
Cheap Homes for Rent in Shelby County, IN from $525 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby County.

Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

135 W Hendricks St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

129 W Hendricks St
Shelby County, IN Local Guide

How much does it cost to rent a home in Shelby County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby County 2 Bedroom Homes for Rent | $1,249 | $1,095 | $1,350 |
| Shelby County 3 Bedroom Homes for Rent | $1,682 | $1,345 | $2,020 |
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Best Value Apartments for Rent in Shelby County, IN
As of August 22, 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 Shelby County 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1.47 |
| 4951 W 600 N, Unit #1 | 4951 W 600 N | 1BR,1BA | $1.13 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Eight37 Lofts | The Crossroads 60% | 1BR,1BA | $1.55 |
| The Mill | Venable | 1BR,1BA | $1.66 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $1.33 |
Frequently Asked Questions about Shelby County
What type of rentals are currently available in Shelby County?
There are currently 43 Apartments for Rent in Shelby County, IN with pricing that ranges from $775 to $2,169. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $525 to $2,020.
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 $2,020 with an average monthly rent of $1,076.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.