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3 Bedroom Apartments in Indianapolis, IN

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3 Bedroom Apartments in Indianapolis, IN

Search and browse 5940 3 bedroom apartments available for rent in Indianapolis, IN. With apartments that span the entire city, you will find an apartment in Indianapolis for just the right price. During your search, sort your favorite 3 bedroom apartments by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Indianapolis apartment before you know it.

September Rent Report

Welcome to the September 2021 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2021 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

Monthly Rent Report

Indianapolis Rent Prices Increase From August to September

Indianapolis rent prices increased over the last month. From August to September, the city experienced a 0.53% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $953.0.

When we take a look at the two-bedroom comparison from August to September, Indianapolis experienced a 0.35% increase for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,146.0.

September Prices: Indianapolis vs. Surrounding Areas

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have increased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Indianapolis suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Carmel, IN, Fishers, IN, Greenwood, IN, Plainfield, IN, Zionsville, IN .

  • Rent decreased in Speedway, IN.

  • 4 suburbs are currently priced higher than the city of Indianapolis.

  • 2 suburbs are currently priced lower than the city of Indianapolis.

September 2021 Pricing Trends: Indianapolis vs. National Comparisons

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's September 2021 National Apartment Report and data set here.

For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Indianapolis and suburbs

1 BR September 1 BR M/M % Change 2 BR September 2 BR M/M % Change
Indianapolis, IN $948.0 0.42% $1,142.0 0.26%
Speedway, IN $873.0 0.00% $977.0 0.41%
Carmel, IN $1,113.0 0.09% $1,310.0 2.58%
Fishers, IN $961.0 0.10% $1,268.0 0.16%
Greenwood, IN $869.0 2.11% $1,054.0 3.54%
Plainfield, IN $1,306.0 9.56% $1,411.0 0.71%
Zionsville, IN $1,145.0 2.32% $1,316.0 0.38%


Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.