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Bayview Club Apartment Homes
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Artistry Indy
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Lynhurst Park (Phase II)
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The MK
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Canterbury House Apartments - Mann Road
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Hanna Village Apartments
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Covington Square Apartments
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Runaway Bay Apartment Homes
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Pangea Groves
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Lynhurst Park Apartments
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Canterbury House Apartments - Franklin Road
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Pangea Fields
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Arborwood At Mann Road Apartments
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Pangea Meadows
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Canterbury House - Indianapolis Franklin Road (Phase II)
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34 North Apartments
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Eagle Lake Landing
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The Block
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The Woods At Oak Crossing
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Capital Place Apartments
(317) 784-2595
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6255 White Rabbit Place Indianapolis In
(844) 644-6137
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11341 Watts Bar Court Indianapolis In
(844) 644-6137
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4918 Pembridge Drive Indianapolis In
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1353 Lake Meadow Drive Indianapolis In
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10738 Tedder Lake Dr Indianapolis In
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3 Bedroom Apartments in Indianapolis, IN

1 of 250 Results
26
$1,534 - 1,745
Westpark Townhomes
3.8
1225 W Park Way Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
75
$1,833 - 2,603
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
3 BR | Jun. 1, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
30
$1,980 - 2,450
Bayview Club Apartment Homes
Deal
7545 Bayview Club Drive Indianapolis, IN
3 BR | Apr. 30, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
47
$2,276 - 6,959
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Downtown Indianapolis
14
Call for Pricing
Pangea Prairies
4555 N Arlington Ave Indianapolis, IN
3 BR | May. 15, 2023
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Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
40
3D Tour
$1,515 - 1,635
Harrison Place
Deal
5812 Beatle Dr. Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
22
$1,233
Lynhurst Park (Phase II)
2.6
3215 Joey Way Indianapolis, IN
3 BR | Available Now
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Air Conditioning
Surface Parking
Fitness Center
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Pool
17
$1,214 - 1,634
Pangea Hills
5500 Pleasant Hill Circle Indianapolis, IN
3 BR | Mar. 31, 2023
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Dishwasher
35
$2,427 - 4,025
The MK
Deal
3.4
5858 N College Ave Indianapolis, IN
3 BR | May. 29, 2023
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
15
$1,285
Canterbury House Apartments - Mann Road
6505 Tanner Dr Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
22
$1,249
Hanna Village Apartments
2.2
4020 Hanna Village Drive Indianapolis, IN
3 BR | Available Now
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Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
12
$849 - 899
Covington Square Apartments
Deal
115 S. High School Rd. Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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Air Conditioning
Balcony, Deck, Patio
Dishwasher
29
$1,735 - 2,505
Runaway Bay Apartment Homes
2030 Runaway Bay Drive Indianapolis, IN
3 BR | Apr. 8, 2023
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Dog Friendly
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Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
23
$1,237 - 1,392
Pangea Groves
5018 Lemans Dr Indianapolis, IN
3 BR | Apr. 29, 2023
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Dog Friendly
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Covered Parking
Balcony, Deck, Patio
Fitness Center
22
$1,233
Lynhurst Park Apartments
2.6
3215 Joey Way Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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Senior Community
Income Restricted
Air Conditioning
16
$1,069
Canterbury House Apartments - Franklin Road
2.6
7955 Kingsmead Dr Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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Income Restricted
Air Conditioning
Surface Parking
16
$1,259 - 1,910
Pangea Fields
3215 N Alton Ave Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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Air Conditioning
Balcony, Deck, Patio
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65
$2,209
Arborwood At Mann Road Apartments
6702 Trunk Way Indianapolis, IN
3 BR | Available Now
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Dog Friendly
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In Unit Laundry
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15
$1,280 - 1,454
Pangea Meadows
5505 Scarlet Drive Indianapolis, IN
3 BR | May. 1, 2023
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Dog Friendly
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Covered Parking
Balcony, Deck, Patio
Storage
9
$1,069
Canterbury House - Indianapolis Franklin Road (Phase II)
2.6
7955 Kingsmead Dr Indianapolis, IN
3 BR | Available Now
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Air Conditioning
Balcony, Deck, Patio
Storage
Dishwasher
Pool
28
$1,263
34 North Apartments
3402 N Meridian St Indianapolis, IN
3 BR | Available Now
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Income Restricted
Air Conditioning
Fitness Center
Storage
20
3D Tour
$1,456 - 1,781
Eagle Lake Landing
2054 High Eagle Trail Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
32
$3,599 - 3,699
The Block
Deal
114 W Market St Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
2
3D Tour
$804
The Woods At Oak Crossing
Deal
2.0
3120 Nobscot Dr Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
2
$790 - 799
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Storage
1
3D Tour
$1,749
6255 White Rabbit Place Indianapolis In
6255 White Rabbit Place Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Virtual Tour
House
Dishwasher
1
3D Tour
$1,549
11341 Watts Bar Court Indianapolis In
11341 Watts Bar Court Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Dishwasher
St Joseph
1
3D Tour
$1,639
4918 Pembridge Drive Indianapolis In
4918 Pembridge Drive Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
3D Tour
$1,639
1353 Lake Meadow Drive Indianapolis In
1353 Lake Meadow Drive Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
3D Tour
$1,529
10738 Tedder Lake Dr Indianapolis In
10738 Tedder Lake Drive Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
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House
Dishwasher
1 - 30 of 250 Results
  1. Home
  2. Indianapolis
  3. 3 Bedroom Apartments

