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Cheap 3 Bedroom Apartments for Rent in Indianapolis, IN from $999 (139 Rentals) Page 2 of 3
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Rent Specials
$1,400 - $1,8503 Bedroom Apartments Available Now
Williamsburg North
4430 Brookline CtIndianapolis, IN 46220
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$1,401 - $1,6513 Bedroom Apartments Contact Us For Availability
Oakbrook Village
6098 Georgetown RdIndianapolis, IN 46254
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$1,425 - $1,6003 Bedroom Apartments Available Now
The Life at Belhaven Place
625 Belhaven PlIndianapolis, IN 46229
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$1,446 - $1,6213 Bedroom Apartments Available Now
Arborwood Apartments
6702 Trunk WayIndianapolis, IN 46221
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$1,4503 Bedroom Apartments Available Now
Westpark Townhomes
1225 W Park WayIndianapolis, IN 46214
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$1,4503 Bedroom Apartments Available Now
Warren Harbor Apartments
9300 E 21st StIndianapolis, IN 46229
619-619 N Parker Ave
IndianapolisIN46201
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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$1,459 - $2,4243 Bedroom Apartments Available Now
CityView on Meridian
3801 N Meridian StIndianapolis, IN 46208
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$1,475 - $1,8793 Bedroom Apartments Available Now
The Residences on 56th Street
6800 Brendon Way W DrIndianapolis, IN 46226
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$1,4763 Bedroom Apartments Available Now
The Park at Greenhill
56 Port Ocall DrIndianapolis, IN 46224
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$1,4903 Bedroom Apartments Available Now
The Reserve at Franklin Glenn I LP
8016 Louisville DrIndianapolis, IN 46226
1646 Ingram St
IndianapolisIN46218
2956-2956 Central Ave
IndianapolisIN46205
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$1,496 - $1,7163 Bedroom Apartments Available Now
10 West Apartments
7855 Cimarron TrlIndianapolis, IN 46214
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$1,499 - $1,5813 Bedroom Apartments Available Now
Chateau in the Woods
4020 Monaco DrIndianapolis, IN 46220
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$1,499 - $1,5993 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
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$1,4993 Bedroom Apartments Available Now
Paragon Park
1714 Wellington AveIndianapolis, IN 46219
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$1,4993 Bedroom Apartments Available Now
The Maywood at Speedway
6010 W 25th StIndianapolis, IN 46224
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$1,500 - $1,7003 Bedroom Apartments Available Now
Eagle’s Edge
4301 Falcon Creek BlvdIndianapolis, IN 46254
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$1,5003 Bedroom Apartment Available Now
2322 Guilford Ave, Unit A
2322 Guilford AveIndianapolis, IN 46205
2407 E 16th St
IndianapolisIN46201
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Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,173 | $581 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,377 | $581 | $4,143 |
| Indianapolis 2 Bedroom Apartments | $1,661 | $316 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,023 | $999 | $8,523 |
| Indianapolis 4 Bedroom Apartments | $1,845 | $600 | $7,318 |
| Indianapolis 5 Bedroom Apartments | $11,172 | $1,000 | $10,000+ |
Explore Indianapolis
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Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
Let everyone know!
Write a ReviewWendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Cheap Indianapolis Apartments
What is a cheap apartment in Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $699.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is El Dorado Apartments which is listed at $1,043, while the average apartment in Indianapolis costs $2,537.
What types of apartments are the cheapest in Indianapolis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8,105 regular apartments in Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Indianapolis?
Cheap apartments in Indianapolis have an average cost of $368 which is $2,169 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.