
Cheap Homes for Rent in Downtown Shelbyville Neighborhood of Shelbyville, IN from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Shelbyville area of Shelbyville.


129 W Hendricks St

316 E Franklin St

424 S Pike St

617 W Franklin St

229 W Pennsylvania St

741 S Noble St
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 | $1,035 | $975 | $1,095 |
| Downtown Shelbyville 3 Bedroom Homes for Rent | $1,525 | $1,350 | $1,700 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 |
| Loper Commons | One Bedroom Apartment I | 1BR,1BA | $994 |
Best Value Apartments for Rent in Downtown Shelbyville, IN
As of November 14, 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 |
| 1451 W McKay Rd, Unit 1451 W. McKay Rd. Apt | 1451 W McKay Rd | 2BR,1BA | $1.43 |
| 303 W Hendricks St, Unit 309 W Hendrick St | 303 W Hendricks St | 1BR,1BA | $1.50 |
| 246 E Washington St, Unit 5 | 246 E Washington St | 1BR,1BA | $1.50 |
| Loper Commons | One Bedroom Apartment I | 1BR,1BA | $1.74 |
| 137 E Washington St, Unit 205 | 137 E Washington St | Studio ,1BA | $3.20 |
Quick Rent Budget Calculator
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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 Downtown Shelbyville
What type of rentals are currently available in Downtown Shelbyville?
There are currently 36 Apartments for Rent in Downtown Shelbyville, IN with pricing that ranges from $800 to $1,465. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Shelbyville ranging from $695 to $1,700.
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 $695 to $1,700 with an average monthly rent of $1,013.
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.