
3 Bedroom Apartments for Rent in Indianapolis, IN (534 Rentals) Page 2 of 11


Lakeside Crossing at Eagle Creek Apartments and Townhomes

Lakeshore Reserve Off 86th Apartments and Townhomes

Eagle’s Edge

Total Monthly Price
9 On Canal

Edison at Meridian Hills

Spanish Oaks

Bishop Pond Apartments

Shore Acres

The Otis at Fort Ben Apartments
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.

Total Monthly Price
Indy 7925

Total Monthly Price
The 85Twenty

Woods at Oak Crossing

Estates at Crystal Bay

Harrison Place Apartments

The Hills Apartment Homes

The Prairies Apartment Homes

River Crossing

The Pines at SoBro

The Meadows Apartment Homes
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

The Woods of Eagle Creek

Ashton Pointe

Somerset Lakes

Versa

The Edge

Nine+Eighteen

Northampton Village Apartments

360 Market Square

946 MLK

The Timbers Apartments

Summerwood on Towne Line Apartments

Ralston Apartments

Paragon Park

The Life at Creekside Reserve

Greentree Apartments

The Fort Apartments

Warren Harbor Apartments

El Dorado

Capital Place

Timber Point Apartments

Hanna Village

Parkside at Castleton Square Apartments and Townhomes

The Preserve on Allisonville Townhomes

Jamestowne Apartments

Country Lake Estates

Castleton Manor Apartments

Country Lake Townhomes

Lake Marina Apartments

Buckingham & Balmoral

Overlook at Valley Ridge Apartments
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 | $1,183 | $200 | $5,277 |
| Indianapolis 1 Bedroom Apartments | $1,391 | $544 | $5,777 |
| Indianapolis 2 Bedroom Apartments | $1,646 | $545 | $6,804 |
Indianapolis 3 Bedroom Apartments | $2,029 | $626 | $8,289 |
| Indianapolis 4 Bedroom Apartments | $1,921 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,084 | $950 | $10,000+ |
Browse Top Apartments in Indianapolis
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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 3 Bedroom Indianapolis Apartments
What is the Cheapest apartment in Indianapolis with 3 Bedroom?
Currently the most affordable 3 Bedroom in Indianapolis is at The Villages at Mill Crossing listed at $626.
How much is the average rent for a 3 Bedroom Indianapolis Apartment?
The average rent for a 3 Bedroom Apartment in Indianapolis is $2,029.
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 1,509 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

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.

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.

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.