Cheap Homes for Rent in Shelbyville, IL from $500 (19 Rentals)

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Shelbyville, IL Local Guide

Cheapest Available Shelbyville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelbyville, IL is a 2 Beds unit found at Capitol Pointe priced from $400. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Shelbyville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Capitol Pointe2 Beds, 1 bath2BR,1BA$400
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Rider Place1 Bedroom1BR,1BA$500
The Millennium Apartments3 Bedroom3BR,1BA$505

Best Value Apartments for Rent in Shelbyville, IL and Nearby

As of November 15, 2025 the best value apartment in the Shelbyville area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Shelbyville apartment is the Royal Heights 2 Bed w/ Study & 1.5 Bath Model at Royal Heights starting at $835 with a $0.95 price per square foot . Here is today’s list of the best values for Shelbyville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
509 Charleston Ave2 Bed 1 Bath2BR,1BA$0.91
2474 N FlorianUnit 112BR,1.5BA$1.13
Capitol Pointe2 Beds, 1 bath2BR,1BA$0.52
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Timber CoveThe Yawl1BR,1BA$1.08
Arthur Ave Apartments1x11BR,1BA$0.97
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Rider Place1 Bedroom1BR,1BA$0.92

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

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Frequently Asked Questions about Shelbyville

What type of rentals are currently available in Shelbyville?

There are currently 47 Apartments for Rent in Shelbyville, IL with pricing that ranges from $400 to $3,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelbyville ranging from $520 to $2,490.

What is the current price range for Rental Homes in Shelbyville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelbyville ranges from $520 to $2,490 with an average monthly rent of $1,312.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.