Cheap Apartments for Rent in Shelby, IA from $500 (13 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-13, Page 1 of 1

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 Regency Villa of Atlantic priced from $775. Maple Second in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Shelby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Larimore Senior ResidencesOne Bed/One Bat 50% Hh1BR,1BA$823
3633 Avenue A2 Bed 1 Bath2BR,1BA$850
The BluffsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Shelby, IA and Nearby

As of May 31, 2025 the best value apartment in the Shelby area is the $1.18 price per square foot 1 Bed 1 Bath Model at Cornerstone Apartments in the in the Old Market neighborhood starting from $1,475. The second greatest value Shelby apartment is the 2BR/1.0BA Model at The Archive starting at $1,475 with a $1.21 price per square foot in the Twin City 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.
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
The Archive2BR/1.0BA2BR,1BA$1.21
The BrandeisAC.2B.G2BR,1BA$1.28
Old Market Lofts2 Bedroom 1 Bathroom2BR,1BA$1.21
Chapel Ridge-C BluffsTwo Bedroom2BR,2BA$1.32
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.27
Skinner Macaroni LoftsOne Bedroom1BR,1BA$1.33
Larimore Senior ResidencesOne Bed/One Bath - 50%1BR,1BA$1.28
The BluffsOne Bedroom1BR,1BA$1.25
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.

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Pet Friendly Lifestyle
Shelby, IA

Ranked #80

Among cities in Iowa for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Shelby, IA Rentals by Map

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See the most popular apartments and homes in Shelby, IA

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Shelby Apartments

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

The lowest price for a Cheap One Bedroom Shelby Apartment is $775 at Regency Villa of Atlantic.

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 $850 at 3633 Avenue A.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.