
3 Bedroom Apartments for Rent in Indianapolis, IN Under $4,900 (381 Rentals) Page 4 of 8


5936 Radnor Rd, Unit 5936 - 2B

636 E 108th St, Unit A

409 N Oakland Ave, Unit 411

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421 E Market St, Unit SI ID1384021P

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1523 S East St, Unit SI ID1342436P

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530 Massachusetts Ave, Unit SI ID1073994P

2950 Winthrop Ave, Unit B

2801 N Talbott St, Unit A

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2318 N New Jersey St, Unit SI ID1364144P

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2838 N Washington Blvd, Unit SI ID1303773P

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337 Sanders St, Unit SI ID1322532P

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8538 Gandy Ct, Unit SI ID1303751P

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2834 N Washington Blvd, Unit SI ID1303785P

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530 Massachusetts Ave, Unit SI ID1074003P

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888 Massachusetts Ave, Unit SI ID1014221P

1020-1022 S Randolph St

3926 Malibu Dr

801 Warren Ave

1354 Oliver Ave

115-115 N Arsenal Ave

10363 Fairmont Ln

3415 N Capitol Ave

835 Weghorst St

526 E Minnesota St

335 S Oakland Ave

3531 Garden Ave

901 Dequincy St

10325 Liverpool Way

933-935 N Dearborn St

861 N Drexel Ave

1756-1756 S Delaware St

2235 Doctor M.L.K. Jr St

2018 Rembrandt St

2209 N Arsenal Ave

1819-1819 Union St

717-717 Southfield Ct

12307 Cobblestone Ct

518 Prospect St

2549 Columbia Ave

622 N Linwood Ave

7912 Bitternut Dr

2403 N Oxford St

Mayfield Green Cooperative

928-934 Martin Luther King Jr St

Maplewood

Addison Creek

Deerfield Acres

Brownstone Apartments

Red Maple Grove
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 | $1,194 | $575 | $5,104 |
| Indianapolis 1 Bedroom Apartments | $1,386 | $544 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,653 | $545 | $6,480 |
| Indianapolis 3 Bedroom Apartments | $2,042 | $626 | $8,588 |
| Indianapolis 4 Bedroom Apartments | $1,925 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,435 | $6,507 | $10,000+ |
Explore Indianapolis
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 Maison Gardens Apartments listed at $870.
How much is the average rent for a 3 Bedroom Indianapolis Apartment?
The average rent for a 3 Bedroom Apartment in Indianapolis is $2,042.
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 $1,699 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 1,571 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

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.