
Cheap Apartments for Rent in Shelby, MT from $725 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelby.


101 1st Ave

620 7th St

1106 5th Ave N

312 Central Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Vista Villa/River Run

1004 2nd Ave N

802 30th St N

205 11th St S

20 18th St S
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

601 5th Ave S

121 7th Ave SE

526 2nd Ave N

1501 13th Ave SW

211 Bank St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

512 2nd Ave N
Shelby, MT Local Guide

How much does it cost to rent an apartment in Shelby?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby Studio Apartments | $1,519 | $1,319 | $2,500 |
| Shelby 1 Bedroom Apartments | $1,696 | $725 | $2,800 |
| Shelby 2 Bedroom Apartments | $1,858 | $900 | $2,349 |
| Shelby 3 Bedroom Apartments | $2,300 | $1,950 | $2,490 |
| Shelby 4 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
Browse Top Apartments in Shelby
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Shelby, MT Local Guide
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Cheapest Available Shelby Apartments for Rent and Nearby
 The cheapest available apartment rental in Shelby, MT is a 2 Beds unit found at 620 7th St priced from $900. Arc Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,399. Here is today’s list of the most affordable Shelby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 620 7th St | 2BR 1BA | 2BR, 1BA | $900 |
| Arc Apartment Homes | Studio XL | Studio, 1BA | $1,399 |
| Grant Creek Village Apartments | 1 Bedroom, 1 Bathroom | 1BR, 1BA | $1,490 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR, 2BA | $1,650 |
| Aurora Apartment Homes | Studio XL | Studio, 1BA | $1,749 |
Best Value Apartments for Rent in Shelby, MT and Nearby
As of September 22, 2026 the best value apartment in the Shelby area is the $1.78 price per square foot Liberty A Model at Liberty Estates starting from $2,295. The second greatest value Shelby apartment is the 2 BR 2 BA Model at 166-218 Jewel Basin Court starting at $1,650 with a $1.65 price per square foot. 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. |
|---|---|---|---|
| Liberty Estates | Liberty A | 3BR, 2.5BA | $1.78 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR, 2BA | $1.65 |
| Talus Apartment Homes | Missouri | 2BR, 1BA | $1.86 |
| 624 27th St N, Unit 624 | 624 27th St N | 2BR, 1BA | $2.61 |
| Grant Creek Village Apartments | 1 Bedroom, 1 Bathroom | 1BR, 1BA | $1.95 |
| 620 7th St | 2BR 1BA | 2BR, 1BA | $1.32 |
| Aurora Apartment Homes | Studio XL | Studio, 1BA | $2.76 |
| Arc Apartment Homes | Studio XL | Studio, 1BA | $2.30 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Shelby, MT
Shelby Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shelby, MT Rentals by Map
See the most popular apartments and homes in Shelby, MT
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 Arc Apartment Homes listed at $1,399.
How much is rent for a Cheap One Bedroom Shelby Apartment?
The lowest price for a Cheap One Bedroom Shelby Apartment is $1,490 at Grant Creek Village Apartments.
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 $900 at 620 7th St.
What is the most affordable Shelby Three Bedroom Apartment?
The best deal on a cheap Shelby Three Bedroom Apartment rental is at Liberty Estates and starts from $2,295.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.