Cheap Apartments for Rent in Shelby, NE from $500 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
property at 208 E 5th St

$600 - $995

Studio To 2 Bedroom Rentals

Available Now

208 E 5th St

YorkNE68467
close
View Me
Lakeview Park
Studio to 3 Bedroom Apartments

Lakeview Park

510 Surfside DrLincoln, NE 68528
Corporate Housing

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
LINQ Portfolio
2 Bedroom Apartments

LINQ Portfolio

535 W Saunders AveLincoln, NE 68521
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
The Grand Manse
Studio to 5 Bedroom Apartments

The Grand Manse

129 N 10th StLincoln, NE 68508
  • Utilities Included
Showing Results 1-42, Page 1 of 1

Shelby, NE Local Guide

Cheapest Available Shelby Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelby, NE is a 4 Beds unit found at LivRed in the Haymarket neighborhood priced from $685. Latitude Lincoln in the Haymarket neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $695. Here is today’s list of the most affordable Shelby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LivRedD2 - 4x44BR,4BA$685
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$695
Lakeview ParkCarter LakeStudio,1BA$879
Union at Middle Creek1BD1BR,1BA$899
Parkview Apartments1 Bed, 1 Bath1BR,1BA$899
Highland View ApartmentsBonsaiStudio,1BA$910
Meadow WoodA1 - Cottonwood1BR,1BA$911
Heartland Flats LincolnAspenStudio,1BA$931
Fountain GlenButlerStudio,1BA$935
Folsom RidgeOne Bedroom1BR,1BA$960

Best Value Apartments for Rent in Shelby, NE and Nearby

As of April 12, 2026 the best value apartment in the Shelby area is the $1.33 price per square foot C1R Model at Lakeside Village Apartment Homes in the in the West A neighborhood starting from $1,855. The second greatest value Shelby apartment is the Harbor Model at Northbrook Apartments starting at $1,655 with a $1.26 price per square foot in the Belmont 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.
Lakeside Village Apartment HomesC1R3BR,2BA$1.33
Northbrook ApartmentsHarbor2BR,2BA$1.26
Marshall Apartments3 Bedroom, 1 Bathroom - 1259 SF3BR,1BA$1.08
LivRedD2 - 4x44BR,4BA$0.55
Cottonwood Creek Apartments3 Bedroom3BR,2BA$1.24
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
The Quarters LincolnC - 3x33BR,3BA$0.64
Ridgeland Park Apartments in YorkYork2BR,1BA$1.28
Waterbrook Apartments1 Bedroom Brook/Stream1BR,1BA$1.30
Meadow WoodA1 - Cottonwood1BR,1BA$1.23

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shelby, NE Rentals by Map

Decorative image of map

See the most popular apartments and homes in Shelby, NE

View Map
Shelby, NE Apartments Map
View Map
Shelby, NE Rental Homes Map

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 Lakeview Park listed at $879.

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

The lowest price for a Cheap One Bedroom Shelby Apartment is $899 at Parkview 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 $973 at Meadow Wood.

What is the most affordable Shelby Three Bedroom Apartment?

The best deal on a cheap Shelby Three Bedroom Apartment rental is at Union at Middle Creek and starts from $1,349.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.