202 E Taylor St
ShelbyvilleIN46176
Cheap Homes for Rent in the Downtown Shelbyville Neighborhood of Shelbyville, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Shelbyville area of Shelbyville.
392 W Broadway St
ShelbyvilleIN46176
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$6492 Bedroom Apartments Available Now
328 Progress Rd, Unit B22
328 Progress RdShelbyville, IN 46176
529 West Washington St
ShelbyvilleIN46176
316 E Franklin St
ShelbyvilleIN46176
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.
135 W Hendricks St
ShelbyvilleIN46176
227 W Pennsylvania St
ShelbyvilleIN46176
106 W Broadway St
ShelbyvilleIN46176
321 E Mechanic St
ShelbyvilleIN46176
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$8502 Bedroom Apartments Available Now
330 Progress Rd, Unit B9
330 Progress RdShelbyville, 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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Downtown Shelbyville, Shelbyville, IN Local Guide
How much does it cost to rent a home in Downtown Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Shelbyville 2 Bedroom Homes for Rent | $1,060 | $925 | $1,195 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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
- 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 |
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 Downtown Shelbyville
What type of rentals are currently available in Downtown Shelbyville?
There are currently 33 Apartments for Rent in Downtown Shelbyville, IN with pricing that ranges from $649 to $1,882. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Shelbyville ranging from $525 to $1,195.
What is the current price range for Rental Homes in Downtown Shelbyville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Shelbyville ranges from $525 to $1,195 with an average monthly rent of $878.
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.