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$910 - $1,4651 to 3 Bedroom Apartments Contact Us For Availability
Cimarron Place
1713 Cimarron Place DrShelbyville, IN 46176
Cheap Apartments for Rent in the Downtown Shelbyville Neighborhood of Shelbyville, IN from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Shelbyville area of Shelbyville.
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Contact Us For PricingStudio to 1 Bedroom Apartments Contact Us For Availability
Charles Major Manor Affordable Senior Housing
102 E Franklin StShelbyville, IN 46176
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$890 - $1,5151 to 3 Bedroom Apartments Available Now
Water Dance Apartments
1700 Morningside DrShelbyville, IN 46176
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$900
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$900
Total Monthly Price
$900
119 E Polk St, Unit 10
119 E Polk StShelbyville, IN 46176
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1 Bedroom Apartments
641 Main St
641 Main StShelbyville, IN 46176
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1 Bedroom Apartments
157 W Hendricks St
157 W Hendricks StShelbyville, IN 46176
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
North Harrison Senior
111 N Harrison StShelbyville, IN 46176
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1 to 2 Bedroom Apartments
Martin Estates Apartments
2301 Raleigh BlvdShelbyville, IN 46176
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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
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Studio to 4 Bedroom Apartments
Shelby's Crest & Landing
753 Shelbys CrestShelbyville, IN 46176
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1 to 2 Bedroom Apartments
Twin Lakes Apartments
1825 Wichman LnShelbyville, IN 46176
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.
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1 to 2 Bedroom Apartments
Suburban Court Apartments
909 N Knightstown RdShelbyville, IN 46176
Showing Results 1-13, Page 1 of 1
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 Studio Apartments | $1,078 | $1,078 | $1,078 |
| Downtown Shelbyville 1 Bedroom Apartments | $1,160 | $750 | $1,566 |
| Downtown Shelbyville 2 Bedroom Apartments | $1,268 | $649 | $1,878 |
| Downtown Shelbyville 3 Bedroom Apartments | $1,640 | $1,390 | $1,882 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Shelbyville Neighborhood of Shelbyville, IN.
See all Apartments in ShelbyvilleExplore Shelbyville
Downtown Shelbyville, Shelbyville, IN Local Guide
- Nearby Shelbyville neighborhoods
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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 $538. North Harrison Senior has the second lowest priced unit, which is a 2 Beds apartment currently listed from $997. 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 | $538 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $997 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $999 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1,095 |
| Eight37 Lofts | 1D 60% | 1BR,1BA | $1,139 |
Best Value Apartments for Rent in Downtown Shelbyville, IN
As of July 15, 2026 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 Shelby County neighborhood starting from $999. The second greatest value Downtown Shelbyville apartment is the One Bedroom Model at Hendricks Pointe starting at $538 with a $0.62 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 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Loper Commons | Two Bedroom Apartment I | 2BR,1BA | $1.47 |
| The Mill | Walker | 1BR,1BA | $1.99 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Eight37 Lofts | 1D 60% | 1BR,1BA | $1.55 |
| 119 E Polk St, Unit 10 | 119 E Polk St | 1BR,1BA | $1.50 |
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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How much rent can you afford?
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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Pet Friendly LifestyleDowntown Shelbyville, Shelbyville, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Shelbyville Apartments
What is the price of a cheap apartment in Downtown Shelbyville?
The cheapest apartment in Downtown Shelbyville is Hendricks Pointe which is listed at $538, while the average apartment in Downtown Shelbyville costs $1,499.
What types of apartments are the cheapest in Downtown 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 Downtown 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 Downtown Shelbyville?
Cheap apartments in Downtown Shelbyville have an average cost of $324 which is $1,175 cheaper than the average rent for all rentals in Downtown 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.