
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

Cimarron Place
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.
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 1 Bedroom Apartments | $965 | $895 | $1,040 |
Shelby County 2 Bedroom Apartments | $1,103 | $1,029 | $1,160 |
Shelby County 3 Bedroom Apartments | $1,365 | $1,325 | $1,415 |
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 $549. North Harrison Senior in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $622. 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 | $549 |
North Harrison Senior | One Bedroom | 1BR,1BA | $622 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1,029 |
Loper Commons | Three Bedroom Apartment II. | 3BR,2BA | $1,335 |
Best Value Apartments for Rent in Shelby County, IN
As of July 03, 2025 the best value apartment in the Shelby County area is the $1.22 price per square foot Three Bedroom Apartment II. Model at Loper Commons in the in the Downtown Shelbyville neighborhood starting from $1,335. The second greatest value Shelby County apartment is the Two Bedroom One Bath Model at Martin Estates Apartments starting at $1,029 with a $1.07 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. |
---|---|---|---|
Loper Commons | Three Bedroom Apartment II. | 3BR,2BA | $1.22 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.07 |
North Harrison Senior | Two Bedroom | 2BR,1BA | $0.81 |
Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
Frequently Asked Questions about Cheap Shelby County Apartments
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 1 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
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.