3rd Independent Spirit Awards

{{Infobox film awards

|number=3

|award=Independent Spirit Awards

|date=February 11, 1988

|site=Los Angeles, California
U.S.

|host=Buck Henry

|best_film=River's Edge

|most_wins=The Dead (2)
River's Edge (2)

|most_nominations=Matewan (6)

|last=2nd

|next=4th

}}

The 3rd Independent Spirit Awards, honoring the best in independent filmmaking for 1987, were announced on February 11, 1988. The ceremony was hosted by Buck Henry and was held at 385 North, a restaurant in Los Angeles.{{cite web |url=https://www.chefdb.com/pl/9933/385-North-Los-Angeles |title=385 North, Los Angeles (CLOSED) |publisher=ChefDB |access-date=March 13, 2013}}{{cite web|author=Voland, John|url=https://www.latimes.com/archives/la-xpm-1988-02-15-ca-28845-story.html|title=MOVIES - Feb. 15, 1988|date=February 15, 1988|work=Los Angeles Times|access-date=March 14, 2025}}{{cite web |url=https://www.loopnet.com/Listing/375-N-La-Cienega-Blvd-Los-Angeles-CA/4323901/ |title=375 N La Cienega Blvd Los Angeles, CA 90048 |publisher=LoopNet |access-date=March 13, 2013}}{{cite web |url=https://variety.com/2005/film/awards/independence-days-1117918523/ |title=Independence days |first=Keith |last=Collins |work=Variety |date=February 24, 2005 |access-date=March 13, 2013}}{{cite web |url=https://mubi.com/films/rivers-edge/awards |title=River's Edge (1986) Awards & Festivals |publisher=American Film Institute |access-date=March 13, 2013}}{{cite web |url=https://www.latimes.com/archives/la-xpm-1987-12-25-ca-21088-story.html |title=385 North Turns to the Southwest |first=Ruth |last=Reichl |author-link=Ruth Reichl |date=December 25, 1987 |work=Los Angeles Times |access-date=March 13, 2013}}{{cite web |url=https://www.nytimes.com/1985/08/18/travel/california-grows-her-own-cuisine.html |title=California Grows Her Own Cuisine |first=Robert |last=Lindsey |date=August 18, 1985 |work=The New York Times |access-date=March 13, 2013}}{{cite web |url=https://www.nytimes.com/1984/07/04/garden/in-los-angeles-high-style-restaurant-fare.html |title=In Los Angeles, High-Style Restaurant Fare |first=Marian |last=Burros |author-link=Marian Burros |date=July 4, 1984 |work=The New York Times |access-date=March 13, 2013}}{{cite web |url=https://www.latimes.com/archives/la-xpm-1988-04-11-ca-619-story.html |title=Independent Feature Project Bestows Its Spirit Awards |first=John |last=Voland |date=April 11, 1988 |work=Los Angeles Times |access-date=March 13, 2013}}{{cite web |url=https://www.latimes.com/archives/la-xpm-1987-12-06-ca-26692-story.html |title=Can Rosalie's Succeed Where 385 North Fell on Its Souffle? |first=Colman |last=Andrews |author-link=Colman Andrews |date=December 6, 1987 |work=Los Angeles Times |access-date=March 13, 2013}}