202 E Taylor 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.
106 W Pennsylvania St
ShelbyvilleIN46176
392 W Broadway St
ShelbyvilleIN46176
108 W Pennsylvania St
ShelbyvilleIN46176
529 West Washington 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.
316 E Franklin St
ShelbyvilleIN46176
216 Progress Rd
ShelbyvilleIN46176
106 W Broadway St
ShelbyvilleIN46176
48 E Mechanic St
ShelbyvilleIN46176
4881 300W
New PalestineIN46163
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.
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 | $1,117 | $695 | $1,700 |
| Shelbyville 3 Bedroom Homes for Rent | $1,742 | $1,297 | $2,030 |
| Shelbyville 4 Bedroom Homes for Rent | $2,770 | $1,899 | $4,950 |
| Shelbyville 5 Bedroom Homes for Rent | $2,650 | $2,600 | $2,700 |
| Shelbyville 6 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Top Homes for Rent in Shelbyville
Explore Shelbyville
Shelbyville, IN Local Guide
- Shelbyville Neighborhoods
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Cheapest Neighborhoods for Apartments in Shelbyville, IN
Pricing Updated: 05/23/2026Current 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 | $1,465 | $690 | 6 |
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 May 24, 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 $1,349 with a $1.05 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 | $1.05 |
| Lakes of Windsor | Churchill | 2BR,2BA | $1.39 |
| Keeneland Crest Apartments | Hartford | 2BR,1BA | $1.41 |
| 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 |
| Martin Estates Apartments | One Bedroom One Bath | 1BR,1BA | $1.36 |
| 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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
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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Best Local Schools in Shelbyville, IN
Southwestern Elementary School
Southwestern Con Sch Shelby County
Public School - Grades PK-5 (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 66 Apartments for Rent in Shelbyville, IN with pricing that ranges from $479 to $2,623. 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 $1,796.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.