
Cheap Homes for Rent in Shelby, IN from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby.


111 Harrington Ave

8000 Lake Shore Dr

12435 Ripley Pl

709 N Grant St

7701 W Taft St

10845 Forestdale St
Shelby, IN Local Guide

How much does it cost to rent a home in Shelby?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby 2 Bedroom Homes for Rent | $1,602 | $995 | $3,200 |
| Shelby 3 Bedroom Homes for Rent | $2,398 | $1,350 | $3,000 |
| Shelby 4 Bedroom Homes for Rent | $2,849 | $2,250 | $3,400 |
| Shelby 5 Bedroom Homes for Rent | $2,850 | $2,500 | $3,200 |
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Shelby, IN Local Guide
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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. St James Senior Apartments in the University Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $811. Here is today’s list of the most affordable Shelby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $811 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $879 |
Best Value Apartments for Rent in Shelby, IN and Nearby
As of November 17, 2025 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadowlane Apartments | 2BR/ 1BA | 2BR,1BA | $1.08 |
| Fountain View Apartments | 2BR / 1BA | 2BR,1BA | $1.31 |
| Hills of Aberdeen Apartment Homes | One Bedroom | 1BR,1BA | $1.42 |
| St James Senior Apartments | Two Bedroom One Bath | 2BR,1BA | $1.25 |
| Whitcomb Terrace Apartments | Hartford Open | 2BR,1BA | $1.42 |
| Kirby Manor | Two Bedroom | 2BR,1BA | $1.25 |
| Harvest Ridge Apartment Homes | 2X1 | 2BR,1BA | $1.46 |
| 1905 Austin Ave | 2 Bed 1 Bath | 2BR,1BA | $1.46 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.03 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $1.43 |
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Frequently Asked Questions about Shelby
What type of rentals are currently available in Shelby?
There are currently 41 Apartments for Rent in Shelby, IN with pricing that ranges from $800 to $3,285. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby ranging from $700 to $3,400.
What is the current price range for Rental Homes in Shelby?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelby ranges from $700 to $3,400 with an average monthly rent of $1,899.
How much are larger Three and Four Bedroom Rentals in Shelby?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelby range from $1,215 to $3,285, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,907.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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.