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3 Bedroom Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

34 Rentals Available
3 Bedroom Apartments for Rent in Downtown Indianapolis, Indianapolis, IN. 34 Rentals Available
  • Today

    220 N. Meridian St., Indianapolis, IN 46204
    3 BEDS $4,212+
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    229 S. Delaware St., Indianapolis, IN 46204
    3 BEDS $2,655+
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    632 Dr. Martin Luther King Jr., Indianapolis, IN 46202
    3 BEDS $2,525+
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    747 N College Ave, Indianapolis, IN 46202
    3 BEDS Ask for Pricing
  • Today

    307 N Pennsylvania St, Indianapolis, IN 46204
    3 BEDS $2,875+
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  • More Rentals Near Downtown Indianapolis, Indianapolis, IN

  • Today

    Passage, Indianapolis, IN 46202
    3 BEDS $1,027
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    659 Birch Avenue, Indianapolis, IN 46221
    3 BEDS $750
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    931 Fletcher Avenue, Indianapolis, IN 46203
    3 BEDS $2,611+
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    114 East Palmer Street, Indianapolis, IN 46225
    3 BEDS $500
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    1902 Wilcox Street, Indianapolis, IN 46222
    3 BEDS $700
  • Today

    1015 Vesper Pl, Indianapolis, IN 46203
    Income Restricted
    3 BEDS Ask for Pricing
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  • Today

    240 N. Warman Ave., Indianapolis, IN 46222
    3 BEDS $1,200
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    23 North Rural Street, Indianapolis, IN 46201
    3 BEDS $1,170
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    2610 Winthrop Avenue, Indianapolis, IN 46205
    3 BEDS $1,300
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    2401 SHELDON ST, INDIANAPOLIS, IN 46218
    3 BEDS Ask for Pricing
  • Today

    2337 Calhoun Street, Indianapolis, IN 46203
    3 BEDS $1,610
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    2602 Mansion Drive, Indianapolis, IN 46222
    3 BEDS Ask for Pricing
  • Today

    2638 Cold Spring Manor Dr, Indianapolis, IN 46222
    3 BEDS Ask for Pricing
  • Today

    3360 North Meridian St, Indianapolis, IN 46208
    3 BEDS Ask for Pricing
  • Today

    2635 West Kessler Boulevard North Drive, Indianapolis, IN 46222
    3 BEDS $910
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    2825 N Kessler Boulevard Drive, Indianapolis, IN 46222
    3 BEDS $1,690
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    3621 Lawnview Lane, Indianapolis, IN 46222
    3 BEDS $1,300
  • Today

    3720 N Pennsylvania St, Indianapolis, IN 46205
    3 BEDS Ask for Pricing
  • Today

    3440 Hovey Street-Carnegie, Indianapolis, IN 46218
    3 BEDS $964
  • Today

    3801 N. Meridian St, Indianapolis, IN 46208
    3 BEDS $1,842+
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Downtown Indianapolis, Indianapolis, IN rent trends

Rental prices in Downtown Indianapolis, Indianapolis, IN have increased by 0.11% over the past year. The average rent moved from $2,882 to $2,885.

Average rent in Downtown Indianapolis, Indianapolis, IN

$2,885/mo Downtown Indianapolis, Indianapolis, IN average rental price, January 2026
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $2,885.

    What's the typical rent budget in Downtown Indianapolis, Indianapolis, IN?

    A share of 3% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between $1,501-$2,000. Around 45% of rentals are > $3,000. Around 24% of Downtown Indianapolis's apartments have monthly rents between $2,001-$2,500. There are 28% of apartments with rents between $2,501-$3,000.

    The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (45%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Downtown Indianapolis, IN

    83 /100
    Very Walkable
    67 /100
    Good Transit
    99 /100
    Biker's Paradise
    Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

    Frequently asked questions

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

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

    The average Downtown Indianapolis, Indianapolis, IN 3 bedroom apartment size is 1,607 sq. ft.

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

    A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,036Total Population
    • 7,961 Female
      10,075 Male
    • 31Median Age

    In total, Downtown Indianapolis, Indianapolis, IN has 18,036 residents, 7,961 women and 10,075 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 31.

    Downtown Indianapolis, Indianapolis, IN households

    • 1,993 Family
      7,400 Non-family
    • 509 Children
      8,884 No Children
    • 9,393Total Number of Households
    • 1.14Average People Per Household
    • $61,082Median Household Income

    There is a total of 9,393 households in Downtown Indianapolis, Indianapolis, IN. Of these, 509 have children and 8,884 are without children. Per Census Bureau’s most current estimates, 1,993 family households and 7,400 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.14 people, on average. The median household annual income in Downtown Indianapolis equals $61,082, and the monthly housing costs equal $1,320.

    Downtown Indianapolis, Indianapolis, IN education statistics

    According to data from the U.S. Census Bureau, 2% of the population in Downtown Indianapolis, Indianapolis, IN have no high school education, 25% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 35% hold a Bachelor Degree, and 20% hold a Graduate Degree.