Cheap Apartments for Rent in Shelby, IA from $500 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

close
View Me
22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

Shelby, IA Local Guide

Cheapest Available Shelby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelby, IA is a 2 Beds unit found at Westwood Apartments in the Old Market neighborhood priced from $700. Larimore Senior Residences in the Omaha View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Shelby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westwood Apartments2 BD2BR,1BA$700
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Woodland Park - Griswold1 BR1BR,1BA$800
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Skinner Macaroni LoftsStudioStudio,1BA$809
Cottonwood Apartments1X1B1BR,1BA$830
NoDoBillyStudio,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900

Best Value Apartments for Rent in Shelby, IA and Nearby

As of September 08, 2025 the best value apartment in the Shelby area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Shelby apartment is the 2BR/2.0BA Model at Nove Lofts starting at $1,450 with a $1.07 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Shelby apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Nove Lofts2BR/2.0BA2BR,2BA$1.07
Nichol Flats2x2 B2BR,2BA$1.14
The Archive2BR/1.0BA2BR,1BA$1.23
Westwood Apartments2 BD2BR,1BA$0.67
CopperCreek2 Bed, 1 Bath - 1032 SF2BR,1BA$1.26
The BluffsTownhome2BR,1.5BA$1.12
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
Woodland Park - Griswold1 BR1BR,1BA$1.23
Regency Villa of Atlantic1 Bedroom1BR,1BA$1.29

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Shelby, IA

Ranked #95

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shelby, IA Rentals by Map

View Map
Shelby, IA Apartments Map
View Map
Shelby, IA Rental Homes Map

Getting Around Shelby, IA

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Shelby Apartments

What is the Cheapest Studio apartment in Shelby?

Currently the most affordable Cheap Studio Apartment in Shelby is at Skinner Macaroni Lofts listed at $809.

How much is rent for a Cheap One Bedroom Shelby Apartment?

The lowest price for a Cheap One Bedroom Shelby Apartment is $760 at Larimore Senior Residences.

What is the lowest price for a Cheap Two Bedroom Shelby Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelby is starting from $700 at Westwood Apartments.

What is the most affordable Shelby Three Bedroom Apartment?

The best deal on a cheap Shelby Three Bedroom Apartment rental is at 3633 Avenue A and starts from $1,050.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.