
Cheap 3 Bedroom Apartments for Rent in Indianapolis, IN from $626 (140 Rentals) Page 3 of 3


East Village at Avondale Meadows Apartments

Remington on Rockville

Trenton House Apartments

9000 Westfield Apartments

South & Madison

7 Pointe Apartments

Lake Camelot Apartments

Stonegate Apartments

Chapel Hill Apartments

550 Fletcher Ave

Dakota Ridge

Proctor Place

Garfield Parkside Townhomes

Sebring Court

Franklin Cove

The Reserve at Franklin Glenn

Beech Meadow Apartments

7355 Westchester Dr

Gladden Farms Apartments

Stafford Pointe

Yorktowne Farms Community

Washington Village Apartments

Total Monthly Price
LaCabreah Apartments

7092-7094 Manor Dr N

Crown Plaza

Westminster Apartments and Townhomes

Polo Run Apartments

The Commons at Wynne Farms Apartments

Arbor Manor

Greenwood MHP

Haven Homes

Pebble Creek

Beacon Pointe Apartments

Cumberland Cottages

Harpers Crossing

Camby Crossing

Brickyard Flats

Cumberland Crossing

Meridian Oaks
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 | $1,164 | $590 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,380 | $497 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,632 | $545 | $5,596 |
| Indianapolis 3 Bedroom Apartments | $2,016 | $626 | $8,095 |
| Indianapolis 4 Bedroom Apartments | $1,903 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,298 | $950 | $10,000+ |
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Indianapolis, IN Area Reviews
Wendy • 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 $655.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is The Villages at Mill Crossing which is listed at $626, while the average apartment in Indianapolis costs $2,834.
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 10,081 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 $372 which is $2,462 cheaper than the average rent for all rentals in Indianapolis.
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

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.

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.

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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

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.

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.

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.

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.