
Cheap 3 Bedroom Apartments for Rent in Chicago, IL from $1,049 (175 Rentals)


6052 S Michigan Ave

824 N Parkside Ave, Unit 3rd floor

5435 W North Ave

Park Douglas

7131-45 S Yates Blvd

2505 S Harding Ave, Unit 1
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

4834 W Adams St

653 N Christiana Ave, Unit 2

4411 S Sacramento Ave, Unit 2

Ivy Park Homes

7644 S Normal Ave

2628 S Kedzie Ave

6000 S Rockwell St

7927 S Parnell Ave

7029 S Wentworth Ave, Unit Views construction LLC

8317 S Buffalo Ave

658 E 81st St

7313 S Stewart Ave, Unit 1

7725 S East End Ave, Unit 2nd floor

650 W 61st St

Lake Grove Village

2518 S Saint Louis Ave, Unit 2

6157 S Washtenaw Ave

7344 S Emerald Ave

3515 W McLean Ave

5321 W Potomac Ave, Unit G

3939 W Lexington St

5225 S Peoria St, Unit 5225 S Peoria St #1

6607 S Marquette Rd

1017 N Hamlin Ave, Unit 2

10121 S State St

8718 S Muskegon Ave

6221 S May St

6630 S Ingleside Ave, Unit 1

6422 S Rhodes Ave, Unit 1

5619 S Indiana Ave

6535 S Rhodes Ave

4025 W Cornelia Ave, Unit 2

7253 S Richmond St

704 W Garfield Blvd, Unit 704

4525 S Christiana Ave, Unit First floor

8236 S Ellis Ave

7222 S Ridgeway Ave, Unit Apt 2
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 | $2,144 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,675 | $750 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,404 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,985 | $1,049 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,188 | $1,175 | $10,000+ |
Chicago 5 Bedroom Apartments | $4,133 | $1,500 | $6,200 |
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Chicago, IL Local Guide
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Quick 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.
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 Cheap Chicago Apartments
What is a cheap apartment in Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $785.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 5100-04 W Madison St which is listed at $1,095, while the average apartment in Chicago costs $3,128.
What types of apartments are the cheapest in Chicago?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,449 regular apartments in Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago?
Cheap apartments in Chicago have an average cost of $407 which is $2,721 cheaper than the average rent for all rentals in Chicago.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.