3 Bedroom Apartments for Rent in Indianapolis, IN Under $4,200 (379 Rentals) Page 6 of 8

Beech Meadow Apartments

Arlington Farms

The Domain at Bennett Farms

Trulo Homes Bridle Creek

Signature at Carmel

Riley Crossing at Gateway Park

The Grove

Maverick Modern Apartments

The Steadman Apartments of Carmel

Camby Crossing

LaCabreah Apartments

Flats at Stones Crossing

River Place Flats

The E - Elevated Living in Whitestown

Sunrise on the Monon

Auburn Place Apartments

Sand Creek Woods

Westminster Apartments and Townhomes

The Retreat at Carmel

Avant

Copper Chase at Stones Crossing

BroadAcre Apartments of McCordsville

Apex at Perry Crossing

The Wren & The Windsor

The Ascent Apartments of Plainfield

The Mark at Fishers District

Wellington Place

Bayberry Place Apartments

Greenview

The State at Fishers Apartments

Crossing 5

Woodland Springs Apartment Homes

Alinium at Zionsville

Hyde Park Towns & Flats

Slate at Fishers District

Yorktowne Farms Community

Echo Park at Perry Crossing
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 | $1,159 | $595 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,368 | $495 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,646 | $316 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $1,988 | $899 | $7,211 |
| Indianapolis 4 Bedroom Apartments | $1,746 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,715 | $1,000 | $10,000+ |
Explore Indianapolis
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
Wendy • 3+ years in Indianapolis
August 10, 2025One 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 $1,034.
How much is the average rent for a 3 Bedroom Indianapolis Apartment?
The average rent for a 3 Bedroom Apartment in Indianapolis is $1,988.
What is the largest available 3 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 2,690 square feet unit starting from $3,599 at Solana Apartments.
What is the average size for Indianapolis 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Indianapolis is currently 1,588 sq ft.
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.

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.

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!












