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Cheap Apartments for Rent in Shelbyville, IN from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelbyville.
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106 W Broadway St
ShelbyvilleIN46176
316 E Franklin St
ShelbyvilleIN46176
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.
617 W Franklin St
ShelbyvilleIN46176
424 S Pike St
ShelbyvilleIN46176
229 W Pennsylvania St
ShelbyvilleIN46176
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$470 - $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
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.
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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 | $1,097 | $645 | $1,360 |
| Cheap Shelbyville 1 Bedroom Apartments | $1,220 | $825 | $1,857 |
| Cheap Shelbyville 2 Bedroom Apartments | $1,464 | $880 | $2,231 |
| Cheap Shelbyville 3 Bedroom Apartments | $1,657 | $1,296 | $2,200 |
Browse Top Apartments in Shelbyville
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Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 11/02/2025Current 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 | $1,379 | $910 | 9 |
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 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
Best Value Apartments for Rent in Shelbyville, IN
As of November 03, 2025 the best value apartment in the Shelbyville area is the $1.05 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,000. The second greatest value Shelbyville apartment is the 2 Bed 2.5 Bath Townhome Model at Yorktowne Farms Community starting at $1,350 with a $1.25 price per square foot in the Tracy Commons 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. |
|---|---|---|---|
| The Links at Franklin | L3-SUN | 3BR,2BA | $1.05 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $1.08 |
| Summit Pointe | The Tanzania | 1BR,1BA | $1.30 |
| LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.89 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
| Keeneland Crest Apartments | Classic | 1BR,1BA | $1.41 |
| Washington Village Apartments | The Colonial | 1BR,1BA | $1.40 |
| Latitudes Apartments | The Sundial 1 BR 1 BA | 1BR,1BA | $1.47 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe 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.
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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-6 (339)
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
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 $1,014.
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 $1,379.
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 $604 which is $775 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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.