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Studio Apartment for Rent in Shelbyville, IN

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    $800

    Total Monthly Price

    • Studio
    • 1 Bath
    • 250 Sq Ft
    • Condo for Rent

    137 E Washington St Unit 205, Shelbyville, IN 46176

    NO DEPOSIT/NO UTILITIES. Please call Christian Investments at 3one7-three98-7two0three and select option number 2. Our hours are Monday through Friday 7:30 AM until 3:30 PM. Have to have proof of income for the last 6 months and no evictions. Applications are available at 318 E Broadway St Shelbyville IN at the back of the building go in office door and applications will be located at bottom of

    137 E Washington St Unit 205, Shelbyville, IN 46176

Why Live in Shelbyville

Shelbyville, IN, is a small city with a population of over 25,000, characterized by its close-knit community and rural charm. Located less than 35 miles from Indianapolis, Shelbyville offers a variety of custom-built homes ranging from the 1960s to the early 2000s, including Arts and Crafts-style, bungalows, and ranch-style architecture. The city is served by Shelbyville Central Schools, which are highly rated. For recreation, Blue River Memorial Park provides over 180 acres of green space, walking trails, a butterfly habitat, and a dog park. Other parks like Kennedy, Sunrise, Sunset, and Morrison Park offer smaller-scale outdoor options. The Shelby County YMCA offers indoor activities such as pickleball, group fitness classes, and swimming. For entertainment, the Skyline Drive-In features movies, an arcade, and a café. Shopping needs are met by local stores like Kroger and Walmart, with larger retail options available at Greenwood Park Mall, 25 miles away. Dining includes local favorites like Grandma’s Pancake House and Pudder’s, while nightlife can be enjoyed at Capone’s Downtown Speakeasy and Willie Farkle’s. The city hosts events like First Fridays and a Christmas Parade, fostering community spirit. Travel to Indianapolis is convenient via multiple ramps to Interstate 74, and the Indianapolis International Airport is about 40 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Shelbyville, IN?
The median rent for a home in Shelbyville, IN is $785 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Shelbyville, IN?
To comfortably afford the median rent in Shelbyville, IN, a household needs to earn roughly $31,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $785 per month in Shelbyville, IN, renters typically need to show $2,355 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Shelbyville, IN?
In Shelbyville, IN, the price-to-rent ratio is 27.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Shelbyville, IN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$785
Median Single Family Home Rent
$1,373
Median Townhouse Rent
$1,023
Median Condo Rent
$695
How to Rent a Home