Martin Estates Apartments
2301 Raleigh Blvd,
Shelbyville, IN 46176
$945 - $1,099 | 1-2 Beds
Shelbyville
Shelbyville, IN
Area Guide
Vibrant history and rural charm color this Indianapolis suburb
Suburb
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Commuter
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Interstate
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Schools
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Casino
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Affordable
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Shelbyville is a cozy suburban community located about thirty miles southeast of Indianapolis on Interstate 74. This richly historic city is full of beautifully preserved homes and buildings throughout, many of which date back well over a century. The cozy neighborhoods and vintage Downtown district provide residents with a timeless home environment, surrounded by farmlands and within reach of Indiana’s biggest city. Shelbyville is also home to the Indiana Grand Racing & Casino, one of the region’s most popular gaming and entertainment destinations.
Rent Trends
As of March 2025, the average apartment rent in Shelbyville, IN is $759 for one bedroom, $933 for two bedrooms, and $1,214 for three bedrooms. Apartment rent in Shelbyville has increased by 2.6% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$759/month
664 Sq Ft
House
$1,855/month
1,230 Sq Ft
Condo
$684/month
2,911 Sq Ft
Transportation
35
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
41
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Southwestern Elementary School
Public
Grades PK-6
339 Students
6
Thomas A Hendricks Elementary School
Public
Grades K-5
533 Students
4
Public
Grades K-5
469 Students
4
William F Loper Elementary School
Public
Grades K-5
672 Students
3
Especially Kidz Health & Rehab Cnt
Public
Grades PK-12
47 Students
Rating Unavailable
Public
Grades 6-8
882 Students
5
Public
Grades 7-12
295 Students
5
Especially Kidz Health & Rehab Cnt
Public
Grades PK-12
47 Students
Rating Unavailable
Public
Grades 9-12
1,101 Students
6
Public
Grades 7-12
295 Students
5
Especially Kidz Health & Rehab Cnt
Public
Grades PK-12
47 Students
Rating Unavailable
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Commuter Rail
Airports
- Indianapolis International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.