Cheap Apartments for Rent in Shelby, NC from $500 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shelby.

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.

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Chamberlain Pines
Studio to 3 Bedroom Apartments

Chamberlain Pines

1121-1126 Scottsdale DrShelby, NC 28150

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.

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property at 304 Palm St

$850

2 Bedroom Rentals

Available Now

304 Palm St

ShelbyNC28150

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.

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Shelby, NC Local Guide

Cheapest Neighborhoods for Apartments in Shelby, NC

Pricing Updated: 06/12/2026

Current apartment rentals in the Shelby, NC area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Shelby Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Uptown Shelby$1,450$89518

Cheapest Available Shelby Apartments for Rent

 

The cheapest available apartment rental in Shelby, NC is a 1 Bed unit found at Chamberlain Pines in the Uptown Shelby neighborhood priced from $825. College Road Apartments in the Uptown Shelby neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Shelby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chamberlain Pines1BR/1.0BA1BR,1BA$825
College Road Apartments2BR/1.0BA2BR,1BA$850
Marion RidgeWillow OakStudio,1BA$870
The Madison by Humboldt1BR/1.0BA1BR,1BA$895
The Pointe on LafayetteOne Month Free + $50 App Fee Refunded at The Po...1BR,1BA$925

Best Value Apartments for Rent in Shelby, NC

As of June 12, 2026 the best value apartment in the Shelby area is the $1.29 price per square foot 2 Story Townhome Model at Northway at Windsor in the in the Uptown Shelby neighborhood starting from $1,350. The second greatest value Shelby apartment is the 2BR/1.5BA Model at Northway at Sedgefield starting at $1,295 with a $1.24 price per square foot in the Uptown Shelby 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.
Northway at Windsor2 Story Townhome2BR,1.5BA$1.29
Northway at Sedgefield2BR/1.5BA2BR,1.5BA$1.24
Chamberlain Oaks Apartments2BR/1.0BA2BR,1BA$1.01
Palisades at Hickory CreekSilverbell1BR,1BA$1.43
Caitlin StationTwo Bedroom2BR,1BA$1.10
Washington Square Apartments2 Beds, 1 bath2BR,1BA$1.24
The Pointe on LafayetteOne Month Free + $50 App Fee Refunded at The Po...1BR,1BA$1.16
College Road Apartments2BR/1.0BA2BR,1BA$1.21
Chamberlain Pines1BR/1.0BA1BR,1BA$1.31
The Madison by Humboldt1BR/1.0BA1BR,1BA$1.43

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.

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Real 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.

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Quick 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.

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Best Local Schools in
Shelby, NC

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Shelby Apartments

How much is rent for a Cheap One Bedroom Shelby Apartment?

The lowest price for a Cheap One Bedroom Shelby Apartment is $825 at Chamberlain Pines.

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 $850 at College Road Apartments.

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

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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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.