
Cheap Homes for Rent in Shelby, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby.


509 E Commercial Ave

287 Washington St

304 N Jackson St

637 Pasadena Ave

6740 W 129th Ave

12435 Ripley Pl

1663 Robin Ln
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 | $1,753 | $1,195 | $3,200 |
Shelby 3 Bedroom Homes for Rent | $2,452 | $1,595 | $3,000 |
Shelby 4 Bedroom Homes for Rent | $2,571 | $1,749 | $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 October 02, 2025 the best value apartment in the Shelby area is the $1.42 price per square foot Three Bedroom 2 Bath Model at Hills of Aberdeen Apartment Homes in the starting from $1,985. The second greatest value Shelby apartment is the 2BR/ 1BA Model at Meadowlane Apartments starting at $1,120 with a $1.08 price per square foot in the Liverpool 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. |
---|---|---|---|
Hills of Aberdeen Apartment Homes | Three Bedroom 2 Bath | 3BR,2BA | $1.42 |
Meadowlane Apartments | 2BR/ 1BA | 2BR,1BA | $1.08 |
Prairie Point Apartments | Devonwood | 2BR,2BA | $1.50 |
Sherwood Lake Apartments | 970 | 2BR,1BA | $1.46 |
St James Senior Apartments | Two Bedroom One Bath | 2BR,1BA | $1.25 |
Whitcomb Terrace Apartments | Hartford Open | 2BR,1BA | $1.42 |
Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.03 |
2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
The Ridge Apartments | Fir | 1BR,1BA | $1.50 |
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 40 Apartments for Rent in Shelby, IN with pricing that ranges from $800 to $3,358. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby ranging from $700 to $3,200.
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 $3,200 with an average monthly rent of $1,869.
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 $3,358, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,749 and Four Bedroom Apartments start at $2,799.
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.

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.

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.