Rent in Shelby, IN
A 2-bedroom in Shelby, IN (ZIP 46377) typically rents for about $1,540 a month, with a range of $1,429–$1,540. Owner-occupied homes in Lake County pay about 0.92% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,200 | $1,117–$1,200 | 1 |
| 1 bed | $1,270 | $1,176–$1,270 | 1 |
| 2 beds | $1,540 | $1,429–$1,540 | 1 |
| 3 beds | $1,870 | $1,739–$1,870 | 1 |
| 4 beds | $2,050 | $1,898–$2,050 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).
Shelby ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Shelby, IN?
- About $1,540 a month: the median of the typical rents in 1 ZIP code, which range from $1,429–$1,540. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Shelby, IN?
- About $1,270 a month: the median of the typical rents in 1 ZIP code, which range from $1,176–$1,270. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Shelby, IN?
- About $1,870 a month: the median of the typical rents in 1 ZIP code, which range from $1,739–$1,870. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Shelby, IN?
- About $1,200 a month: the median of the typical rents in 1 ZIP code, which range from $1,117–$1,200. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Shelby, IN?
- About $2,050 a month: the median of the typical rents in 1 ZIP code, which range from $1,898–$2,050. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Shelby, IN?
- Owner-occupied homes in Lake County pay a typical 0.92% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Shelby rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).