
3 Bedroom Apartments for Rent in Chicago, IL Under $3,500 (940 Rentals)


Lake Meadows Apartments

North Oak Lofts

Maynard At Elaine Place

Fisher Building Apartments

5320-5326.5 S. Drexel Boulevard

6257 Lakewood

5445 Ingleside By 3L Living

731 Plymouth by 3L Living
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Belmont Tower Apartments

Sheridan-Gunnison Apartments

8524-8532 W Gregory St

1935 S Canalport Ave

1047 W Madison St

1752 W 18th Pl

1338 W Cullerton St

5135-45 S. Ingleside Ave.

Total Monthly Price
The Trilogy at Hyde Park

The Buckingham Student Living
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.

1154 N Dearborn St

Letterman Chicago

1925 W Armitage Ave

The Dunham Apartments

2330-2338 N Spaulding Ave

Clark & Orchard Apartments

Total Monthly Price
Hyde Park Tower

Hyde Park West

The Bryn - 5600 N Sheridan Rd

Academy at Drexel
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

4700 Lake Park Apartments

Ivy Park Homes

1101 E. Hyde Park Boulevard

Harbor Point Estates

5504 S Wabash

Eden Commons

Lake Grove Village

8100 S Essex Ave

7131 S Yates

Southland Village
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

3805 W Belle Plaine Ave

7607-7609 S Normal Ave

Total Monthly Price
7234 S Jeffery Blvd

1016 S May St

Celebration Apartments

2415-2417 W Birchwood Ave

3025 W Irving Park Rd

South Shore Manor

7944 S Ellis Ave

6154 S Rockwell St
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments | $2,020 | $600 | $9,700 |
| Chicago 1 Bedroom Apartments | $2,472 | $600 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,070 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,838 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,063 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,308 | $1,895 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,298 | $750 | $10,000+ |
Explore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
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 Coleman Place At Legends South listed at $170.
How much is the average rent for a 3 Bedroom Chicago Apartment?
The average rent for a 3 Bedroom Apartment in Chicago is $3,838.
What is the largest available 3 Bedroom Chicago Apartment for rent?
Today's apartment with the most square footage in Chicago is a 2,569 square feet unit starting from $4,099 at Galewood Residences.
What is the average size for Chicago 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Chicago is currently 1,475 sq ft.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
