3 Bedroom Apartments for Rent in the Shadow Lakes Neighborhood of Carmel, IN (67 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 865 W 136th St

$2,300

3 Bedroom, 1.5 Bath Home for Rent

Available Now

865 W 136th St

CarmelIN46032

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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843 Templeton Dr
3 Bedroom Apartments

843 Templeton Dr

843 Templeton DrCarmel, IN 46032
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Twin Lakes Apartments
3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Midtown Flats
3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032
property at 4391 Barrel Ln

$2,650

3 Bedroom, 3 Bath Townhome for Rent

Available Jan 1, 2026

4391 Barrel Ln

WestfieldIN46062

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Shadow Lakes, Carmel, IN Local Guide

Largest Available Shadow Lakes 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in the Shadow Lakes area of Indianapolis, IN is found at OLD TOWN ON THE MONON and is listed at 1,950 square feet priced from $3,271. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
OLD TOWN ON THE MONONCarnegie1,950 Sq Ft$3,271
Carmel CenterBack Bay1,946 Sq Ft$2,895
AvantCC2 3 Bed 2 Bath1,663 Sq Ft$3,077
GramercyDartmouth (3.20 C)1,660 Sq Ft$1,697
The Kent at Carmel City Center3br1,644 Sq Ft$2,830
Midtown Flats3 Bedroom, 2 Bathroom1,483 Sq Ft$2,743
MAIN STREETThe Sycamore1,450 Sq Ft$1,929
The Village on Spring MillMendelssohn - 3 bed 2 bath - Renovated1,434 Sq Ft$1,853
Farmhouse at Lantern CommonsC11,423 Sq Ft$2,425
BridgewaterThe Marshall1,365 Sq Ft$1,911

Cheapest Available Shadow Lakes 3 Bedroom Apartments

Currently the lowest priced 3 Bedroom apartment unit Shadow Lakes of Indianapolis, IN is the Harlequin (3.20 B) Model starting from $1,495 at Gramercy. The average price for all 3 Bedroom apartments in Shadow Lakes is currently $2,391. Here is today’s list of the cheapest available 3 Bedroom options in the area:

Apartment ListingModel NamePriced From
GramercyHarlequin (3.20 B)$1,495
Harmony Apartment HomesSoprano A 3.2 (bay window)$1,636
Carmel Landing Apartment Homes3-Townhome$1,637
Pebble Brook VillagePeach Tree$1,808
The Village on Spring MillMendelssohn - 3 bed 2 bath - Renovated$1,853
Alexandria of Carmel ApartmentsThe Presidential 3 BR 2 BA$1,881
BridgewaterThe Marshall$1,911
MAIN STREETThe Sycamore$1,929
Providence at Old Meridian3B2B Garage Central Park -Renovated$1,988
Highpointe on MeridianT1 Sanford 1 - 3.2 (Att Gar)$2,184

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Shadow Lakes, Carmel, IN

Ranked #2

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Shadow Lakes, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Shadow Lakes, Carmel, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about 3 Bedroom Shadow Lakes Apartments

What is the Cheapest apartment in Shadow Lakes with 3 Bedroom?

Currently the most affordable 3 Bedroom in Shadow Lakes is at Gramercy listed at $1,495.

How much is the average rent for a 3 Bedroom Shadow Lakes Apartment?

The average rent for a 3 Bedroom Apartment in Shadow Lakes is $2,391.

What is the largest available 3 Bedroom Shadow Lakes Apartment for rent?

Today's apartment with the most square footage in Shadow Lakes is a 1,950 square feet unit starting from $3,271 at OLD TOWN ON THE MONON.

What is the average size for Shadow Lakes 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Shadow Lakes is currently 1,806 sq ft.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!