
Cheap Apartments for Rent in the Downtown Shelbyville Neighborhood of Shelbyville, IN from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Shelbyville area of Shelbyville.


Cimarron Place

Charles Major Manor Affordable Senior Housing
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.
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.
Downtown Shelbyville, Shelbyville, IN Local Guide

How much does it cost to rent an apartment in Downtown Shelbyville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Shelbyville 1 Bedroom Apartments | $1,116 | $910 | $1,700 |
Downtown Shelbyville 2 Bedroom Apartments | $1,066 | $850 | $1,155 |
Downtown Shelbyville 3 Bedroom Apartments | $1,422 | $1,379 | $1,465 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Shelbyville Neighborhood of Shelbyville, IN.
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Downtown Shelbyville, Shelbyville, IN Local Guide
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Cheapest Available Downtown Shelbyville Apartments for Rent
 The cheapest available apartment rental in the Downtown Shelbyville area of Shelbyville, IN is a 1 Bed unit found at Hendricks Pointe priced from $549. North Harrison Senior has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Downtown Shelbyville apartments for rent in Shelbyville, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hendricks Pointe | One Bedroom | 1BR,1BA | $549 |
North Harrison Senior | One Bedroom | 1BR,1BA | $830 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $999 |
Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1,153 |
Best Value Apartments for Rent in Downtown Shelbyville, IN
As of September 20, 2025 the best value apartment in the Downtown Shelbyville area is the $1.04 price per square foot Two Bedroom One Bath Model at Martin Estates Apartments in the in the Downtown Shelbyville neighborhood starting from $999. The second greatest value Downtown Shelbyville apartment is the Two Bedroom Model at North Harrison Senior starting at $997 with a $1.08 price per square foot in the Downtown Shelbyville neighborhood. Here is today’s list of the best values for Downtown Shelbyville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
North Harrison Senior | Two Bedroom | 2BR,1BA | $1.08 |
Hendricks Pointe | One Bedroom | 1BR,1BA | $0.64 |
Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1.36 |
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Pet Friendly LifestyleDowntown Shelbyville, Shelbyville, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Shelbyville Neighborhood in Shelbyville, IN
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
58 / 100
Bikeable
Some 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 Downtown Shelbyville Apartments
What is the lowest price for a Cheap Two Bedroom Downtown Shelbyville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Shelbyville is starting from $656 at Hendricks Pointe.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.