How much does it cost to rent an apartment in Indianapolis?

Indianapolis Apartments
Bed Type Average Rent Range
Studio $840 $520 - $1,520
1BR $980 $650 - $1,630
2BR $1,100 $730 - $1,910
3BR $1,400 $820 - $2,280
4+BR $1,550 $830 - $3,200
Frequently Asked Questions

How many apartments are available in Indianapolis, IN on Rentable.co?

Rentable.co has over 46,627 apartments available in Indianapolis.

What is the average rent for a studio apartment in Indianapolis, IN?

The average rent for a studio apartment in Indianapolis is around $840 per month.

What is the average rent for a one-bedroom apartment in Indianapolis, IN?

The average rent for a one-bedroom apartment in Indianapolis is around $980 per month.

What is the average rent for a two-bedroom apartment in Indianapolis, IN?

The average rent for a two-bedroom apartment in Indianapolis is around $1,100 per month.

How expensive is living in Indianapolis, IN?

Based on average rent prices in Indianapolis, to afford a studio apartment you would need an annual salary of $34,000 to live comfortably.

How many three-bedroom apartments are available in Indianapolis, IN on Rentable.co?

Rentable.co has 250 three-bedroom apartments available for rent in Indianapolis.

Which neighborhoods have the most three-bedroom apartments for rent in Indianapolis, IN?

  1. Downtown Indianapolis
  2. Mapelton
  3. West Indianapolis
  4. Woodruff Place
  5. St Joseph

Asset 2
Apartments by Bedrooms
1 Bedroom Apartments
2 Bedroom Apartments
3 Bedroom Apartments
4 Bedroom Apartments
Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
Apartments Under $600
Apartments Under $700
Apartments Under $800
Apartments Under $900
Apartments Under $1,000
Apartments Under $1,200
Apartments with Amenities
Apartments With Utilities Included
Furnished Apartments
Pet Friendly Apartments
Virtual Tour Apartments
Apartments with Move In Specials
Apartments by Type
Student Apartments
Houses For Rent
Senior Apartments and Housing
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Condos For Rent

Indianapolis:
March Rent Report

Welcome to the March 2023 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 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 February to March

Indianapolis rent prices increased over the last month. From February to March, the city experienced a 0.21% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $944.0.

When we take a look at the two-bedroom comparison from February to March, Indianapolis experienced a -1.46% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,216.0.

March 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 2 of the Indianapolis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Greenwood, IN, Camby, IN .

  • Rent decreased in Carmel, IN, Westfield, IN, Noblesville, IN, Lawrence, IN.

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

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

March 2023 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.

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 March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Indianapolis, IN $942.0 -0.42% $1,234.0 -2.06%
Carmel, IN $1,431.0 -0.49% $1,635.0 -1.86%
Greenwood, IN $915.0 2.58% $1,311.0 -1.58%
Westfield, IN $1,336.0 -7.29% $1,702.0 -2.69%
Noblesville, IN $1,195.0 0.00% $1,621.0 -0.12%
Lawrence, IN $850.0 0.00% $995.0 0.00%
Camby, IN $1,101.0 1.01% $1,448.0 0.28%

Methodology

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.