Cheap Apartments for Rent in Shelby, IN from $800 (36 Rentals)

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

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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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Meadow Lane Apartments
1 to 2 Bedroom Apartments

Meadow Lane Apartments

2029 Meadow LnSchererville, IN 46375
  • Utilities Included
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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
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10029 Kennedy Ave
1 to 2 Bedroom Apartments

10029 Kennedy Ave

10029 Kennedy AveHighland, IN 46322
  • Utilities Included

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 1-36, Page 1 of 1

Shelby, IN Local Guide

Cheapest Available Shelby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelby, IN is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Madison Cottage of Rensselaer has the second lowest priced unit, which is a 1 Bed apartment currently listed from $879. Here is today’s list of the most affordable Shelby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Madison Cottage of Rensselaer1x11BR,1BA$879
Tiberon TrailsStudio BStudio,1BA$909
Birchwood ApartmentsOne Bedroom1BR,1BA$930
The Ridge ApartmentsFir1BR,1BA$975
Arlington ApartmentsB2BR,1BA$988
Hidden CreekDanube Partial1BR,1BA$1,089
Kirby ManorTwo Bedroom2BR,1BA$1,113
Meadowlane Apartments2BR/ 1BA2BR,1BA$1,120
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1,122

Best Value Apartments for Rent in Shelby, IN and Nearby

As of January 02, 2026 the best value apartment in the Shelby area is the $1.08 price per square foot 2BR/ 1BA Model at Meadowlane Apartments in the in the Liverpool neighborhood starting from $1,120. The second greatest value Shelby apartment is the 2BR / 1BA Model at Fountain View Apartments starting at $1,350 with a $1.31 price per square foot in the Downtown Crown Point 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.
Meadowlane Apartments2BR/ 1BA2BR,1BA$1.08
Fountain View Apartments2BR / 1BA2BR,1BA$1.31
Maple Leaf Apartments2.2C2BR,2BA$1.28
Kirby ManorTwo Bedroom2BR,1BA$1.25
1905 Austin Ave2 Bed 1 Bath2BR,1BA$1.46
Madison Cottage of Rensselaer1x11BR,1BA$1.03
2100 N Main St1 Bed 1 Bath1BR,1BA$1.32
Arlington ApartmentsB2BR,1BA$1.24
The Ridge ApartmentsFir1BR,1BA$1.50
Birchwood ApartmentsOne Bedroom1BR,1BA$1.43

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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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.

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

Explore Shelby, IN Rentals by Map

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See the most popular apartments and homes in Shelby, IN

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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 Crest Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Shelby Apartment is $879 at Madison Cottage of Rensselaer.

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 $988 at Arlington Apartments.

What is the most affordable Shelby Three Bedroom Apartment?

The best deal on a cheap Shelby Three Bedroom Apartment rental is at Madison Cottage of Rensselaer and starts from $1,215.

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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!