
Cheap Apartments for Rent near Shelly, MN from $495 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelly.


Ridgewood Apartments

Southern Manor Apartments

Landmark Estates

Valley Park Apartments

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Broadway Apartments

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Fisher Townhomes
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.

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Valley Pines Apartments

Greenfield Apartments

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Prairieland Duplexes

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Agassiz Townhomes

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Greentree Square II

Southwind Apartments

Pembrooke Apartments
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.

701 4th St N

Halstad Community Homes

2506 8th St N

717 30th St N

1121 2nd Ave S

376 4th St E

32 10th Ave N
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Nimens Espegard Apartments

1117 2nd Ave S

701 Lily Ln

Crookston Townhomes

The Meadows

1235-11 1/2 11 1/2 St N

202 35th Ave N
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.
Shelly, MN Local Guide

How much does it cost to rent an apartment in Shelly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelly Studio Apartments | $902 | $495 | $1,375 |
| Shelly 1 Bedroom Apartments | $1,128 | $695 | $1,630 |
| Shelly 2 Bedroom Apartments | $1,384 | $700 | $1,900 |
| Shelly 3 Bedroom Apartments | $1,487 | $940 | $2,410 |
| Shelly 4 Bedroom Apartments | $1,260 | $1,260 | $1,260 |
Browse Top Apartments in Shelly
See all Apartments in ShellyExplore Shelly
Shelly, MN Local Guide
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Cheapest Available Shelly Apartments for Rent and Nearby
 The cheapest available apartment rental in Shelly, MN is a 1 Bed unit found at Broadway Apartments priced from $803. Prairieland Duplexes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $910. Here is today’s list of the most affordable Shelly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Broadway Apartments | 1 bedroom 1 bath | 1BR, 1BA | $803 |
| Prairieland Duplexes | 2 bedroom Duplex | 2BR, 1BA | $910 |
| Ridgewood Apartments | 2 Bedroom, 2 Bathroom | 2BR, 2BA | $995 |
| Greentree Square II | 1 bedroom 1 bath | 1BR, 1BA | $1,019 |
| Stonewood Apartments | 3 Bedroom 1530 sq. ft. | 3BR, 2BA | $1,325 |
| The Legacy Apartments | B2 | 2BR, 2BA | $1,405 |
| Ashland Apartment Homes | C1 | 3BR, 2BA | $1,535 |
| Southpoint Apartments | B1 | 2BR, 2BA | $1,565 |
| Aspen Lofts | Unit C | 2BR, 2BA | $1,680 |
| Latitude Apartments | 2A | 2BR, 2BA | $1,690 |
Best Value Apartments for Rent in Shelly, MN and Nearby
As of September 20, 2026 the best value apartment in the Shelly area is the $1.00 price per square foot Duplex A Model at Pembrooke Apartments starting from $2,000. The second greatest value Shelly apartment is the 3 Bedroom 1700 sq. ft. Model at Stonewood Apartments starting at $1,550 with a $0.91 price per square foot. Here is today’s list of the best values for Shelly apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pembrooke Apartments | Duplex A | 3BR, 3BA | $1.00 |
| Stonewood Apartments | 3 Bedroom 1700 sq. ft. | 3BR, 2BA | $0.91 |
| Cottage Grove | 3A | 3BR, 2BA | $1.27 |
| Cardinal Point Apartments | B3 | 2BR, 2BA | $1.40 |
| Aspen Lofts | Unit C | 2BR, 2BA | $1.41 |
| Ashland Apartment Homes | C1 | 3BR, 2BA | $1.33 |
| The Legacy Apartments | B2 | 2BR, 2BA | $1.40 |
| Prairieland Duplexes | 2 bedroom Duplex | 2BR, 1BA | $1.14 |
| Greentree Square II | 1 bedroom 1 bath | 1BR, 1BA | $1.45 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR, 1BA | $1.15 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shelly, MN Rentals by Map
See the most popular apartments and homes in Shelly, MN
Frequently Asked Questions about Cheap Shelly Apartments
What is the lowest price for a Cheap Two Bedroom Shelly Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shelly is starting from $905 at Broadway Apartments.
What is the most affordable Shelly Three Bedroom Apartment?
The best deal on a cheap Shelly Three Bedroom Apartment rental is at Stonewood Apartments and starts from $1,325.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.