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3 Bedroom Apartments for Rent in Chicago, IL - 737 Rentals available

Chicago, IL Demographics

  • Total Population2,717,534
  • Female 1,318,494
    Male 1,399,040
  • Median Age33.7

Average Rent for 3 Bedroom apartments in Chicago, IL

  • The average rent for a 3 Bedroom apartment in Chicago, IL, June 2018$1,806/mo
  • 1 Bedroom$1,770
  • 2 Bedrooms$2,381
  • 3 Bedrooms$2,808

Chicago, IL 3 Bedroom Apartment Rent Ranges

  • $701-$1,0008%
  • $1,001-$1,50023%
  • $1,501-$2,00017%
  • > $2,00052%

Chicago, IL 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jun / 2018 $1,806 $2,808
Sept / 2017 $1,795 $2,670
May / 2017 $1,821 $2,636
Jan / 2017 $1,753 $2,502
Sept / 2016 $1,756 $2,454
May / 2016 $1,768 $2,432
Jan / 2016 $1,714 $2,428
Sept / 2015 $1,675 $2,342
May / 2015 $1,657 $2,285
Jan / 2015 $1,612 $2,179
/

Chicago, IL Households

  • Total Number of Households1,035,436
  • Family 564,763
    Non-family 470,673
  • Children 297,034
    No Children 738,402
  • Average People Per Household2.57
  • Median Household Income$48,522
  • Median Housing Costs Per Month$1,120

Chicago, IL Education Statistics

  • No High School8%
  • Some High School33%
  • Some College21%
  • Associate Degree5%
  • Bachelor Degree20%
  • Graduate Degree13%

Renting a 3 bedroom apartment in Chicago, IL

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,098 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Chicago, IL, rents on 3 bedroom apartments go up to $18,061. 555 rental properties offer 3 bedroom units in Chicago, IL to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Chicago, IL

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $700 in Chicago, IL, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Auburn Gresham or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.

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