116.5 Montgomery St
ShelbyvilleIN46176
Cheap Homes for Rent in Shelbyville, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Shelbyville.
316 E Franklin St
ShelbyvilleIN46176
106 W Broadway St
ShelbyvilleIN46176
202 E Taylor St
ShelbyvilleIN46176
529 West Washington St
ShelbyvilleIN46176
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.
617 W Franklin St
ShelbyvilleIN46176
424 S Pike St
ShelbyvilleIN46176
229 W Pennsylvania St
ShelbyvilleIN46176
217 N Hamilton St
ShelbyvilleIN46176
2950 W U.S. 52
New PalestineIN46163
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Showing Results 1-10, Page 1 of 1
Shelbyville, IN Local Guide
Shelbyville Commercial Historic District by Nyttend is licensed under CCO 1.0
How much does it cost to rent a home in Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelbyville 2 Bedroom Homes for Rent | $1,123 | $850 | $1,595 |
| Shelbyville 3 Bedroom Homes for Rent | $1,740 | $1,297 | $2,500 |
| Shelbyville 4 Bedroom Homes for Rent | $2,108 | $1,595 | $2,375 |
| Shelbyville 5 Bedroom Homes for Rent | $2,366 | $2,200 | $2,500 |
Browse Top Homes for Rent in Shelbyville
Explore Shelbyville
Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 12/24/2025Current apartment rentals in the Shelbyville, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Shelbyville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Shelbyville | $1,379 | $750 | 28 |
Cheapest Available Shelbyville Apartments for Rent
The cheapest available apartment rental in Shelbyville, IN is a 1 Bed unit found at LINCOLN PARK APARTMENTS priced from $470. Hendricks Pointe in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $538. Here is today’s list of the most affordable Shelbyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $470 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $538 |
| 403 E Washington St | 1BR/1.0BA | 1BR,1BA | $750 |
Best Value Apartments for Rent in Shelbyville, IN
As of December 24, 2025 the best value apartment in the Shelbyville area is the $1.18 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,899. The second greatest value Shelbyville apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,499 with a $1.17 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Shelbyville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.18 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Greenfield Knoll Apartments | 2 Bed/ 1.5 Bath TH | 2BR,1.5BA | $1.25 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.89 |
| Hendricks Pointe | One Bedroom | 1BR,1BA | $0.62 |
| Summit Pointe | The Columbus | 1BR,1BA | $1.22 |
| Washington Village Apartments | The Colonial | 1BR,1BA | $1.24 |
| 403 E Washington St | 1BR/1.0BA | 1BR,1BA | $1.25 |
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.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-6 (339)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shelbyville, IN Rentals by Map
See the most popular apartments and homes in Shelbyville, IN
Frequently Asked Questions about Shelbyville
What type of rentals are currently available in Shelbyville?
There are currently 69 Apartments for Rent in Shelbyville, IN with pricing that ranges from $645 to $2,610. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelbyville ranging from $595 to $2,500.
What is the current price range for Rental Homes in Shelbyville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelbyville ranges from $595 to $2,500 with an average monthly rent of $1,495.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.