135 W Hendricks St
ShelbyvilleIN46176
Cheap Apartments for Rent in the Downtown Shelbyville Neighborhood of Shelbyville, IN from $538 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Shelbyville area of 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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$7751 Bedroom Apartments Available Now
324 Progress Rd, Unit A5
324 Progress RdShelbyville, IN 46176
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$800
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
Base Rent
$800
Total Monthly Price
$800
137 E Washington St, Unit 205
137 E Washington 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
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$900
Total Monthly Price
$900
808 W Washington St, Unit 2
808 W Washington StShelbyville, IN 46176
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$900
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$900
Total Monthly Price
$900
246 E Washington St, Unit 5
246 E Washington StShelbyville, IN 46176
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.
24 Elliott St
ShelbyvilleIN46176
329 W Locust 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
316 E Franklin St
ShelbyvilleIN46176
129 W Hendricks St
ShelbyvilleIN46176
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Studio to 4 Bedroom Apartments
Shelby's Crest & Landing
753 Shelbys CrestShelbyville, IN 46176
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.
202 E Taylor St
ShelbyvilleIN46176
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1 to 2 Bedroom Apartments
North Harrison Senior
111 N Harrison StShelbyville, IN 46176
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1 Bedroom Apartments
403-407 E Washington St
403-407 E Washington StShelbyville, IN 46176
106 W Broadway St
ShelbyvilleIN46176
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1 Bedroom Apartments
523 Miller Ave
523 Miller AveShelbyville, IN 46176
321 E Mechanic St
ShelbyvilleIN46176
529 W Taylor St
ShelbyvilleIN46176
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.
124 E Taylor St
ShelbyvilleIN46176
Showing Results 1-22, 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 | $939 | $800 | $1,078 |
| Downtown Shelbyville 1 Bedroom Apartments | $1,136 | $675 | $1,566 |
| Downtown Shelbyville 2 Bedroom Apartments | $1,330 | $900 | $1,878 |
| Downtown Shelbyville 3 Bedroom Apartments | $1,528 | $1,286 | $2,169 |
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 22 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. The Mill has the second lowest priced unit, which is a Studio apartment currently listed from $690. 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 |
| The Mill | Pemberton | Studio,1BA | $690 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $747 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $800 |
| Eight37 Lofts | The Crossroads 50% | 1BR,1BA | $932 |
Best Value Apartments for Rent in Downtown Shelbyville, IN
As of August 30, 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 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Eight37 Lofts | The Crossroads 60% | 1BR,1BA | $1.55 |
| The Mill | Robinson | 1BR,1BA | $1.93 |
| 808 W Washington St, Unit 2 | 808 W Washington St | 1BR,1BA | $1.38 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $1.33 |
| 246 E Washington St, Unit 5 | 246 E Washington 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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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
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 $1,361.
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 5 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 $170 which is $1,191 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
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.