Rentometer, Inc. | Data as of 10/22/2025
Shelbyville, Indiana offers a vibrant rental market that balances historic charm with modern convenience. Prospective renters will find a diverse mix of apartments and single‑family homes across the city’s well‑known neighborhoods, from the bustling downtown district near the Shelby County Courthouse to the leafy streets of the West Side historic district. The area’s strong community feel, proximity to parks like Tanyard Creek, and easy access to major roadways make it an attractive choice for professionals, families, and students alike.
Apartment seekers can expect one‑bedroom units to rent in the $950s, while two‑ and three‑bedroom apartments typically fall within the $1,100 and $1,300 ranges, respectively. Those preferring a house will often find one‑bedroom rentals in the $700s, with two‑bedroom homes averaging around $1,000. Larger family homes, especially four‑plus bedroom properties, commonly exceed the $2,000 range, reflecting the space and amenities they provide. These price trends highlight Shelbyville’s competitive rates compared to larger metropolitan areas, offering good value for a variety of lifestyles.
Beyond affordability, Shelbyville’s rental market benefits from a range of local amenities, including the historic Shelbyville Riverwalk, a thriving arts scene, and a selection of restaurants and boutiques that cater to diverse tastes. Whether you’re drawn to the convenience of downtown living or the quieter charm of suburban neighborhoods, the city’s rental options deliver flexibility, comfort, and a welcoming community atmosphere.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $961 | $965 | $772 - $1,158 | $888 - $1,010 |
| Apartment | 2 Bedroom | $1,160 | $1,120 | $1,044 - $1,390 | $1,090 - $1,190 |
| Apartment | 3 Bedroom | $1,362 | $1,347 | $1,345 - $1,415 | $1,347 - $1,357 |
| House | 1 Bedroom | $756 | $750 | $625 - $900 | $725 - $900 |
| House | 2 Bedroom | $986 | $995 | $749 - $1,200 | $975 - $1,025 |
| House | 3 Bedroom | $1,690 | $1,710 | $1,100 - $2,500 | $1,595 - $1,815 |
| House | 4+ Bedroom | $1,962 | $1,990 | $1,495 - $2,495 | $1,750 - $2,195 |
In the current period, the average rent in Shelbyville was
$898 for 1 Bedroom,
$1,068 for 2 Bedroom,
$1,636 for 3 Bedroom, and
$1,848 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.