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3 Bedroom Apartments for Rent in Indianapolis, IN
305 Rentals Available

274-0-city

Look for 3 bedroom apartments near me

Are you looking to upgrade to a larger apartment? Are there certain requirements that you and your family need to be able to find the perfect apartment? Browse 3 bedroom apartments near you on RentCafe to find the one that fits your family. Filter by size, price, and amenities both inside and outside the apartment, and check reviews by verified residents, to make sure you are choosing the apartment that is perfect for you and your family.

Browse for 3 bedroom apartments near you, whether you want to stay in the same neighborhood or ZIP code, or in any city in the U.S. that you plan on moving to. We can help you find the one that is near all the essential places, such as stores, parks, schools and even your job, at the price that suits your budget. Your next home is waiting, let's find it!

Frequently Asked Questions

What is the price of a 3 bedroom apartment in Indianapolis, IN?

The price range of a 3 bedroom apartment is between $725 and $5,900. Search 3 bedroom apartments in Indianapolis, IN.

How many 3 bedroom apartments for rent are available in Indianapolis, IN on RentCafe?

There are 216 3 bedroom rentals available on RentCafe. Prices and availability in Indianapolis, IN were last updated on 30 Jun 2022.

What is the average size of a 3 bedroom apartment in Indianapolis, IN?

The average Indianapolis, IN 3 bedroom apartment size is 1,346 sq. ft.

What are the advantages of renting a 3 bedroom apartment in Indianapolis, IN?

Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.

What are the downsides of renting a 3 bedroom apartment in Indianapolis, IN?

A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs. You might be interested in studio apartments, 1 bedroom apartments or 2 bedroom apartments, or browse all RentCafe apartments for rent in Indianapolis, IN.

Indianapolis, IN Demographics

  • Total Population869,387
  • Female 418,738
    Male 450,649
  • Median Age34.2

A total population of 869,387 lives in Indianapolis, IN, according to data published by the U.S. Census Bureau. Population statistics show that 450,649 of Indianapolis’s residents are women and 418,738 are men. The median age of the population in Indianapolis, IN is 34.2.

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, February 2022 $1,055 /mo

Apartments for rent in Indianapolis, IN have an average price of $1,055 per month.

Indianapolis, IN Apartment Rent Ranges

About 39% of apartments in Indianapolis, IN have rents ranging between $1,001-$1,500. The second most common rent range is over $1,501-$2,000, 8% of apartments. Around 41% of Indianapolis’s apartments are in the $701-$1,000 price range. 10% of apartments are priced between $501-$700.

Indianapolis, IN Rent Trends

Average Rent Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Nov / 2021 Feb / 2022
Indianapolis, IN $850 $857 $875 $887 $905 $915 $933 $940 $979 $1,020 $1,055
National $1,362 $1,367 $1,399 $1,407 $1,409 $1,399 $1,403 $1,412 $1,495 $1,591 $1,628

Compared to the average rent in the U.S. of $1,628, the rent in Indianapolis, IN is $1,055 per month.

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households342,825
  • Family 186,839
    Non-family 155,986
  • Children 94,154
    No Children 248,671
  • Average People Per Household2.49
  • Median Household Income$50,813
  • Median Housing Costs Per Month$939

According to the U.S. Census, there are 342,825 households in Indianapolis, IN. The Census estimates also show that 186,839 are family households and 155,986 are non-family households. Moreover, Indianapolis has 94,154 households with children in Indianapolis and 248,671 households without children. On average, about 2.49 people constitute a household in Indianapolis, IN. The median income of a Indianapolis household living in Indianapolis is $50,813 per year. The housing costs per month are estimated around $939.

Indianapolis, IN Education Statistics

According to U.S. Census Bureau estimates, the share of residents in Indianapolis, IN that have no high school education is 4%, and the share of those who went to high school is 37%. 23% of residents have some college education, 7% have an Associate Degree, while 19% have a Bachelor Degree, and a share of 10% have a Graduate Degree.

Renting a 3 bedroom apartment in Indianapolis, IN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,225 Sq.Ft.. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Indianapolis, IN, rents on 3 bedroom apartments go up to $5,364. 266 rental properties offer 3 bedroom units in Indianapolis, IN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Indianapolis, IN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $920 in Indianapolis, IN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Windsor Village or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

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