328 Progress Rd
ShelbyvilleIN46176
Cheap Apartments for Rent in Shelbyville, IN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelbyville.
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$690 - $2,169Studio to 3 Bedroom Apartments Available Now
The Mill
425 N Harrison StShelbyville, IN 46176
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$7501 Bedroom Apartments Contact Us For Availability
403-407 E Washington St
403-407 E Washington StShelbyville, IN 46176
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$7751 Bedroom Apartments Available Now
324 Progress Rd, Unit A5
324 Progress RdShelbyville, IN 46176
324 Progress Rd
ShelbyvilleIN46176
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$8502 Bedroom Apartments Available Now
330 Progress Rd, Unit B9
330 Progress RdShelbyville, IN 46176
330 Progress Rd
ShelbyvilleIN46176
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.
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$890 - $1,5151 to 3 Bedroom Apartments Available Now
Water Dance Apartments
1700 Morningside DrShelbyville, IN 46176
202 E Taylor St
ShelbyvilleIN46176
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1 to 3 Bedroom Apartments
Hendricks Pointe
415 W Taylor StShelbyville, IN 46176
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1 to 3 Bedroom Apartments
Old Shelby High Apartments
315 2nd StShelbyville, IN 46176
129 W Hendricks St
ShelbyvilleIN46176
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Studio to 4 Bedroom Apartments
Shelby's Crest & Landing
753 Shelbys CrestShelbyville, IN 46176
135 W Hendricks St
ShelbyvilleIN46176
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.
214 W Franklin St
ShelbyvilleIN46176
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1 Bedroom Apartments
523 Miller Ave
523 Miller AveShelbyville, IN 46176
106 W Broadway St
ShelbyvilleIN46176
217 N Hamilton St
ShelbyvilleIN46176
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$479 - $935Studio to 2 Bedroom Apartments Available Now
LINCOLN PARK APARTMENTS
600 W North StGreenfield, IN 46140
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$775 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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Rent Specials
$899 - $1,9491 to 2 Bedroom Apartments Available Now
The Fairways at Valle Vista
610 Paradise CtGreenwood, IN 46143
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
4881 300W
New PalestineIN46163
Showing Results 1-22, Page 1 of 1
Shelbyville, IN Local Guide
How much does it cost to rent an apartment in Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Shelbyville Studio Apartments | $1,206 | $645 | $1,360 |
| Cheap Shelbyville 1 Bedroom Apartments | $1,285 | $479 | $1,868 |
| Cheap Shelbyville 2 Bedroom Apartments | $1,520 | $649 | $2,435 |
| Cheap Shelbyville 3 Bedroom Apartments | $1,798 | $1,390 | $2,418 |
Browse Top Apartments in Shelbyville
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Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
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Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 07/25/2026Current apartment rentals in the Shelbyville, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Shelbyville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Shelbyville | $1,465 | $750 | 7 |
Cheapest Available Shelbyville Apartments for Rent
The cheapest available apartment rental in Shelbyville, IN is a 1 Bed unit found at Hendricks Pointe in the Downtown Shelbyville neighborhood priced from $538. LINCOLN PARK APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Shelbyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hendricks Pointe | One Bedroom | 1BR,1BA | $538 |
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $775 |
| The Fairways at Valle Vista | Birdie | 1BR,1BA | $899 |
Best Value Apartments for Rent in Shelbyville, IN
As of July 25, 2026 the best value apartment in the Shelbyville area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Shelbyville apartment is the 2 Bed/2 Bath Up Model at Greenfield Knoll Apartments starting at $1,329 with a $1.11 price per square foot . Here is today’s list of the best values for Shelbyville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| Greenfield Knoll Apartments | 2 Bed/2 Bath Up | 2BR,2BA | $1.11 |
| Lakes of Windsor | Winchester | 2BR,1BA | $1.39 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| St. Andrews | 1Bd/1Ba Superior Tub | 1BR,1BA | $1.41 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $1.29 |
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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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 Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-5 (405)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shelbyville, IN Rentals by Map
See the most popular apartments and homes in Shelbyville, IN
Frequently Asked Questions about Cheap Shelbyville Apartments
What is a cheap apartment in Shelbyville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelbyville is under $1,030.
What is the price of a cheap apartment in Shelbyville?
The cheapest apartment in Shelbyville is Hendricks Pointe which is listed at $538, while the average apartment in Shelbyville costs $1,465.
What types of apartments are the cheapest in Shelbyville?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Shelbyville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Shelbyville?
Cheap apartments in Shelbyville have an average cost of $246 which is $1,219 cheaper than the average rent for all rentals in Shelbyville.
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.