<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Shelter
Properties V Limited Partnership 1996 third quarter 10-QSB and is qualified in
its entirety by reference to such 10-QSB filing.
</LEGEND>
<CIK> 0000712753
<NAME> SHELTER PROPERTIES V LIMITED PARTNERSHIP
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               JUL-31-1996
<CASH>                                       3,450,334
<SECURITIES>                                         0
<RECEIVABLES>                                   38,597
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                      73,699,910
<DEPRECIATION>                              36,665,648
<TOTAL-ASSETS>                              42,716,632
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                     28,415,305
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  12,649,137
<TOTAL-LIABILITY-AND-EQUITY>                42,716,632
<SALES>                                              0
<TOTAL-REVENUES>                             9,521,453
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             9,631,794
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           2,013,846
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (110,341)
<EPS-PRIMARY>                                   (2.07)
<EPS-DILUTED>                                        0
<FN>
<F1>The Registrant has an unclassified balance sheet.
</FN>