Homes & Apartments for Rent in Shelbyville, IN

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What to Know About

Life in Shelbyville & Beyond

Shelbyville shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Shelbyville, IN

As of June 2026, Shelbyville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shelbyville's average rent is 35.6% ($458) lower than the Indiana average of $1,287 and 53.9% ($968) lower than the U.S. average of $1,797.

Average Rent
$829
Monthly ChangeMonth Over Month Change
Decreased10.8% ($100)
Yearly ChangeYear Over Year Change
Increased2% ($16)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $777 Decreased0.9% ($7) Increased6.9% ($50)
2 Beds $911 Decreased12.1% ($125) Increased4.6% ($40)
3 Beds $1,149 Decreased12.4% ($163) Increased1.9% ($21)
Nearby Cities Average Rent Avg. Rent vs. ShelbyvilleAverage Rent vs. Shelbyville Avg. Days on MarketAverage Days on Market
Franklin $1,222 Increased47.4% ($393) 29 days
New Palestine $865 Increased4.3% ($36) 31 days
Whiteland $1,606 Increased93.7% ($777) 27 days
Greenwood $1,268 Increased53% ($439) 28 days
Rushville $1,119 Increased35% ($290) 35 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Shelbyville Rental Market FAQs

Explore rental prices, market trends, and availability in Shelbyville, IN.

The average rent in Shelbyville, IN is $829 per month.
Homes in Shelbyville typically rent for between $600 and $1,494 per month, with an average of $829 per month.
In Shelbyville, the average rent for a 1-bedroom home is $777 per month, for a 2-bedroom home, $911 per month, and a 3-bedroom home is $1,149 per month.
The average rent in Shelbyville is 53.9% ($968) lower than the national average of $1,797 per month.
The average rent in Shelbyville has decreased by 10.8% ($100) in the last month and increased by 2.0% ($16) over the past year.
The rental market in Shelbyville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Shelbyville, IN, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 10 rental properties available in Shelbyville, IN.
Based on the current averages, a household would need an annual income of $36,440 to comfortably afford a 2-bedroom home in Shelbyville.
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