Cheap Homes for Rent in Shelby, IN from $700 (8 Rentals)

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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. 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 ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$811
Madison Cottage of Rensselaer1x11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hills of Aberdeen Apartment HomesThree Bedroom 2 Bath3BR,2BA$1.42
Meadowlane Apartments2BR/ 1BA2BR,1BA$1.08
Prairie Point ApartmentsDevonwood2BR,2BA$1.50
Sherwood Lake Apartments9702BR,1BA$1.46
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.25
Whitcomb Terrace ApartmentsHartford Open2BR,1BA$1.42
Madison Cottage of Rensselaer1x11BR,1BA$1.03
2100 N Main St1 Bed 1 Bath1BR,1BA$1.50
The Ridge ApartmentsFir1BR,1BA$1.50
Birchwood ApartmentsOne Bedroom1BR,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.

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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! 

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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.

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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.

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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.