202 E Taylor St
ShelbyvilleIN46176
Cheap Homes for Rent in Shelbyville, IN from $525 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Shelbyville.
135 W Hendricks St
ShelbyvilleIN46176
129 W Hendricks St
ShelbyvilleIN46176
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$7751 Bedroom Apartments Available Now
324 Progress Rd, Unit A5
324 Progress RdShelbyville, IN 46176
106 W Broadway St
ShelbyvilleIN46176
529 W Taylor St
ShelbyvilleIN46176
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.
321 E Mechanic St
ShelbyvilleIN46176
124 E Taylor St
ShelbyvilleIN46176
4881 300W
New PalestineIN46163
17 E Mechanic St
ShelbyvilleIN46176
1420 E Jefferson St
FranklinIN46131
120 E King St
FranklinIN46131
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.
943 W McKay Rd
ShelbyvilleIN46176
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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 | $1,234 | $850 | $1,600 |
| Shelbyville 3 Bedroom Homes for Rent | $1,755 | $1,289 | $2,150 |
| Shelbyville 4 Bedroom Homes for Rent | $2,826 | $1,950 | $4,950 |
| Shelbyville 5 Bedroom Homes for Rent | $2,491 | $2,279 | $2,600 |
| Shelbyville 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Shelbyville
Explore Shelbyville
Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 08/22/2026Current apartment rentals in the Shelbyville, IN area range in price from $775 to $2,169 with an overall median price of $1,364. 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 | $1,364 | $775 | 117 |
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 |
| North Harrison Senior | Two Bedroom | 2BR,1BA | $747 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $800 |
Best Value Apartments for Rent in Shelbyville, IN
As of August 22, 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/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,509 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 | $1.20 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Greenfield Knoll Apartments | 2 Bed/2 Bath Up | 2BR,2BA | $1.11 |
| Preserve on Blue Road Apartments | 2 Bed/2 Bath Garden | 2BR,2BA | $1.35 |
| 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 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $1.33 |
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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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 $2,295. There are also 40 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 $1,637.
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.