What is the average rent of an apartment in Shelbyville, IN?

The average rent of an apartment in Shelbyville, IN is $1,167 per month. This is about 40% lower than the national average.

When is the average rent cheapest in Shelbyville, IN?

In the last year, the average rent in Shelbyville, IN was lowest in Jun 2025 when it was $750 per month.

In the last year, the average rent in Shelbyville, IN was highest in Apr 2025 when it was $958 per month.

The average rent of a 1 bedroom apartment in Shelbyville, IN is $848 per month. That is about $36 less than the cost of a studio apartment.

There are 8 available apartments or condos to rent in Shelbyville, IN.

Shelbyville, IN includes zip codes such as: 46176 .

Some nearby cities include: Waldron , Boggstown , Fairland , Manilla , Needham . These cities may have more rental options to explore.

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PET FRIENDLY
$1,381 - $1,882/mo
2-3 Beds
2 Baths
The Mill | 425 N Harrison St #1-405,
Shelbyville, IN 46176
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SPECIAL OFFER
$930 - $1,515/mo
1-3 Beds
1-2 Baths
Cimarron Place Apartments | 1713 Cimarron Place Dr #91e22dbf2,
Shelbyville, IN 46176
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SPECIAL OFFER
$920 - $1,480/mo
1-3 Beds
1-2 Baths
Water Dance Apartments | 1700 Morningside Dr #6b612410f,
Shelbyville, IN 46176
$1,500/mo
2 Beds
2 Baths
1503 Wichman Ln,
Shelbyville, IN 46176
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$800/mo
1 Bed
1 Bath
48 E Mechanic St #4,
Shelbyville, IN 46176
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PET FRIENDLY
$750/mo
1 Bed
1 Bath
651 sqft
133 W Hendricks St #2,
Shelbyville, IN 46176
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$1,150/mo
2 Beds
2 Baths
317 E Washington St #3,
Shelbyville, IN 46176
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Apartments For Rent Near Shelbyville, IN

Rent in Shelbyville, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.

View as a graph

In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	$800	$1,136	$1,562	$1,949	$1,297
Townhomes	$950	—	—	—	$950
Apartments and Condos	$775	$1,150	$1,500	—	$1,150
Houses	—	$899	$1,695	$1,949	$1,562

What is the average rent of an apartment in Shelbyville, IN?
The average rent of an apartment in Shelbyville, IN is $1,167 per month. This is about 40% lower than the national average.
When is the average rent cheapest in Shelbyville, IN?
In the last year, the average rent in Shelbyville, IN was lowest in Jun 2025 when it was $750 per month.
When is the average rent most expensive in Shelbyville, IN?
In the last year, the average rent in Shelbyville, IN was highest in Apr 2025 when it was $958 per month.
How does the rent of a 1 bedroom apartment compare to a studio apartment in Shelbyville, IN?
The average rent of a 1 bedroom apartment in Shelbyville, IN is $848 per month. That is about $36 less than the cost of a studio apartment.
How many apartments or condos are available to rent in Shelbyville, IN?
There are 8 available apartments or condos to rent in Shelbyville, IN.
What are some zip codes in Shelbyville, IN?
Shelbyville, IN includes zip codes such as: 46176.
What are some cities near Shelbyville, IN?
Some nearby cities include: Waldron, Boggstown, Fairland, Manilla, Needham. These cities may have more rental options to explore.