Cheap Apartments for Rent in Shelby County, IN from $500 (23 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

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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

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.

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Shelby's Crest & Landing
Studio to 4 Bedroom Apartments

Shelby's Crest & Landing

753 Shelbys CrestShelbyville, IN 46176
  • Utilities Included

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.

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North Harrison Senior
1 to 2 Bedroom Apartments

North Harrison Senior

111 N Harrison StShelbyville, IN 46176
Senior Living
Showing Results 1-23, Page 1 of 1

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 1 Bed apartment currently listed from $830. 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 SeniorOne Bedroom1BR,1BA$830
Martin Estates ApartmentsOne Bedroom One Bath1BR,1BA$1,020
Water Dance Apartments2BR/1BA2BR,1BA$1,095

Best Value Apartments for Rent in Shelby County, IN

As of April 18, 2026 the best value apartment in the Shelby County area is the $0.65 price per square foot Three Bedroom Model at Hendricks Pointe in the in the Downtown Shelbyville neighborhood starting from $750. The second greatest value Shelby County apartment is the Three Bedroom Apartment I Model at Loper Commons starting at $1,379 with a $1.28 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.
Hendricks PointeThree Bedroom3BR,2BA$0.65
Loper CommonsThree Bedroom Apartment I3BR,1.5BA$1.28
The MillMarietta2BR,2BA$1.48
North Harrison SeniorTwo Bedroom2BR,1BA$1.08
Water Dance Apartments2BR/1BA2BR,1BA$1.27
1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt1451 W McKay Rd2BR,1BA$1.43
Martin Estates ApartmentsOne Bedroom One Bath1BR,1BA$1.46
806 W Washington St, Unit 3806 W Washington St1BR,1BA$1.14
116 Chestnut St, Unit 120 Chestnut apt 8116 Chestnut St1BR,1BA$1.29
119 E Polk St, Unit 10119 E Polk St1BR,1BA$1.33

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 $643 at Hendricks Pointe.

What is the most affordable Shelby County Three Bedroom Apartment?

The best deal on a cheap Shelby County Three Bedroom Apartment rental is at Hendricks Pointe and starts from $750.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.