202 E Taylor St
ShelbyvilleIN46176
Cheap Homes for Rent in Shelbyville, IN from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Shelbyville.
392 W Broadway St
ShelbyvilleIN46176
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
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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Shelbyville, IN Local Guide
How much does it cost to rent a home in Shelbyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelbyville 2 Bedroom Homes for Rent | $1,159 | $925 | $1,600 |
| Shelbyville 3 Bedroom Homes for Rent | $1,986 | $1,450 | $2,395 |
| Shelbyville 4 Bedroom Homes for Rent | $2,829 | $1,750 | $4,950 |
| Shelbyville 5 Bedroom Homes for Rent | $2,544 | $2,349 | $2,695 |
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Shelbyville, IN Local Guide
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Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 07/07/2026Current 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 | $1,050 | $525 | 9 |
Cheapest Available Shelbyville Apartments for Rent
The cheapest available apartment rental in Shelbyville, IN is a 1 Bed unit found at Hendricks Pointe in the Downtown Shelbyville neighborhood priced from $538. LINCOLN PARK APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Shelbyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hendricks Pointe | One Bedroom | 1BR,1BA | $538 |
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
Best Value Apartments for Rent in Shelbyville, IN
As of July 08, 2026 the best value apartment in the Shelbyville area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Shelbyville apartment is the 2 Bed/ 1.5 Bath TH Model at Greenfield Knoll Apartments starting at $1,199 with a $1.11 price per square foot . 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 | $1.20 |
| Greenfield Knoll Apartments | 2 Bed/ 1.5 Bath TH | 2BR,1.5BA | $1.11 |
| Lakes of Windsor | Winchester | 2BR,1BA | $1.39 |
| Latitudes Apartments | The Pendulum 2 BR 2 BA | 2BR,2BA | $1.42 |
| 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 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| North Harrison Senior | One Bedroom | 1BR,1BA | $1.33 |
| Yorktowne Farms Community | 1 Bed 1 Bath | 1BR,1BA | $1.43 |
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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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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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-5 (405)
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 67 Apartments for Rent in Shelbyville, IN with pricing that ranges from $479 to $2,407. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelbyville ranging from $525 to $4,950.
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 $525 to $4,950 with an average monthly rent of $1,875.
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.