3 Bedroom Apartments for Rent in Indianapolis, IN (523 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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Nook Nine
Rent Specials
$2,564 - $3,199
Total Monthly Price

Total Monthly Price

Base Rent
$1,256 - $3,109
Required Monthly Fees
$90
Total Monthly Price
$1,346 - $3,199
3 Bedroom Apartments Available Now

Nook Nine

9433 Avant AveIndianapolis, IN 46240
Corporate Housing
  • Verified

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Chateau in the Woods
$1,440 - $1,581
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,532
Required Monthly Fees
$49
Total Monthly Price
$999 - $1,581
3 Bedroom Apartments Available Apr 4

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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CityWay
$2,305 - $5,258
Total Monthly Price

Total Monthly Price

Base Rent
$1,407 - $6,202
Required Monthly Fees
$50
Total Monthly Price
$1,457 - $6,252
3 Bedroom Apartments Available Now

CityWay

229 S Delaware StIndianapolis, IN 46204
Furnished
  • Verified
  • 3D Tour
  • Smoke Free

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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Bayview Club Apartments
$1,645 - $3,015
Total Monthly Price

Total Monthly Price

Base Rent
$1,109 - $2,972
Required Monthly Fees
$43
Total Monthly Price
$1,152 - $3,015
3 Bedroom Apartments Available Now

Bayview Club Apartments

7545 Bayview Club DrIndianapolis, IN 46250
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Eagle’s Edge
Rent Specials
$1,500 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,685
Required Monthly Fees
$15
Total Monthly Price
$1,000 - $1,700
3 Bedroom Apartments Available Now

Eagle’s Edge

4301 Falcon Creek BlvdIndianapolis, IN 46254
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income

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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Navigating the Rental Market: Tips for First-Time Renters

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Indianapolis, IN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Indianapolis 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: March 03, 2026

There are currently 5819 available 3 Bedroom apartment units from neighborhoods all over Indianapolis, IN that range in price from $950 to $9,966. Saddlebrook, Southeast Indianapolis and Morningside Broadmoor are the neighborhoods that currently have the most 3 Bedroom availability. Here is today's list of the top neighborhoods in Indianapolis with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Saddlebrook78$1,379$1,100
Southeast Indianapolis78$1,599$1,184
Morningside Broadmoor71$1,379$1,149
Speedway Wellhead67$1,504$999
Lake Ridge/Bridle Trace62$2,324$1,644
Eagledale58$1,425$999
Speedway57$1,427$999
Clearwater56$1,879$1,294
International Market Place56$1,443$999
Cheswick Place52$1,427$999

Largest Available Indianapolis 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Indianapolis, IN is found at The Depot At Nickel Plate in the Roxbury neighborhood and is 2,297 square feet priced from $4,090. Slate at Fishers District in the Berkley Place neighborhood has the second largest 3 Bedroom, which is sized at 2,266 square feet and currently listed start at $2,971. Here is today’s list of the largest available 3 Bedroom units in Indianapolis:

Apartment ListingModel NameSquare FootagePriced From
The Depot At Nickel PlateAmbassador2,297 Sq Ft$4,090
Slate at Fishers DistrictShale2,266 Sq Ft$2,971
740 E North St3 Bed 2.5 Bath2,172 Sq Ft$3,700
The GroundsThe Taflinger2,065 Sq Ft$3,249
VersaSculpture2,045 Sq Ft$5,067
Old Town On The Monon3x2.5 Carnegie1,950 Sq Ft$3,715
Westhaven at AvonAshwick 3x31,879 Sq Ft$2,450
CityWayVermillion1,877 Sq Ft$3,247
Edison at Meridian Hills3 Bedroom Townhome1,750 Sq Ft$1,999

Cheapest Available Indianapolis 3 Bedroom Apartments

As of March 03, 2026 the lowest priced 3 Bedroom apartment unit in Indianapolis, IN is the 3 Bed 1.5 Bath Model starting from $999 at El Dorado Apartments in the Cheswick Place neighborhood. The second most affordable Indianapolis 3 Bedroom is the Lindberg Model at Strawbridge Green starting at $1,045 in the Shelby Street-Epler Avenue neighborhood. The average price for all 3 Bedroom apartments in Indianapolis is currently $2,041. Here is today’s list of the cheapest available 3 Bedroom options in Indianapolis:

Apartment ListingModel NamePriced From
El Dorado Apartments3 Bed 1.5 Bath$999
Strawbridge GreenLindberg$1,045
Berkley CommonsThree Bedroom 1.5 Bath TH$1,130
Broad Ripple TrailsCommons 3 Bedroom$1,149
Estates at Crystal BayThree Bedroom 1.5 Bath Townhouse 1150 sq ft$1,149
The Pines at SoBro3 Bedroom 1 Bath Apartment - Classic$1,149
Timber Point ApartmentsThe Cambridge$1,160
Harpers Crossing3 bdr$1,171
Braeburn Village3X1.5-50$1,178
Maple Creek Village3 Bedroom, 1 Bath$1,200

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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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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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Indianapolis Overview

Indiana’s capital, Indianapolis, is the state’s largest city and it ranks 13th in the country for size. It sits near the convergence of the White River and Fall Creek. Recently, Forbes ranked Indianapolis as having one of the best downtowns in the country because of its appealing appearance as well as amenities like movie theaters, museums, art galleries, parks, retail shops and entertainment. Indianapolis has experienced moderate growth in the last few years, and currently has a population of nearly 840,000 residents.

Why live in Indianapolis, IN?

In Indianapolis, if you are a sports fan, you are in luck. The city boasts many sports-related venues and activities. There is a lot to do if you love history, art, and the outdoors as well (in the warmer months, of course!). Here are some of the highlights the city has to offer:

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Indianapolis, IN Rentals by Map

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Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

Frequently Asked Questions about 3 Bedroom Indianapolis Apartments

What is the Cheapest apartment in Indianapolis with 3 Bedroom?

Currently the most affordable 3 Bedroom in Indianapolis is at El Dorado Apartments listed at $999.

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

The average rent for a 3 Bedroom Apartment in Indianapolis is $2,041.

What is the largest available 3 Bedroom Indianapolis Apartment for rent?

Today's apartment with the most square footage in Indianapolis is a 2,297 square feet unit starting from $4,090 at The Depot At Nickel Plate.

What is the average size for Indianapolis 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Indianapolis is currently 1,576 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.

Helpful Local Expert Guides

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.