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3 Bedroom Apartments for Rent in Indianapolis, IN - 194 Rentals available

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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 RENTCafé 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 $650 and $4,715. Search 3 bedroom apartments in Indianapolis, IN.

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

There are 173 3 bedroom rentals available on RENTCafé. Prices and availability in Indianapolis, IN were last updated on 18 Jan 2021.

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

The average Indianapolis, IN 3 bedroom apartment size is 1,317 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 RENTCafé apartments for rent in Indianapolis, IN.

Indianapolis, IN Demographics

  • Total Population857,637
  • Female 413,806
    Male 443,831
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, October 2020 $925 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70020%
  • $701-$1,00051%
  • $1,001-$1,50025%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
Indianapolis, IN $818 $820 $839 $850 $857 $875 $887 $887 $905 $915 $925
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
/

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households335,373
  • Family 184,496
    Non-family 150,877
  • Children 94,966
    No Children 240,407
  • Average People Per Household2.51
  • Median Household Income$46,442
  • Median Housing Costs Per Month$898

Indianapolis, IN Education Statistics

  • No High School5%
  • Some High School38%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree18%
  • Graduate Degree9%

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 1,032 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 $2,575. 152 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 $675 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!