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3 Bedroom Apartments for Rent in Indianapolis, IN - 255 Rentals available

Indianapolis, IN Demographics

  • Total Population841,449
  • Female 405,843
    Male 435,606
  • Median Age34

Average Rent for 3 Bedroom apartments in Indianapolis, IN

  • The average rent for a 3 Bedroom apartment in Indianapolis, IN, July, 2018$819/mo
  • 1 Bedroom$735
  • 2 Bedrooms$852
  • 3 Bedrooms$999

Indianapolis, IN 3 Bedroom Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00062%
  • $1,001-$1,50031%
  • $1,501-$2,0002%
  • > $2,0003%

Indianapolis, IN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jul / 2018 $819 $999
Sept / 2017 $815 $993
May / 2017 $807 $986
Jan / 2017 $796 $975
Sept / 2016 $787 $962
May / 2016 $777 $956
Jan / 2016 $759 $931
Sept / 2015 $753 $925
May / 2015 $743 $917
Jan / 2015 $735 $913
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Indianapolis, IN Households

  • Total Number of Households330,243
  • Children 100,519
    No Children 229,724
  • Average People Per Household2.5
  • Median Household Income$41,987
  • Median Housing Costs Per Month$848

Indianapolis, IN Education Statistics

  • No High School5%
  • Some High School40%
  • Some College23%
  • Associate Degree6%
  • Bachelor Degree17%
  • Graduate Degree9%
  • Most Expensive 3 Bedroom Apartment

    CityWay $1,105 - $3,677
  • Cheapest 3 Bedroom Apartment

    Pangea Meadows $458 - $966

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 964 Sqft. 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 $3,677. 193 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 $458 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 Cameron Meadows or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.