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Cheap Apartments for Rent in Shelbyville, IN from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelbyville.
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106 W Broadway St
ShelbyvilleIN46176
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.
108 W Pennsylvania St
ShelbyvilleIN46176
135 W Hendricks St
ShelbyvilleIN46176
617 W Franklin St
ShelbyvilleIN46176
424 S Pike St
ShelbyvilleIN46176
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Rent Specials
$470 - $935Studio to 2 Bedroom Apartments Available Now
LINCOLN PARK APARTMENTS
600 W North StGreenfield, IN 46140
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.
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$750 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
Showing Results 1-11, Page 1 of 1
Shelbyville, IN Local Guide
Shelbyville Commercial Historic District by Nyttend is licensed under CCO 1.0
How much does it cost to rent an apartment in Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Shelbyville Studio Apartments | $1,221 | $645 | $1,374 |
| Cheap Shelbyville 1 Bedroom Apartments | $1,288 | $825 | $2,460 |
| Cheap Shelbyville 2 Bedroom Apartments | $1,511 | $880 | $2,744 |
| Cheap Shelbyville 3 Bedroom Apartments | $1,862 | $1,325 | $4,347 |
Browse Top Apartments in Shelbyville
See all Apartments in ShelbyvilleExplore Shelbyville
Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 07/29/2025Current 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 | $1,375 | $895 | 10 |
Cheapest Available Shelbyville Apartments for Rent
The cheapest available apartment rental in Shelbyville, IN is a 1 Bed unit found at LINCOLN PARK APARTMENTS priced from $470. Hendricks Pointe in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $549. Here is today’s list of the most affordable Shelbyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $470 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $549 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $622 |
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| Loper Commons | One Bedroom Apartment II | 1BR,1BA | $966 |
Best Value Apartments for Rent in Shelbyville, IN
As of July 29, 2025 the best value apartment in the Shelbyville area is the $1.16 price per square foot 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks in the in the Tracy Commons neighborhood starting from $1,489. The second greatest value Shelbyville apartment is the The Longitude 2 BR 2 BA Model at Latitudes Apartments starting at $1,672 with a $1.31 price per square foot in the Southeast Indianapolis neighborhood. 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. |
|---|---|---|---|
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.16 |
| Latitudes Apartments | The Longitude 2 BR 2 BA | 2BR,2BA | $1.31 |
| Keeneland Crest Apartments | Brentwood | 2BR,2BA | $1.36 |
| Overlook at Valley Ridge Apartments | B - Sonoma | 2BR,2BA | $1.34 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.09 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $0.81 |
| Summit Pointe | The Tanzania | 1BR,1BA | $1.39 |
| LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.89 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
| Greenfield Knoll Apartments | 1 Bed/1 Bath Down | 1BR,1BA | $1.40 |
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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-6 (339)
6 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
Getting Around Shelbyville, IN
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,044.
What is the price of a cheap apartment in Shelbyville?
The cheapest apartment in Shelbyville is LINCOLN PARK APARTMENTS which is listed at $470, while the average apartment in Shelbyville costs $1,375.
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 3 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 $467 which is $908 cheaper than the average rent for all rentals in Shelbyville.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.