Cheap Apartments for Rent in Shepardsville, IN from $300 (49 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 509 S 5th St

509 S 5th St

ClintonIN47842

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Shepardsville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Lakewood ApartmentsStudioStudio,1BA$500
BrookhavenStudioStudio,1BA$525
Sullivan Downtown Townhomes3 Bed 2.5 Bath Duplex3BR,2BA$534
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - StudioStudio,1BA$699
Ashton Apartments1BR/1.5BA1BR,1BA$700
The Grove1 Bed 1 Bath1BR,1BA$726

Best Value Apartments for Rent in Shepardsville, IN and Nearby

As of July 31, 2025 the best value apartment in the Shepardsville area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. 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.
Sullivan Downtown TownhomesSingle Family Home3BR,2.5BA$1.16
Arbors at Honey Creek2x22BR,2BA$0.57
202 E Crockett2 Bedroom2BR,1BA$1.05
Park Place1639, 3 bed3BR,1BA$1.15
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
The Annex of Terre Haute2 bed 2 Bath A2BR,2BA$0.71
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.88
The Grove1 Bed 1 Bath1BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

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Remember the 3 Rules of Real Estate:
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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 Lakewood Apartments listed at $500.

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 $417 at Historic Walnut Square.

What is the most affordable Shepardsville Three Bedroom Apartment?

The best deal on a cheap Shepardsville Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.