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 August 2025, Shelbyville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shelbyville's average rent is 38.3% ($478) lower than the Indiana average of $1,247 and 57.0% ($1,021) lower than the U.S. average of $1,790.

Average Rent

$769

Monthly ChangeMonth Over Month Change

11.2% ($97)

Yearly ChangeYear Over Year Change

43.1% ($582)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$741	2.1% ($15)	6% ($47)
2 Beds	$864	0.1% ($1)	4.6% ($42)
3 Beds	$1,079	2.8% ($29)	35% ($580)

Nearby Cities	Average Rent	Avg. Rent vs. ShelbyvilleAverage Rent vs. Shelbyville	Avg. Days on MarketAverage Days on Market
Franklin	$1,360	76.9% ($591)	29 days
Whiteland	$1,419	84.5% ($650)	27 days
Greenwood	$1,304	69.6% ($535)	28 days
Rushville	$1,059	37.7% ($290)	35 days
Beech Grove	$1,073	39.5% ($304)	36 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.

What is the average rent in Shelbyville, IN?

The average rent in Shelbyville, IN is $769 per month.

What is the rental price range for apartments in Shelbyville, IN?

Apartments in Shelbyville typically rent for between $600 and $1,403 per month, with an average of $769 per month.

What is the average rent for different bedroom sizes in Shelbyville, IN?

In Shelbyville, the average rent for a 1-bedroom apartment is $741 per month, for a 2-bedroom apartment, $864 per month, and a 3-bedroom apartment is $1,079 per month.

How do rent prices in Shelbyville, IN compare with the national average?

The average rent in Shelbyville is 57% ($1,021) lower than the national average of $1,790 per month.

How have rent prices in Shelbyville, IN changed recently?

The average rent in Shelbyville has decreased by 11.2% ($97) in the last month and decreased by 43.1% ($582) over the past year.

How competitive is the rental market in Shelbyville, IN?

The rental market in Shelbyville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Shelbyville, IN?

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.

How many rental properties are available in Shelbyville, IN?

There are currently 12 rental properties available in Shelbyville, IN.

Can I afford to rent an apartment in Shelbyville, IN?

Based on the current averages, a household would need an annual income of $34,560 to comfortably afford a 2-bedroom apartment in Shelbyville.