Cheap Apartments for Rent in Shelby, IA from $500 (54 Rentals)

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

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.

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The Brandeis
$1,004 - $2,504
Total Monthly Price

Total Monthly Price

Base Rent
$1,004 - $2,504
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
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  • 3D Tour

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.

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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.

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Valley View Estates
$1,185 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,185 - $1,850
Total Monthly Price
$1,185 - $1,850
1 to 3 Bedroom Apartments Available Now

Valley View Estates

720 Valley View DrCouncil Bluffs, IA 51503
Corporate Housing
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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

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.

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3633 Avenue A
2 to 3 Bedroom Apartments

3633 Avenue A

3633 Avenue ACouncil Bluffs, IA 51501
  • Utilities Included
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Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Shelby, IA Local Guide

Cheapest Available Shelby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelby, IA is a 1 Bed unit found at 1209 Maple St priced from $550. 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
1209 Maple St1 BED / 1 BATH1BR,1BA$550
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Westwood Apartments2 BD2BR,1BA$785
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
9inesFlyball1BR,1BA$895
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
The BluffsOne Bedroom1BR,1BA$900
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$910
Regency Villa of HarlanRegency Villa 1 Bedroom1BR,1BA$917

Best Value Apartments for Rent in Shelby, IA and Nearby

As of June 15, 2026 the best value apartment in the Shelby area is the $1.03 price per square foot Two Bedroom Two Bath Model at Skinner Macaroni Lofts in the in the Old Market neighborhood starting from $1,536. The second greatest value Shelby apartment is the AC.2B.2B.G Model at The Brandeis starting at $1,354 with a $1.11 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.
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR,2BA$1.03
The BrandeisAC.2B.2B.G2BR,2BA$1.11
Lakeside Estates3 Bed 2 Bath Single Section3BR,2BA$1.11
The Archive1BR/1.0BA1BR,1BA$0.99
Westwood Apartments2 BD2BR,1BA$0.75
RiverEastTwo Bedroom2BR,1BA$1.08
Cottonwood Apartments2X1B2BR,1BA$1.08
Deerfield Apartments Council BluffsBirch2BR,2BA$1.22
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
1209 Maple St1 BED / 1 BATH1BR,1BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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.

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

Explore Shelby, IA Rentals by Map

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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 NOVA Apartments listed at $1,025.

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

The lowest price for a Cheap One Bedroom Shelby Apartment is $550 at 1209 Maple St.

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 $785 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 Featherstone Apartments and starts from $1,200.

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

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.