At $1,083/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,083 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Shelbyville changed +3.7% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($55,602) is $1,390 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,220); a 3-bedroom is $1,590.
From Zillow's monthly rent index (ZORI) for Shelbyville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Shelbyville, IN is majority owner-occupied, has a median income below the national average, 19.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Shelbyville, IN has changed in 5 years
On the earnings side, the typical household in Shelbyville, IN now reports about $55,602, up from $55,950 in 2021. The population has grown by 3.0% since 2021, moving from about 19,710 residents to roughly 20,296. Renters now make up 44.8% of households, compared with 42.5% five years ago. College-educated residents now make up 19.4% of adults here, versus 16% in 2021.
Discussions about Shelbyville
No discussions yet. Start the conversation.
Can you afford rent in Shelbyville on your salary?
At $1,083/mo, how Shelbyville rent compares to typical pay (30% rule).
Shelbyville rent by bedroom count
Median rent for each apartment size in Shelbyville. Click any size for full breakdown.
Tips for renters in Shelbyville
Last updated: October 17, 2026
The median rent in Shelbyville is $1,083/mo as of October 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,590/mo.
At 23% of local median household income ($55,602/yr), Shelbyville ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.
Frequently asked questions
How much income do you need to rent in Shelbyville?
Is rent going up or down in Shelbyville?
How does Shelbyville rent compare to other cities in Indiana?
At $1,083/mo, rent takes ~23% of Shelbyville's median household income ($55,602/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Shelbyville.
No discussions yet.