
Cheap Homes for Rent near Shelby, MT from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Shelby.


232 7th Ave

1110 2nd Ave S

114 1st Ave S

1401-142B 2b St S
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.

4000 Ella Ave

3524 11th Ave S

517 13th St S

919 1st Ave SW

114 7th 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.

1300 14th Ave S
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 | $1,361 | $800 | $2,200 |
| Shelby 3 Bedroom Homes for Rent | $2,053 | $1,350 | $2,525 |
| Shelby 4 Bedroom Homes for Rent | $2,950 | $2,200 | $3,800 |
| Shelby 5 Bedroom Homes for Rent | $2,166 | $2,000 | $2,500 |
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 101 1st Ave priced from $725. 620 7th St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. 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 |
| 620 7th St | 2BR 1BA | 2BR,1BA | $900 |
| The Highline Apartments | Quartz | 1BR,1BA | $1,628 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR,2BA | $1,650 |
| Arc Apartment Homes | Studio | Studio,1BA | $1,749 |
Best Value Apartments for Rent in Shelby, MT and Nearby
As of July 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 $2,415 with a $1.96 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 | $1.96 |
| 166-218 Jewel Basin Court | 2 BR 2 BA | 2BR,2BA | $1.65 |
| Arc Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $3.77 |
| 620 7th St | 2BR 1BA | 2BR,1BA | $1.32 |
| 101 1st Ave | 1bd 1ba | 1BR,1BA | $1.21 |
| The Highline Apartments | Quartz | 1BR,1BA | $3.04 |
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 26 Apartments for Rent in Shelby, MT with pricing that ranges from $725 to $2,749. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby ranging from $700 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 $700 to $3,800 with an average monthly rent of $1,706.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.