<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Shelter
Properties V Limited Partnership's Third Quarter 10-QSB and is quailified in its
entirety by reference to such 10-QSB.
</LEGEND>
<CIK> 0000712753
<NAME> SHELTER PROPERTIES V
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          NOV-11-1995
<PERIOD-END>                               AUG-31-1995
<CASH>                                       1,036,152
<SECURITIES>                                         0
<RECEIVABLES>                                   34,823
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,350,775
<PP&E>                                      72,465,126
<DEPRECIATION>                              33,745,350
<TOTAL-ASSETS>                              44,818,407
<CURRENT-LIABILITIES>                        2,064,594
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  13,586,933
<TOTAL-LIABILITY-AND-EQUITY>                44,818,407
<SALES>                                              0
<TOTAL-REVENUES>                             9,301,144
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             9,529,342
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           2,077,511
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (14,404)
<EPS-PRIMARY>                                    (.27)
<EPS-DILUTED>                                        0