR,1BA | $994 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $997 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $999 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1,095 |
Best Value Apartments for Rent in Shelby County, IN
As of February 19, 2026 the best value apartment in the Shelby County area is the $0.62 price per square foot One Bedroom Model at Hendricks Pointe in the in the Downtown Shelbyville neighborhood starting from $538. The second greatest value Shelby County apartment is the 2BR/1BA Model at Water Dance Apartments starting at $1,095 with a $1.27 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. |
|---|---|---|---|
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| 4951 W 600 N, Unit #1 | 4951 W 600 N | 1BR,1BA | $1.19 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Martin Estates Apartments | One Bedroom One Bath | 1BR,1BA | $1.46 |
| Loper Commons | One Bedroom Apartment I | 1BR,1BA | $1.74 |
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 $1,390.
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 8 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.