
Cheap Apartments for Rent in Shelby, MT from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelby.


620 7th St

Vista Villa/River Run

312 Central Ave

1300 6th Ave S
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

232 7th Ave

402 2nd Ave

1544 3rd St

20 18th St S

1401-142B 2b St S
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

803 3rd St NW

2100 4th St NE

4246 5th Ave N

1104 5th St

919 1st Ave SW
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.
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 | $1,504 | $1,300 | $1,699 |
| Shelby 1 Bedroom Apartments | $1,356 | $725 | $1,759 |
| Shelby 2 Bedroom Apartments | $1,763 | $900 | $2,349 |
| Shelby 3 Bedroom Apartments | $2,374 | $2,295 | $2,565 |
Browse Top Apartments in Shelby
See all Apartments in ShelbyExplore Shelby
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 1 Bed unit found at 101 1st Ave priced from $725. Majestic Drive Apartments in the Grant Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,245. Here is today’s list of the most affordable Shelby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 101 1st Ave | 1bd 1ba | 1BR,1BA | $725 |
| Majestic Drive Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1,245 |
| Arc Apartment Homes | Studio | Studio,1BA | $1,549 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR,2BA | $1,650 |
| Grant Creek Village Apartments | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1,940 |
Best Value Apartments for Rent in Shelby, MT and Nearby
As of June 22, 2026 the best value apartment in the Shelby area is the $1.78 price per square foot Liberty A Model at Liberty Estates in the starting from $2,295. The second greatest value Shelby apartment is the 3 Bedrooms, 2 Bathrooms Model at Grant Creek Village Apartments starting at $2,540 with a $2.08 price per square foot in the Grant Creek 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. |
|---|---|---|---|
| Liberty Estates | Liberty A | 3BR,2.5BA | $1.78 |
| Grant Creek Village Apartments | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $2.08 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR,2BA | $1.65 |
| Arc Apartment Homes | Studio | Studio ,1BA | $2.55 |
| 101 1st Ave | 1bd 1ba | 1BR,1BA | $1.21 |
| Majestic Drive Apartments | 1 Bed, 1 Bath | 1BR,1BA | $2.49 |
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 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 $1,549.
How much is rent for a Cheap One Bedroom Shelby Apartment?
The lowest price for a Cheap One Bedroom Shelby Apartment is $725 at 101 1st Ave.
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 $1,650 at 166-218 Jewel Basin Court.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.