Cheap Apartments for Rent near Shepardsville, IN from $300 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shepardsville.

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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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.

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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included

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.

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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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.

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Washington Square
1 to 2 Bedroom Apartments

Washington Square

614 S Washington StCrawfordsville, IN 47933

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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Showing Results 1-48, Page 1 of 1

Shepardsville, IN Local Guide

Cheapest Available Shepardsville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shepardsville, IN is a 2 Beds unit found at River Valley Apartments in the Downtown Terre Haute neighborhood priced from $460. Springhill Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Shepardsville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$460
Springhill ApartmentsEfficiency - 1 PersonStudio,1BA$550
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Arbors at Honey Creek2x22BR,2BA$610
NorthwindThe Hickory1BR,1BA$650
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$662
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
Winston Terrace1BR/1BA1BR,1BA$725

Best Value Apartments for Rent in Shepardsville, IN and Nearby

As of July 27, 2026 the best value apartment in the Shepardsville area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Shepardsville apartment is the 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Shepardsville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes on Main3x2-80%3BR,2BA$0.81
Arbors at Honey Creek2x22BR,2BA$0.57
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$0.50
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
The Annex of Terre Haute2 Bed 1 Bath2BR,1BA$0.77
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.97
Harrison West1 Bedroom1BR,1BA$1.08
Sycamore Place2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shepardsville, IN Rentals by Map

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Frequently Asked Questions about Cheap Shepardsville Apartments

What is the Cheapest Studio apartment in Shepardsville?

Currently the most affordable Cheap Studio Apartment in Shepardsville is at Springhill Apartments listed at $550.

How much is rent for a Cheap One Bedroom Shepardsville Apartment?

The lowest price for a Cheap One Bedroom Shepardsville Apartment is $550 at Union Pointe.

What is the lowest price for a Cheap Two Bedroom Shepardsville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shepardsville is starting from $460 at River Valley Apartments.

What is the most affordable Shepardsville Three Bedroom Apartment?

The best deal on a cheap Shepardsville Three Bedroom Apartment rental is at Arbors at Honey Creek and starts from $706.

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

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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.

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.