
Cheap Homes for Rent in Shelby, MT from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby.


203 7th St

417 14th St N
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

4000 Ella Ave
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.

151 9th Ave N
Shelby, MT 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 | $1,238 | $650 | $1,800 |
| Shelby 3 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
| Shelby 4 Bedroom Homes for Rent | $2,371 | $1,700 | $3,800 |
| Shelby 5 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Top Homes for Rent in Shelby
Explore 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 Vista Villa/River Run priced from $942. 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 |
|---|---|---|---|
| Vista Villa/River Run | Income-Restricted One Bedroom Apartment Home | 1BR,1BA | $942 |
| Majestic Drive Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1,245 |
| Talus Apartment Homes | Dearborn | Studio,1BA | $1,299 |
Best Value Apartments for Rent in Shelby, MT and Nearby
As of May 27, 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 2 Bedrooms, 2 Bathrooms Model at Grant Creek Village Apartments starting at $1,940 with a $1.87 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 | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.87 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR,2BA | $1.65 |
| Aurora Apartment Homes | Studio XL | Studio ,1BA | $2.44 |
| Arc Apartment Homes | Studio | Studio ,1BA | $2.38 |
| Majestic Drive Apartments | 1 Bed, 1 Bath | 1BR,1BA | $2.49 |
| Talus Apartment Homes | Dearborn | Studio ,1BA | $2.71 |
| Vista Villa/River Run | Income-Restricted One Bedroom Apartment Home | 1BR,1BA | $2.09 |
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 Shelby
What type of rentals are currently available in Shelby?
There are currently 25 Apartments for Rent in Shelby, MT with pricing that ranges from $700 to $2,565. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby ranging from $650 to $3,800.
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 $650 to $3,800 with an average monthly rent of $1,680.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.