Zumper
modified
5+ Days Ago

Highlights

  • New Construction
  • Pet Friendly

Location

4500 E 3rd St, Bloomington, IN 47401, USA
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Contact

Management

MHG Apartments

Leasing office

Open 

Monday 9:00 am–6:00 pm ET

Property Overview

Third Apartments presents an impressive offering with an overall Zumper Expert Rating of 8.8 out of 10 and a top-notch price rating of 10, indicating great value. The property features an array of amenities rated at 8 out of 10, alongside a location score of 9, ensuring excellent access to essential services and transportation. Trustworthiness and quality ratings of 8 further emphasize the property's transparency and attractiveness, while its competitive standing in the market adds to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, Third Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Third Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space
  • Images Available

Floor plans

One Bedroom1 bed1 bath757 sqft$1,425 /mo1 unit available
Bed in Private room Room in 2BR1 bath825 sqft$775–$1,725 /mo3 units available
Bed in Private room Room in 2BR2 bath1,094 sqft$2,300 /mo2 units available
Bed in Private room Room in 2BR2 bath1,222 sqft$2,750 /mo1 unit available
Bed in Private room Room in 3BR2 bath1,200 sqft$775–$2,725 /mo4 units available

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Amenities for Third Apartments

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Base Rent

Monthly rent payment

$775–$2,750

OPTIONAL FEES

Dog Policy

Allowed
Limit2
Breed restrictionsYes

We do not allow aggressive breeds or dogs that are under 1 year old.

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max.

$30

Dog

Pet Rent

Monthly. 2 dogs max. We do not allow aggressive breeds or dogs that are under 1 year old.

$30

Questions about this property’s policies and fees?

Building details

Property details

Year built2024
Lease terms11 months
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About Third Apartments

HomeApartments in Bloomington Third Apartments

Third Apartments cost $775–$2,750 per month. Located at 4500 E 3rd St, Bloomington, IN 47401, USA, Third Apartments has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Bloomington, renting an apartment at Third Apartments is 38% more expensive per month.Other apartment buildings in or around Bloomington include but are not limited to: 1120 S Walnut St, 805 N Smith Rd, 225 E 20th St


Year Built: 2024

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Third Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Third Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Third Apartments
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Third Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Third Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Third Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·8A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Anyone looking for quality at a great value will find Third Apartments to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Third Apartments compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
More space
The 1-bedroom is 155 sqft larger than other listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
More space
The 2-bedroom is 95 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Bloomington

1-bedroom apartments here are priced 31% higher than 1-bedrooms in Bloomington.

If you decide to upgrade your space, you can expect 2-bedrooms at Third Apartments to be 21% more than the average for similarly sized apartments in Bloomington.

3-bedroom apartments at Third Apartments cost about 61% less than the average rent price for 3-bedroom apartments in Bloomington.

Median rents as of Oct 25 2025.
Bloomington
A table of studio rental data trends in Bloomington
MonthMedian Rent
November 2023$1,270
December 2023$1,220
January 2024$1,132
February 2024$1,105
March 2024$1,292
April 2024$1,305
May 2024$1,170
June 2024$1,184
July 2024$1,165
August 2024$1,207
September 2024$1,254
October 2024$1,309
November 2024$1,298
December 2024$1,301
January 2025$1,297
February 2025$1,298
March 2025$1,278
April 2025$1,280
May 2025$1,215
June 2025$1,011
July 2025$1,047
August 2025$1,025
September 2025$1,050
October 2025$1,091

Affordability calculator

Can I afford to live at 4500 E 3rd St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$57,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $57,000 annually to afford this 1-bedroom monthly rent price of $1,425.
For more information on rent affordability, visit our rent calculator.

Schools near Third Apartments

Binford Elementary School

2300 e second st

bloomington, IN, 47401

PK, K-6Public
A

Rogers Elementary School

2200 e 2nd st

bloomington, IN, 47401

K-2Public
B+
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Internet available near Third Apartments

Getting around Bloomington near 4500 E 3rd St

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 4500 E 3rd St, Bloomington

Groceries

4/10
At least one supermarket within a 20-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

2/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

2/10
Closest elementary school further than a 30-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

4/10
Some bars within walking distance

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This property is intended for students only.
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