
3 Bedroom Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN (124 Rentals)


The Block

The Grounds

Assembly

Pinnex

220 Meridian

CityWay

Total Monthly Price
9 On Canal

Artistry Indy

The Row
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Nine+Eighteen

Residences at Lawnview

Riley Towers

Total Monthly Price
Ralston Apartments

Maple Creek Village

Circa Apartments

Union at 16th

16 Park Apartments

Temple Lofts

632MLK
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

621 W 10th St

237 E Saint Joseph St

Total Monthly Price
1701 Fletcher Ave

1532 N College Ave

403 E Morris St

227 Fulton St

225 Fulton St

2901 W New York St

2923 W New York St

1629 Lexington Ave
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

2107 Coretta Way

1061 W 18th St

1406 Marlowe Ave, Unit 1

2106 N Talbott St

1403 Spann Ave

3531 Garden Ave

1236 W 18th St

655 N Alton Ave

1445 E Lynn Dr

2101 N Pennsylvania St
Downtown Indianapolis - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

2923 W New York St

2901 W New York St

3501 White Cedar Ct

747 N Elder Ave

1527 Prospect St

512 S State Ave

3531 Garden Ave

518 Prospect St

856 River Ave

607 N Tibbs Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Downtown Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Downtown Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Indianapolis Studio Apartments | $1,359 | $556 | $3,761 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,564 | $544 | $3,711 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,037 | $650 | $10,000+ |
Downtown Indianapolis 3 Bedroom Apartments | $2,409 | $799 | $8,628 |
| Downtown Indianapolis 4 Bedroom Apartments | $2,898 | $600 | $8,291 |
Browse Apartments in this Neighborhood
There are currently 124 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
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Downtown Indianapolis, Indianapolis, IN Local Guide
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Largest Available Downtown Indianapolis 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in the Downtown Indianapolis area of Indianapolis, IN is found at The Grounds and is listed at 2,065 square feet priced from $3,499. Here is today’s list of the largest available 2 Bedroom units in the area:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| The Grounds | The Taflinger | 2,065 Sq Ft | $3,499 |
| 946 MLK | B3 | 1,594 Sq Ft | $1,820 |
| Industry Indianapolis | 3BR/2BA - D1 | 1,521 Sq Ft | $3,217 |
| Nine+Eighteen | The Talbott | 1,492 Sq Ft | $2,400 |
| Residences at Lawnview | Three Bedroom 1.5 Bath Townhome | 1,440 Sq Ft | $1,199 |
| CityWay | Ebony | 1,432 Sq Ft | $2,880 |
| Ralston Apartments | Peony | 1,371 Sq Ft | $1,968 |
| Pinnex | C3 | 1,366 Sq Ft | $2,702 |
| Artistry Indy | Pablo | 1,361 Sq Ft | $2,250 |
| Assembly | MKT-Superc | 1,314 Sq Ft | $2,184 |
Cheapest Available Downtown Indianapolis 3 Bedroom Apartments
Currently the lowest priced 3 Bedroom apartment unit Downtown Indianapolis of Indianapolis, IN is the Three Bedroom One Bath Garden Model starting from $1,119 at Residences at Lawnview. The average price for all 3 Bedroom apartments in Downtown Indianapolis is currently $2,409. Here is today’s list of the cheapest available 3 Bedroom options in the area:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Residences at Lawnview | Three Bedroom One Bath Garden | $1,119 |
| Proctor Place | 3 Bedroom | $1,131 |
| Maple Creek Village | 3 Bedroom, 1 Bath | $1,200 |
| 946 MLK | B3 | $1,820 |
| Ralston Apartments | Peony | $1,968 |
| Assembly | MKT-Superc | $2,184 |
| Artistry Indy | Pablo | $2,250 |
| Nine+Eighteen | The Talbott | $2,400 |
| The Row | The Penn -3A | $2,400 |
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Downtown Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about 3 Bedroom Downtown Indianapolis Apartments
What is the Cheapest apartment in Downtown Indianapolis with 3 Bedroom?
Currently the most affordable 3 Bedroom in Downtown Indianapolis is at Residences at Lawnview listed at $1,119.
How much is the average rent for a 3 Bedroom Downtown Indianapolis Apartment?
The average rent for a 3 Bedroom Apartment in Downtown Indianapolis is $2,409.
What is the largest available 3 Bedroom Downtown Indianapolis Apartment for rent?
Today's apartment with the most square footage in Downtown Indianapolis is a 2,065 square feet unit starting from $3,499 at The Grounds.
What is the average size for Downtown Indianapolis 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Downtown Indianapolis is currently 1,996 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

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.

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.

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.

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.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.