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Reserve on Third is a privately owned and professionally managed community. Click here for more information about the ownership and management.

You can select your roommate(s), or you can apply on your own and we can match you with other students. Applicants answer a short list of lifestyle questions to help in the matching process.

Instead of requiring all roommates to sign a joint lease, each person at Reserve on Third has their own individual contract, with one person per bedroom. This means you are only responsible for paying for yourself — not your roommates. Even if a roommate moves out or other bedrooms in your apartment are empty, you only pay the rate for your bedroom.

Each resident at Reserve on Third pays a flat rate that includes:

Yes. All bedrooms at Reserve at Third feature a private “in-suite” bathroom, except the 3 bedroom, 2 bathroom apartment, in which two of the bedrooms share a bathroom with separate sink area.

Yes. Each apartment includes a complete set of furniture. The furniture package includes full-size beds, dressers, desks and chairs, leather- or suede-style sofa and armchair, coffee table and dining furniture. To see a sample of the furniture and other finishes, please visit our model apartments.

The standard term is August 18, 2022 to July 28, 2023, with payments made in 12 equal installments. Limited alternate dates may be available; please inquire with our staff. Click here for a sample agreement.

After a Housing Agreement is signed, each resident is required to secure their financial obligation in one of three ways: by providing a qualifying guarantor (often a parent); by pre-paying the final 2 installments; or by purchasing a third-party guaranty from our partner, Leap. In limited cases, we may also waive the requirement for a financial guaranty if a resident has sufficient income of their own.

Yes. Residents can pay online 24 hours per day, by credit card or ACH electronic checking. Reserve on Third also offers automatic payment by either credit card or checking account — just fill out one page, one time and payments will be made automatically. Convenience fees apply for credit card and debit card payments.

Your living costs at Reserve on Third can be covered by financial aid, just like on-campus housing. Any available financial aid funds, after university charges are satisfied, are released to the student for non-institutional expenses, such as off-campus housing. These funds can be used to pay charges at Reserve on Third. Normal payment deadlines will continue to apply.

Nearly all the residents at Reserve on Third are students at Indiana University, and the per person contracts are also designed with students in mind. Nonetheless, Reserve on Third is an Equal Opportunity housing provider and welcomes applications from non-students. Family members are welcome as well, subject to occupancy limits. Because of the need to match student roommates, non-students must apply together with enough roommates to fill the desired apartment.

Reserve on Third offers controlled access to each apartment, plus locking bedroom doors. Security cameras are located in certain areas. Management staff are also on-site 24×7 and can be reached by a 24-hour phone number.

Reserve on Third is pet-friendly in specified buildings; restrictions apply. Reserve on Third is a non-smoking community in all indoor and adjacent areas. Guests are welcome at all times, subject to the consent of apartment-mates and security considerations. Overnight guests are welcome, with limits on the number of days and guests.

Reserve on Third offers free surface parking for all residents. Limited guest parking is also available at no charge.

Reserve on Third offers a private shuttle bus directly to Indiana University and back when school is in session during the Fall and Spring semesters. It’s just a seven-minute ride to campus. Bloomington Transit routes 3 (College Mall) and 6 (Campus Shuttle) also have 7-days-per-week service with stops right at the corner of Reserve on Third, serving the IU campus, College Mall and downtown. Or bike or drive to the IU campus or downtown Bloomington in minutes.

Yes. Please request an appointment for a personal tour, or just stop by to see us and we’ll be happy to show you the community.