3 Bedroom Apartments for Rent in Indianapolis, IN (536 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 11

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: January 10, 2026

There are currently 6426 available 3 Bedroom apartment units from neighborhoods all over Indianapolis, IN that range in price from $900 to $10,848. Lake Ridge/Bridle Trace, Southeast Indianapolis and Fishers Hawthorn Hills 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
Lake Ridge/Bridle Trace83$2,324$1,600
Southeast Indianapolis78$1,600$925
Fishers Hawthorn Hills75$2,226$1,503
Noblesville Durbin69$1,968$1,562
Clearwater67$2,019$1,275
Stony Creek/Highland/Designer63$2,079$1,585
Saxony60$2,275$1,584
Westminster60$2,275$1,584
Speedway Wellhead60$1,536$1,005
Guilford Park57$2,614$1,490

Largest Available Indianapolis 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Indianapolis, IN is found at Mansion Row - Where Historic Charm Meets Modern Convenience! in the Cheswick Place neighborhood and is 2,600 square feet priced from $1,899. The Depot At Nickel Plate in the Roxbury neighborhood has the second largest 3 Bedroom, which is sized at 2,297 square feet and currently listed start at $3,980. Here is today’s list of the largest available 3 Bedroom units in Indianapolis:

Apartment ListingModel NameSquare FootagePriced From
Mansion Row - Where Historic Charm Meets Modern Convenience!7178C1 Mansion Penthouse 3x2 + Storage (2600 sqft)2,600 Sq Ft$1,899
The Depot At Nickel PlateAmbassador2,297 Sq Ft$3,980
Slate at Fishers DistrictShale2,266 Sq Ft$2,757
740 E North St3 Bed 2.5 Bath2,172 Sq Ft$4,150
The GroundsThe Taflinger2,065 Sq Ft$3,499
Edison at Meridian Hills3 Bedroom Townhome1,750 Sq Ft$2,079

Cheapest Available Indianapolis 3 Bedroom Apartments

As of January 10, 2026 the lowest priced 3 Bedroom apartment unit in Indianapolis, IN is the 3 Bed 1.5 Bath Townhome Model starting from $1,003 at El Dorado Apartments in the Cheswick Place neighborhood. The second most affordable Indianapolis 3 Bedroom is the Three Bedroom 1.5 Bath Townhouse 1150 sq ft Model at Estates at Crystal Bay starting at $1,129 in the Faith Knoll neighborhood. The average price for all 3 Bedroom apartments in Indianapolis is currently $2,019. 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 Townhome$1,003
Estates at Crystal BayThree Bedroom 1.5 Bath Townhouse 1150 sq ft$1,129
Proctor Place3 Bedroom$1,131
Timber Point ApartmentsThe Cambridge$1,155
Braeburn Village3X1.5-50$1,178
Beech Meadow ApartmentsElm$1,181
Summit at KeystoneThe Vail$1,209
Broad Ripple TrailsTownhomes 3 Bedroom$1,219
Bristol Square3 bedroom Townhouse$1,225
East Village at Avondale Meadows ApartmentsC1$1,238

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Indianapolis, IN

View Map
Indianapolis, IN Apartments Map
View Map
Indianapolis, IN Rental Homes Map

Indianapolis, IN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $1,003.

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

The average rent for a 3 Bedroom Apartment in Indianapolis is $2,019.

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

Today's apartment with the most square footage in Indianapolis is a 2,600 square feet unit starting from $1,899 at Mansion Row - Where Historic Charm Meets Modern Convenience!.

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

The average size for a 3 Bedroom rental in Indianapolis is currently 1,583 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

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

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

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

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!