Cheap Homes for Rent in Shelby County, IN from $500 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176

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.

property at 9445 N 300 E

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

9445 N 300 E

MorristownIN46161

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.

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 08, 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
Martin Estates ApartmentsOne Bedroom One Bath1BR,1BA$1.46
806 W Washington St, Unit 3806 W Washington St1BR,1BA$1.14
1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt1451 W McKay Rd2BR,1BA$1.43
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 Shelby County

What type of rentals are currently available in Shelby County?

There are currently 47 Apartments for Rent in Shelby County, IN with pricing that ranges from $690 to $1,882. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $525 to $3,900.

What is the current price range for Rental Homes in Shelby County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelby County ranges from $525 to $3,900 with an average monthly rent of $1,872.

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 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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.