
Cheap Homes for Rent in Shelby County, IN from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby County.


392 W Broadway St
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.

529 West Washington St

316 E Franklin St
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.
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 | $1,056 | $925 | $1,195 |
| Shelby County 3 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Homes for Rent in Shelby County
Explore Shelby County
Best Value Apartments for Rent in Shelby County, IN
As of July 08, 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 |
| The Mill | Walker | 1BR,1BA | $1.99 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Eight37 Lofts | 1D 60% | 1BR,1BA | $1.55 |
| 119 E Polk St, Unit 10 | 119 E Polk St | 1BR,1BA | $1.50 |
Frequently Asked Questions about Shelby County
What type of rentals are currently available in Shelby County?
There are currently 42 Apartments for Rent in Shelby County, IN with pricing that ranges from $690 to $1,882. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $525 to $2,150.
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 $2,150 with an average monthly rent of $1,272.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.