It may be known as “The Second City,” a long-time nickname used to compare the Midwestern hub with New York, but for Chicagoans the city always comes in first place.
Chicago has a style all its own, which makes residents of the city some of the proudest in the country. Chi-town is known for its abundance of options for entertainment, dining, and outdoor activities including swimming and boating at Lake Michigan. This culture-filled city features a thriving theater and comedy scene that launched the careers of A-listers like Tina Fey and Steve Carrell, as well as world-class museums and landmark buildings.
Moreover, when you call Chicago home, you enjoy a lower cost of living than you would in other high-rated places like Manhattan, Los Angeles, and San Francisco. The varied housing landscape and booming economy make it appealing for both young professionals who follow the job trail as well as families with kids seeking a community-oriented lifestyle.
Driven by the growing demand for urban living and limited inventory levels, the average rent price of Chicago apartments has increased 3.2% over the last twelve months, hitting $1,630 in June, according to Yardi Matrix. Three-bedroom homes average $2,286 a month, a relatively good price for big city living and lots of space compared to other sprawling metropolises like San Francisco where 3-beds cost $3,539 on average.
Enjoy Spacious Chicago Living with These 3-Bedroom Rental Options
To give you a good starting point in apartment hunting, we’ve compiled a list of 3-bedroom rental homes in Chicago, each providing a great value for your money. Check them out!
1. York Terrace, South Commons, $1,450, 944 Square Feet
Located on Chicago’s new South Side, York Terrace provides residents with easy access to the IIT Campus, UIC, McCormick Place, as well as plenty of shopping and dining destinations. The apartments feature fully-equipped kitchens as well as spectacular views of the city skyline and Lake Michigan.
2. 4101-4103 N. Kenmore, Buena Park/Wrigleyville, $1,995, 1,600 Square Feet
Centrally located in the Buena Park/Wrigleyville neighborhood, 4101-4103 N. Kenmore features charming details including wood-burning fireplaces and wood floors. Despite the vintage feel of these apartments, they offer modern kitchens and bathrooms, as well as private outdoor spaces.
3. 4123 W. Melrose St., Kilbourn Park, $2,195, 1,450 Square Feet
If you’re looking for a single-family, three-bedroom rental home, Chicago offers that as well. This charming home located at 4123 W. Melrose Street in the peaceful neighborhood of Kilbourn Park includes a modern kitchen with stone countertops and espresso cabinetry. The Northwest Side neighborhood of Kilburn Park is known for its tree-lined streets and ample grassy areas.
4. The Patricians, Lincoln Park, $3,000, 1,180 Square Feet
Situated in perhaps one of Chicago’s most popular neighborhoods is The Patricians apartment community. This Lincoln Park apartment complex offers proximity to beaches, DePaul University, and a number of dining and nightlife venues. The Patricians also boasts classic interior features such as hardwood floors and crown molding, as well as a large rooftop deck.
5. Circa 922, Near West Side, $4,995, 1,694 Square Feet
Circa 922 boasts a cutting-edge, eco-centric design combined with the classic architecture of a Printers Loft building from the early 1900’s. The apartment homes come with floor to ceiling windows, subway tile backsplashes, exposed brick walls, stainless steel appliances, Grohe water fixtures, as well as in-home washers and dryers.
The community offers resort-style amenities including a sun terrace with a pool and serving kitchen, fitness center, bike parking, and an executuve business center.
6. The Lofts At River East, Streeterville, $5,015, 1,338 Square Feet
Ideally located in Downtown Chicago, The Lofts at River East provides spectacular views of the Chicago River and some of the largest apartments in the city. This luxurious, modern building offers top-notch apartments with gourmet kitchens, efficient appliances, in-unit laundry rooms, exposed brick, and extra storage space. Also notable is the 10,000-square-foot Sky Deck, with views of surrounding attractions like the Navy Pier.
Are you excited by what you’ve seen here? Search RentCafe for even more great three-bedroom Chicago listings in the city’s most desirable neighborhoods.