
Cheap 3 Bedroom Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $4,400 (1 Rental)

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
Near North Side, Chicago, IL Local Guide

How much does it cost to rent an apartment in Near North Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near North Side Studio Apartments | $2,381 | $1,245 | $4,545 |
| Near North Side 1 Bedroom Apartments | $3,165 | $1,600 | $8,128 |
| Near North Side 2 Bedroom Apartments | $4,923 | $2,035 | $10,000+ |
Near North Side 3 Bedroom Apartments | $10,485 | $4,400 | $10,000+ |
| Near North Side 4 Bedroom Apartments | $13,524 | $10,000 | $10,000+ |
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Frequently Asked Questions about Cheap Near North Side Apartments
What is the Cheapest Studio apartment in Near North Side?
Currently the most affordable Cheap Studio Apartment in Near North Side is at 1225 Old Town listed at $5,857.
How much is rent for a Cheap One Bedroom Near North Side Apartment?
The lowest price for a Cheap One Bedroom Near North Side Apartment is $5,857 at 1225 Old Town.
What is the lowest price for a Cheap Two Bedroom Near North Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Near North Side is starting from $5,857 at 1225 Old Town.
What is the most affordable Near North Side Three Bedroom Apartment?
The best deal on a cheap Near North Side Three Bedroom Apartment rental is at 1225 Old Town and starts from $5,857.
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
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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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.