3 Bedroom Apartments for Rent in Chicago, IL (4,367 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Chicago, IL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Chicago 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: June 22, 2025

There are currently 4237 available 3 Bedroom apartment units from neighborhoods all over Chicago, IL that range in price from $600 to $40,000. Southwest Chicago, Northwest Chicago and North Lakefront are the neighborhoods that currently have the most 3 Bedroom availability. Here is today's list of the top neighborhoods in Chicago with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Southwest Chicago301$2,195$875
Northwest Chicago221$2,795$825
North Lakefront198$3,395$825
South Lakefront159$2,195$1,300
Downtown Chicago107$5,243$875
Tri Taylor104$3,000$875
Avalon Park61$1,700$1,325
Far North Chicago52$2,797$950
Armour Square51$2,400$925
Lakeview49$3,625$1,150

Largest Available Chicago 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Chicago, IL is found at 1000M in the Near South Side neighborhood and is 2,539 square feet priced from $12,910. State and Grand in the Magnificent Mile neighborhood has the second largest 3 Bedroom, which is sized at 2,267 square feet and currently listed start at $6,995. Here is today’s list of the largest available 3 Bedroom units in Chicago:

Apartment ListingModel NameSquare FootagePriced From
1000MPH22,539 Sq Ft$12,910
State and GrandC12,267 Sq Ft$6,995
Parkline ChicagoPenthouse C2,250 Sq Ft$11,208

Cheapest Available Chicago 3 Bedroom Apartments

As of June 22, 2025 the lowest priced 3 Bedroom apartment unit in Chicago, IL is the Mac - 3x2 Model starting from $1,075 at Letterman Chicago in the West Loop neighborhood. The second most affordable Chicago 3 Bedroom is the 3 Bedroom 1 Bath Apartment Model at 7131-45 S Yates Blvd starting at $1,105 in the South Shore neighborhood. The average price for all 3 Bedroom apartments in Chicago is currently $3,706. Here is today’s list of the cheapest available 3 Bedroom options in Chicago:

Apartment ListingModel NamePriced From
Letterman ChicagoMac - 3x2$1,075
7131-45 S Yates Blvd3 Bedroom 1 Bath Apartment$1,105
Buckingham3x2. Floors 3-13$1,149
3600 W Franklin Blvd3 Bedroom 1 Bathroom Apartment$1,244
Park Place ApartmentsThree Bedroom 50%$1,300
Southland Village3 Beds, 1 bath$1,400

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Chicago Overview

Chicago is one of the largest and liveliest cities in the United States with a thriving economy, an active nightlife and some of the world's most historic buildings and landmarks making it a very popular place to call home. The school system and metropolitan offerings make Chicago one of the best places to live in the Midwest in addition to being a premiere tourist destination. The options for cheap apartments in Chicago as well as rental homes, condos, and townhomes in the area make it a renters dream come true.

Why live in Chicago, IL?

With its numerous shops and local cuisine, a bustling nightlife, a strong economy and an efficient if busy transportation system, Chicago is truly the gem of the Midwest. While school districts vary from one area to the next, Chicago is a hub for some of the world's best schools, universities and hospitals, making it an ideal place to settle down. As home to some of the leading universities in the world, Chicago offers plenty of opportunities for its residents to grow up, get an education and find work in its diverse and thriving economy.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chicago, IL Rentals by Map

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See the most popular apartments and homes in Chicago, IL

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Getting Around Chicago, IL

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

66 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 3 Bedroom Chicago Apartments

What is the Cheapest apartment in Chicago with 3 Bedroom?

Currently the most affordable 3 Bedroom in Chicago is at Letterman Chicago listed at $1,075.

How much is the average rent for a 3 Bedroom Chicago Apartment?

The average rent for a 3 Bedroom Apartment in Chicago is $3,706.

What is the largest available 3 Bedroom Chicago Apartment for rent?

Today's apartment with the most square footage in Chicago is a 2,539 square feet unit starting from $12,910 at 1000M.

What is the average size for Chicago 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Chicago is currently 1,421 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.